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
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: 
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