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Subsidy Tracker Individual Entry

Company: Chrysler
Parent Company: Stellantis
Subsidy Source: state
Location: Michigan
City: Sterling Heights
Project Description: automobile assembly plant
Year: 2010
Major Industry of Parent: motor vehicles
Specific Industry of Parent: motor vehicles
Subsidy Value: $1,300,000,000
Subsidy Value in 2023 Dollars: $1,826,422,764
Program Name: MEGA (Michigan Economic Growth Authority) Tax Credits
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: 
MEGADEAL

Capital Investment: $1,000,000,000
Source of Data: The subsidy amount and investment projection came from an October 26, 2010 press release issued by the Michigan Economic Development Corporation; online at (click here)
Notes: The MEDC press release stated that the record MEGA tax credit was designed to "encourage the company to expand in Michigan over a competing site in Ohio." Overlap with main Subsidy Tracker data: a 2011 MEGA entry in the amount of $1,360,189,000.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.