Subsidy Tracker Individual Entry

Company: 
Detroit Diesel Corporation
Parent Company: 
Daimler
Subsidy Source: 
state
Location: 
Michigan
City: 
Detroit
Address: 
13400 West Outer Drive Detroit
Zip: 
48239
Project Description: 

Michigan Business Development Program - Detroit Diesel Corporation, a member of the Daimler group, is a leading manufacturer of heavy duty diesel engines for the commercial truck market headquartered in Detroit. DDC plans to expand manufacturing and assembly capacity at its current facility in Redford Township to include production of the new asymmetric turbocharger as well as truck transmission assembly. The company plans to invest up to $77.2 million and create 50 new jobs, resulting in a $250,000 Michigan Business Development Program incentive. DDC is moving the turbocharger production to Michigan from its current location in China. A sister facility in Mexico was also considered. Redford Township has offered a 12-year property tax abatement valued at $6.6 million.

Year: 
2013
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$4,160,000
Program Name: 
Special Tooling Property Tax Exemption
Awarding Agency: 
Michigan Economic Development Corporation
Type of Subsidy: 
tax credit/rebate
Number of Jobs or Training Slots: 
79
Notes: 

Year is fiscal year. Jobs is sum of new and retained positions.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.