Certified businesses that construct a plant engaged in the manufacture of tiers or other related rubber or automotive products and enterprises owning or operating maritime fabrication and assembly facilities are eligible for up to 25 years in exemptions against corporate income tax arising from the project.

Qualifying projects for tire or other related rubber or automotive manufacturing plant projects are those projects commencing after January 1, 2016 and substantially completed no later than December 31, 2022, with a minimum aggregate capital investment of $1.45 billion and 2,500 new qualifying full-time jobs.

Also eligible for the exemption are businesses owning and operating maritime fabrication and assembly facilities for which construction begins after February 1, 2016, and is completed by December 31, 2018. Maritime projects must commit to a minimum initial capital investment in land, buildings, and equipment of $68 million and 1,000 qualifying new full-time jobs.