Subsidy Tracker Individual Entry

Company: 
Toyota
Parent Company: 
Toyota
Subsidy Source: 
state
Location: 
Kentucky
City: 
Georgetown
Project Description: 

auto assembly plant expansion

Year: 
2013
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$146,500,000
Program Name: 
Kentucky Jobs Retention Act
Awarding Agency: 
Kentucky Economic Development Finance Authority
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
750
Capital Investment: 
$360,000,000
Source of Data: 

The subsidy value and the job and investment projections came from an April 19, 2013 press release posted by the Kentucky Cabinet for Economic Development at http://www.thinkkentucky.com/newsroom/NewsPage.aspx?x=04192013_toy.html

Notes: 

The state offered the Kentucky Jobs Retention Act tax credits in connection with the company's plan to begin building the Lexus ES350 at its manufacturing complex in Georgetown. Overlaps with main Subsidy Tracker data: entry with same amount.

Source Notes: 
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