MLB Warns Yasiel Puig On Shoes Nike Goes With "Amarillo" For Michigan Color USA Hoops Photo Highlights Only Nike Nike, Under Armour Cleats Showcased At MLB ASG Berian At Center Of T&F Contract Debate Durant Could Impact Under Armour/Curry Knight Officially Retires As Nike Board Chair BMX Rider Enlists Sponsors For Video Series Serena Draws Praise For Wimbledon Outfit Nike's North American Profits Take Dip
SBD/30/Sponsorships Advertising Marketing
TETRA STAYS ON SOLID GROUND IN THE SHOW ME STATE
Published September 30, 1994
Tetra Plastics Inc., which developed the plastic "Airsole" for Nike and is a supplier to K2 Snow Ski Inc., has announced that it will build a 220,000-square-foot plant at the Missouri Research Park and expand its R&D department. The company was flooded out last year and "had plenty of reason to join Nike" in Oregon, but "incentives from Missouri's Department of Economic Development were crucial to Tetra's decision" to stay in Missouri. State aid included $263,000 in investment and job creation task credits, and $750,000 to build a new highway interchange. The company will also save $600,000 in utility charges over five years, and is exempt from real estate taxes. Tetra expects sales of $37M this year and "has 23 new products under development just for Nike, which accounts for 55 percent of the company's sales" (Fred Faust, ST. LOUIS POST DISPATCH, 9/30).