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Subsidy Tracker Individual Entry

Company: Toyota-Mazda
Parent Company: Mazda Toyota Manufacturing, U.S.A., Inc.
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
Subsidy Value in 2023 Dollars: $1,095,556,760
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
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.