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MegadealsSubsidy Tracker Individual Entry
Company: Ford Motor
Parent Company:
Ford Motor
Subsidy Source: multiple
Location: Michigan
City: Wayne
Project Description: retooling of automobile assembly plant
Year: 2003
Major Industry of Parent: motor vehicles
Specific Industry of Parent: motor vehicles
Subsidy Value: $90,300,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL (Archived)
Capital Investment: $583,000,000
Source of Data: The value of the subsidy and the investment projection came from: Jamie Butters, "Ford is offered credits in Wayne," Detroit Free Press, November 19, 2003.
Notes: The subsidies, offered to induce Ford to retool its Focus assembly line in Wayne, included a state single-business-tax credit worth up to $48.8 million over 20 years and a local property tax abatement worth an estimated $41.5 million over 12 years. Overlaps with main Subsidy Tracker data: none.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.