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Subsidy Tracker Individual Entry

Company: General Motors
Parent Company: General Motors
Subsidy Source: multiple
Location: Kansas
City: Kansas City
Project Description: expansion of motor vehicle assembly plant
Year: 2006
Major Industry of Parent: motor vehicles
Specific Industry of Parent: motor vehicles
Subsidy Value: $156,000,000
Subsidy Value in 2023 Dollars: $237,033,480
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
MEGADEAL

Capital Investment: $208,000,000
Source of Data: The value of the bonds and other subsidy details as well as the investment projection came from: Randolph Heaster, "Fairfax will get upgrade," Kansas City Star, December 19, 2006.
Notes: The package included $146 million in industrial revenue bonds that enabled a property tax abatement (the value of which was not announced) as well as machinery and equipment tax exemptions worth $10 million. The subsidy total here includes the $140 million value of the bond issue. Overlap with main Subsidy Tracker data: $226,400 Kansas Industrial Training entry for 2010.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.