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MegadealsSubsidy Tracker Individual Entry
Company: Freyr Battery
Parent Company:
Subsidy Source: multiple
Location: Georgia
County: Coweta
Project Description: electric battery factory
Year: 2022
Subsidy Value: $358,000,000
Program Name: multiple
Type of Subsidy:
MEGADEAL
Number of Jobs or Training Slots: 724
Wage Data: $60,000
Wage Data Type: average salary
Capital Investment: $2,570,000,000
Source of Data: Subsidy data was taken from: Zachary Hansen, "In bid for big battery plant, Georgia anted up $358M in incentives," The Atlanta Journal-Constitution, January 13, 2023:
(click here). The article is based on an agreement between the state and the company that the journalist received via FOIA request.
Notes: The subsidy package includes state and local subsidies. From the state: $90 million in sales tax exemptions for machinery and for construction materials; $11 million in job creation tax credits; a $7 million grant for land purchase. From the localities: 20-year local property tax abatements valued at $228 million; a $20 million grant from the county. There are other tax breaks which values were not estimated. It was noted the project will benefit from the federal Inflation Reduction Act. The project called Giga America will locate at the Bridgeport Industrial Park and is scheduled to open in 2026. Overlaps with main data: none.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.