Subsidy 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: https://ced.ky.gov/Newsroom/NewsPage/20210928_Ford_SK. 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: 
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