NORMAL, Ill. (Oct. 31, 2011)—Bridgestone Americas is planning to spend $20 million to improve its off-the-road tire plant in Bloomington, Ill., but its decision is contingent on government action to give it tax breaks.
The project primarily would add about 30 percent to its capacity to produce 25-inch radial tires, to 120 a day, according to Plant Manager Marty Greutman. The firm would add as many as 38 jobs to the 46-year-old factory, which primarily manufactures bias-ply OTR tires.
Bridgestone Americas wants the facility added into the Bloomington, Normal and McLean County enterprise zone, which will lead to state tax breaks, a Bridgestone spokesman said. Specifically, that action would allow the manufacturer to purchase building materials using the “state sales tax exemption native to the enterprise zone,” the company official said.
Bridgestone said it expects the process of obtaining enterprise zone designation—which involves action by the Bloomington and Normal city councils and the McLean County Board—to take at least 60 days.
A few weeks ago Bridgestone disclosed plans to invest $1.2 billion in South Carolina to build a radial OTR plant.