Subsidy Tracker Individual Entry

Company: 
Diamond-Star Motors (now Mitsubishi Motors)
Parent Company: 
Mitsubishi Group
Subsidy Source: 
multiple
Location: 
Illinois
City: 
Bloomington-Normal
Project Description: 

automobile assembly plant

Year: 
1985
Major Industry of Parent: 
diversified
Specific Industry of Parent: 
diversified
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.