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MegadealsSubsidy Tracker Individual Entry
Company: Diamond-Star Motors (now Mitsubishi Motors)
Parent Company:
Mitsubishi Motors
Subsidy Source: multiple
Location: Illinois
City: Bloomington-Normal
Project Description: automobile assembly plant
Year: 1985
Major Industry of Parent: motor vehicles
Specific Industry of Parent: automobiles
Subsidy Value: $249,300,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL
Number of Jobs or Training Slots: 2,900
Capital Investment: $680,000,000
Source of Data: The value of the subsidy package and its components as well as the jobs and investment projections came from: Jeff McCourt et. Al., A Better Deal for Illinois (Good Jobs First, January 2003).
Notes: The state-local package included: $160 million in property tax abatements over 10 years by virtue of the plant's location in a newly created enterprise zone; $40 million in job training funds; and $49.3 million in infrastructure assistance. At the time of the deal, Diamond-Star was a joint venture of Mitsubishi Motors and Chrysler. After Chrysler ended its relationship with Mitsubishi in the early 1990s, the plant dropped "Diamond-Star" and took on the Mitsubishi name. In 2011 Mitsubishi was given a $29 million subsidy package in connection with its plan to produce the Outlander Sports Crossover in Bloomington-Normal. 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.