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MegadealsSubsidy 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
Subsidy Value in 2023 Dollars: $214,430,895
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: If an online information source is not working, check the Tracker
inventory page for an updated link.