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Subsidy Tracker Individual Entry

Company: General Motors
Parent Company: General Motors
Subsidy Source: local
Location: Kansas
City: Kansas City
Project Description: automobile assembly plant
Year: 1985
Major Industry of Parent: motor vehicles
Specific Industry of Parent: motor vehicles
Subsidy Value: $136,000,000
Subsidy Value in 2023 Dollars: $368,990,338
Program Name: Kansas City: property tax abatement
Awarding Agency: Kansas City
Type of Subsidy: 
Capital Investment: $750,000,000
Source of Data: The estimated value of the property tax abatement and the investment projection came from: Leslie Eaton, "Kansas City, Kan., Plans $775 Million of Taxable Debt for General Motors," The Bond Buyer, May 7, 1985.
Notes: The city agreed to issue $775 million in taxable debt to enable General Motors to qualify for the property tax abatement. The estimate of the abatement's value was for a ten-year period. 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.