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Subsidy Tracker Individual Entry

Company: Fiat Chrysler
Parent Company: Stellantis
Subsidy Source: multiple
Location: Michigan
City: Detroit
County: Wayne
Project Description: conversion of two existing plants into a new Jeep assembly plant
Year: 2019
Major Industry of Parent: motor vehicles
Specific Industry of Parent: motor vehicles
Subsidy Value: $405,000,000
Subsidy Value in 2023 Dollars: $484,211,016
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Number of Jobs or Training Slots: 3,850
Wage Data: $19.25
Wage Data Type: average hourly wage
Capital Investment: $1,600,000,000
Source of Data: The details of the package were taken from: Breana Noble, "Mack Engine expansion gets $93M more in incentives, The Detroit News, July 23, 2019. Accessed via LexisNexis. Michigan Strategic Fund 2019 Annual Report includes some components of the package: (click here)
Notes: The Michigan Strategic Fund board approved various tax subsidies for Fiat Chrysler valued at $223.5 million. Additionally, $92.9 million was approved in brownfield tax-increment financing. The Michigan Department of Environment provided $38 million from its Great Lakes and Energy programs. The city's package was estimated at $50.6 million and included $36 million from bond funds, a $7.5 million loan to the Detroit Brownfield Redevelopment Authority and $7.1 million from the sale of the city's Millennium Garage. As a part of its community benefits agreement, the company committed to local hiring. Overlap with Subsidy Tracker main data: none.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.