Subsidy Tracker Individual Entry

Company: 
GENERAL MOTORS CORPORATION
Parent Company: 
General Motors
Subsidy Source: 
local
Location: 
Indiana
County: 
Allen
Project Description: 

truck assembly plant

Year: 
2001
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$879,474,003
Program Name: 
multiple
Awarding Agency: 
Allen County Auditor
Type of Subsidy: 
MEGADEAL
Source of Data: 

2001 to 2007 subsidies were obtained by Good Job First through a freedom of information request. 2008 to present subsidies are taken from Allen County?s tax abatement disclosure documents available at http://www.allencounty.us/property-tax-division-and-deductions/abatements. All of the entries are available in Subsidy Tracker by searching the company name and Allen County?s Personal Property Tax Abatement and Real Property Tax Abatement. For the 2014 upgrade, see for example: Vivian Sade, "County Council OKs deal for GM Automaker would save $15 million on investment," Fort Wayne Journal Gazette, October 17, 2014.

Notes: 

The subsidy package represents the sum of real and personal property tax abatements the company has received from Allan County since 2001 for its truck plant. The total includes abatements granted for various expansions and upgrades over this time, such as a 100 percent $15 million abatement over 10 years granted in 2014 for a $1.2 billion upgrade. Because the total of this package is based on the actual abatement received, it will increase over time. The figure does not include state subsidies provided to the company for the operation of the plant. The subsidy year represents the year when the first data is available. Overlaps with main Subsidy Tracker data: 44 entries for the company for Allen County?s Personal Property Tax Abatement and Real Property Tax Abatements between 2001 and 2016.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.