Michigan - multiple - General Motors

Company:

General Motors

Parent Company:

General Motors

Subsidy Source:

multiple

Location:

Michigan

City:

Lansing

Project Description:

automobile assembly plant

Year:

1999

Major Industry of Parent:

motor vehicles

Specific Industry of Parent:

motor vehicles

Subsidy Value:

$98,900,000

Program Name:

multiple

Awarding Agency:

Michigan Economic Development Corporation

Type of Subsidy:

MEGADEAL

Number of Jobs or Training Slots:

1,500

Capital Investment:

$500,000,000

Source of Data:

The subsidy value and the jobs and investment projections came from a May 12, 1999 press release issued by the Michigan Economic Development Corporation; online at http://www.michiganadvantage.org/Press-Releases/All-in-a-Day-s-Work-40728-Jobs-Coming-to-Michigan/

Notes:

The package, assembled for a plant that was to produce luxury cars such as the Cadillac Catera, consisted of a $73 million MEGA tax credit; a property tax abatement worth $12.7 million; $10 million in infrastructure assistance; $2.2 million in training assistance; and a $1 million low-interest loan for environmental clean-up. Deal documents have been posted by the Mackinac Center at http://www.mackinac.org/directory.aspx?location=archives/fpi/mega/ 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.

Michigan - multiple - General Motors

Subsidy Tracker Individual Entry