Subsidy Tracker Individual Entry

Company: 
Honda
Parent Company: 
Honda
Subsidy Source: 
multiple
Location: 
Alabama
City: 
Talladega
County: 
Talladega
Project Description: 

automobile assembly plant

Year: 
2002
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$89,700,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
2,000
Capital Investment: 
$425,000,000
Source of Data: 

The value and the breakdown of the subsidy package, as well as the job and investment projections are taken from: Phillip Rawls, "Honda incentive package has lowest cost per job," The Associated Press State & Local Wire, July 10, 2002.

Notes: 

The subsidy package included $11.5 million from the city and the county for site preparation and water and sewer improvements; $45.1 million from the state for worker training and site improvements; and $33.1 million in state and local tax breaks over 20 years. 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.