Subsidy Tracker Individual Entry

Company: 
Ford Motor
Parent Company: 
Ford Motor
Subsidy Source: 
multiple
Location: 
Michigan
City: 
Dearborn
County: 
Wayne
Project Description: 

new auto assembly plant

Year: 
2000
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$222,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Capital Investment: 
$2,000,000,000
Source of Data: 

The subsidy value and investment projection came from: Jeffrey McCracken, "Tax break to help Rouge plant; $222-million assist planned for Ford project," Detroit Free Press, November 3, 2000. For more details on the state portion, see the November 3, 2000 Michigan Economic Development Corporation press release posted at http://www.michiganadvantage.org/Press-Releases/Up-to-3800-Ford-Jobs-Ret...

Notes: 

The governments of Michigan, Wayne County and Dearborn put together the subsidy package in return for Ford's commitment to spend $2 billion to build a new assembly operation at the historic Rouge complex. The state provided $147 million in tax credits plus $9 million in training assistance. The city of Dearborn and Wayne County provided a $66 million personal property tax abatement over 12 years. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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