Subsidy Tracker Individual Entry

Company: 
AutoAlliance International (now Ford Motor)
Parent Company: 
Ford Motor
Subsidy Source: 
multiple
Location: 
Michigan
City: 
Flat Rock
Project Description: 

expansion of automobile assembly plant

Year: 
2002
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$125,900,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
1,400
Capital Investment: 
$644,000,000
Source of Data: 

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.

Notes: 

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.

Source Notes: 
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