Subsidy Tracker Individual Entry
Company:
Chrysler
Parent Company:
Fiat Chrysler Automobiles
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
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 http://www.michiganadvantage.org/Press-Releases/Governor-Granholm-Announ...
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.
