Subsidy Tracker Individual Entry

Company: 
Mercedes/DaimlerChrysler (now Daimler)
Parent Company: 
Daimler
Subsidy Source: 
multiple
Location: 
Alabama
City: 
Tuscaloosa
County: 
Tuscaloosa
Project Description: 

expansion of automobile assembly plant

Year: 
2000
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$119,300,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
2,000
Capital Investment: 
$600,000,000
Source of Data: 

The value and the breakdown of the subsidy package and the job and investment projections were taken from: Russell Hubbard, "Incentive price tag: $119 million project will cost $60,000 for each job in taxpayers subsides," Birmingham News, August 29, 2000.

Notes: 

The $119.3 million subsidy package for Mercedes-Benz expansion included state and local subsides: $54.2 million in corporate income tax credits and reductions on property taxes and sales and use taxes; $37 million for workers training; $14.4 million for site preparation and construction; and $10 million for road improvements. The remaining amount of $3.7 million was not specified. The company originally received a $238 million subsidy package for the facility in 1993 (see separate entry). Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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