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MegadealsSubsidy Tracker Individual Entry
Company: Ford Motor Co.
Parent Company:
Ford Motor
Subsidy Source: state
Location: Kentucky
City: Glendale
County: Hardin
Address: near Interstate Highway 65
Project Description: two electric battery plants
Year: 2021
Major Industry of Parent: motor vehicles
Specific Industry of Parent: motor vehicles
Subsidy Value: $410,000,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL
Number of Jobs or Training Slots: 5,000
Capital Investment: $5,800,000,000
Source of Data: Morgan Watkins, "Ky. gets $5.8B Ford plants; Will employ 5,000 full time at Hardin County battery facilities," The Courier-Journal, September 28, 2021, via LexisNexis. See also September 27, 2021 Gov. Beshear press release on the Ford announcement:
(click here). On the subsidy bill, see for example: Bruce Schreiner, "Kentucky lawmakers OK incentives bill aimed at mega projects," Associated Press, September 10, 2021
Notes: In September 2021, Kentucky passed a subsidy bill that offered $410 million to projects investing over $2 billion. Later that month, Ford announced plans to build two electric battery plants in Glendale. Ford is eligible for a $250 million state forgivable loan, $36 million in workforce development ($25 million for building a training center at the site), and free land (1,500 acres). The total does not include any local subsidies or any state level tax-based subsidies that Ford might be eligible for. Overlaps with main data: none.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.