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MegadealsSubsidy Tracker Individual Entry
Company: BMW
Parent Company:
BMW
Subsidy Source: multiple
Location: South Carolina
County: Spartanburg
Project Description: automobile assembly plant
Year: 1992
Major Industry of Parent: motor vehicles
Specific Industry of Parent: motor vehicles
Subsidy Value: $150,000,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL
Source of Data: The value and breakdown of the subsidy package are taken from: Ted Evanoff, "Auto-plant incentives: S.C. first with the most," The (Memphis) Commercial Appeal, October 25, 1992.
Notes: The subsidy package included about $30 million in state job creation tax credits over 20 years and 20-year county property tax abatements worth about $41 million. The Ports Authority and the county spent about $36 million to buy the land for the plant. Another $23 million was committed through federal grants for infrastructure improvements. The source of the remaining $20 million was not specified. Overlaps with main Subsidy Tracker data: none.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.