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Subsidy Tracker Individual Entry

Company: Mercedes/DaimlerChrysler (now Daimler)
Parent Company: Mercedes-Benz Group
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
Subsidy Value in 2023 Dollars: $212,283,129
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
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: If an online information source is not working, check the Tracker inventory page for an updated link.