Subsidy Tracker Individual Entry

Company: 
Toyota-Mazda
Subsidy Source: 
multiple
Location: 
Alabama
City: 
Huntsville
County: 
Madison
Project Description: 

automobile assembly plant

Year: 
2018
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
auto assembly plant
Subsidy Value: 
$900,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
4,000
Capital Investment: 
$1,600,000,000
Source of Data: 

The value of the subsidy comes from: Paul Gattis, "$800 million-$900 million incentive to net $5.6 billion," Huntsville Times, January 14, 2018. The details of the package were taken from Anne Marie Bonds, "Tax incentives not always the answer," Birmingham Business Journal (Alabama), March 1, 2018.

Notes: 

The $900 million figure was disclosed by Huntsville Mayor Tommy Battle. The package includes state and local subsidies. About $395 million will come from the state: $200 million in site preparation, $20 million in cash incentives, $50 million in construction sales tax abatements, and $125 million for training costs. Huntsville will provide $320 million in property tax abatements ($107 million over 20 years), land, and infrastructure improvements. Details on the remaining subsidies were not reported, including those from the Tennessee Valley Authority. $270 million of the package will be provided to the company before production begins. Overlap 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.