Subsidy Tracker Individual Entry

Company: 
Dow Kokam (previously known as KD Advanced Battery Group)
Parent Company: 
DowDuPont
Subsidy Source: 
multiple
Location: 
Michigan
City: 
Midland
County: 
Midland
Address: 
2700 S. Saginaw Road
Zip: 
48640
Project Description: 

advanced battery manufacturing

Year: 
2009
Major Industry of Parent: 
chemicals
Specific Industry of Parent: 
chemicals
Subsidy Value: 
$194,300,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
885
Capital Investment: 
$665,000,000
Source of Data: 

The initial tax credit amounts came from an April 14, 2009 press release issued by the office of then-Gov. Jennifer Granholm; the additional battery tax credit figure came from a February 25, 2010 press release issued by the governor's office. The Renaissance Zone tax break figures came from a report to the Midland City Council dated January 6, 2010; online at http://www.midland-mi.org/government/council/meetings/agenda/2010/Packet... 6.pdf

Notes: 

The subsidies included: $100 million in state battery tax credits; $44.6 million in MEGA tax credits; $42 million in additional battery tax credits; $4.3 million in Renaissance Zone property tax abatements; and $3.4 million in Renaissance Zone Michigan Business Tax breaks. Overlaps with main Subsidy Tracker data: two Battery Tax Credit entries for 2009 totaling $142 million and a $29 million MEGA entry listed for both 2009 and 2010.

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