Subsidy Tracker Individual Entry

Company: 
Ford Motor
Parent Company: 
Ford Motor
Subsidy Source: 
multiple
Location: 
Illinois
City: 
Chicago
Project Description: 

manufacturing and supplier park

Year: 
2000
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$100,900,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
800
Capital Investment: 
$400,000,000
Source of Data: 

The value and the breakdown of the subsidy package and the job and investment projections are taken from: Charles Sheehan, "Ford to expand South Side plant," The Associated Press State & Local Wire, September 7, 2000. See also: Fran Spielman, "Ford to build S. Side facility," Chicago Sun-Times, September 7, 2000. For a detailed description of the deal, see: Jeff McCourt and Greg LeRoy, "A Better Deal for Illinois," (Good Jobs First, January, 2003), chapter 7; available online at: http://www.goodjobsfirst.org/sites/default/files/docs/pdf/il.pdf

Notes: 

The subsidy package included state and local subsidies. State level subsidies included $52.2 million from the Illinois FIRST program for infrastructure improvements, site clean-up and the construction of a technical training center as well as $6.1 million in industrial training funds. The city contributed $22.2 million in infrastructure improvements; $11 million from a tax increment financing district created around the site; $7.6 million for job training and recruitment; and $2 million in environmental grants. In addition, the state offered Ford an unspecified amount in 10-year EDGE tax credits (not included in the total). Overlaps with main Subsidy Tracker data: $419,198 tax increment financing entry for 2003 as well as awards from the Large Business Development Assistance Program and the Employee Assistance Training Investment Program totaling $9.6 million.

Source Notes: 
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