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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: 2002
Major Industry of Parent: motor vehicles
Specific Industry of Parent: motor vehicles
Subsidy Value: $89,700,000
Subsidy Value in 2023 Dollars: $152,775,625
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
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.