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Subsidy Tracker Individual Entry

Company: Honda
Parent Company: Honda
Subsidy Source: multiple
Location: Alabama
City: Talladega
County: Talladega
Project Description: automobile assembly plant
Year: 1999
Major Industry of Parent: motor vehicles
Specific Industry of Parent: motor vehicles
Subsidy Value: $158,000,000
Subsidy Value in 2023 Dollars: $290,701,884
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
MEGADEAL

Number of Jobs or Training Slots: 1,500
Source of Data: The value and the breakdown of the subsidy package and the job projection are taken from: Jay Reeves, "Honda gets $95 million less in incentives than Mercedes," The Associated Press State & Local Wire, May 7, 1999.
Notes: The $158 million subsidy package included $102.7 million for site preparation and worker training and $55.6 million in property tax abatements. In 2002, Honda received nearly $90 million for an expansion (see 2002 Honda deal). 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.