Subsidy Tracker Individual Entry
expansion of automobile assembly plant
The value of the subsidy and the new-job and investment projections came from: R.J. King, "Ford plan rejuvenates Flat Rock Mazda plant," Detroit News, August 14, 2002.
The Michigan Economic Development Corporation provided a 20-year single-business-tax credit worth an estimated $94.9 million, and the city of Flat Rock approved a 12-year property tax abatement worth an estimated $31 million. AutoAlliance was a joint venture owned by Ford Motor and Mazda Motor; it was established in 1992 to run the Flat Rock plant, which Mazda had opened on its own in 1987 (after receiving a $125 million subsidy package--see the entry under Mazda). Ford took full control of the plant in 2012. Overlaps with main Subsidy Tracker data: 1997 and 2003 entries for the Industrial Facilities Tax Exemption program for AutoAlliance, but without subsidy amounts.