Subsidy Tracker Individual Entry

Company: 
Federal-Mogul (now owned by Icahn Enterprises)
Parent Company: 
Tenneco
Subsidy Source: 
state
Location: 
Michigan
Project Description: 

retention of auto parts plants

Year: 
2004
Major Industry of Parent: 
automotive parts
Specific Industry of Parent: 
automotive parts
Subsidy Value: 
$65,000,000
Program Name: 
Single Business Tax Incentive
Awarding Agency: 
Michigan Economic Development Corporation
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
790
Source of Data: 

The value of the subsidy package and the projected number of jobs to be retained at several plants in the state came from: "Tax Break Goes to Federal-Mogul," Grand Rapid Press, December 15, 2004.

Notes: 

The subsidy, along with $9 million in contract concessions by workers, was supposed to discourage the company from moving work to Mexico. Federal-Mogul shifted some work nonetheless. In 2009 the state allowed the company to keep its full tax break despite the reduced workforce. See "Federal Mogul Can Drop Jobs," Grand Rapid Press, July 22, 2009. Overlap with main Subsidy Tracker data: none.

Source Notes: 
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