Subsidy Tracker Individual Entry
Company:
Ford Motor Co.
Parent Company:
Ford Motor
Subsidy Source:
state
Location:
Kentucky
City:
Glendale
County:
Hardin
Address:
near Interstate Highway 65
Project Description:
two electric battery plants
Year:
2021
Major Industry of Parent:
motor vehicles
Specific Industry of Parent:
motor vehicles
Subsidy Value:
$410,000,000
Program Name:
multiple
Awarding Agency:
multiple
Type of Subsidy:
MEGADEAL 
Number of Jobs or Training Slots:
5,000
Capital Investment:
$5,800,000,000
Source of Data:
Morgan Watkins, "Ky. gets $5.8B Ford plants; Will employ 5,000 full time at Hardin County battery facilities," The Courier-Journal, September 28, 2021, via LexisNexis. See also September 27, 2021 Gov. Beshear press release on the Ford announcement: https://ced.ky.gov/Newsroom/NewsPage/20210928_Ford_SK. On the subsidy bill, see for example: Bruce Schreiner, "Kentucky lawmakers OK incentives bill aimed at mega projects," Associated Press, September 10, 2021
Notes:
In September 2021, Kentucky passed a subsidy bill that offered $410 million to projects investing over $2 billion. Later that month, Ford announced plans to build two electric battery plants in Glendale. Ford is eligible for a $250 million state forgivable loan, $36 million in workforce development ($25 million for building a training center at the site), and free land (1,500 acres). The total does not include any local subsidies or any state level tax-based subsidies that Ford might be eligible for. Overlaps with main data: none.
Source Notes:
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