Subsidy Tracker Individual Entry
automobile assembly plant
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.
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.