Subsidy Tracker Individual Entry
Company:
Ford Motor
Parent Company:
Ford Motor
Subsidy Source:
multiple
Location:
Michigan
City:
Wayne
Project Description:
automobile assembly plant
Year:
2009
Major Industry of Parent:
motor vehicles
Specific Industry of Parent:
motor vehicles
Subsidy Value:
$174,700,000
Program Name:
multiple
Awarding Agency:
multiple
Type of Subsidy:
MEGADEAL 
Number of Jobs or Training Slots:
4,700
Capital Investment:
$550,000,000
Source of Data:
The subsidy values and the (new) jobs and investment projections came from a May 6, 2009 press release issued by the office of then-Gov. Jennifer Granholm; online at http://www.michiganadvantage.org/Press-Releases/Granholm--Ford-Chooses-M...
Notes:
The package--which was offered in connection with the company's plan to convert an assembly plant that had been making large-body vehicles into one for smaller and more fuel-efficient ones (including Ford's first battery vehicle)--included: a MEGA tax credit worth $123 million; a $30 million brownfield tax credit; a local property tax abatement worth $15.3 million; and $6.4 million in state and local tax capture. Deal documents have been posted by the Mackinac Center at http://www.mackinac.org/directory.aspx?location=archives/fpi/mega/ Overlaps with main Subsidy Tracker data: a $176.5 million MEGA entry for 2009; two brownfield tax credit entries: $30 million for 2009 and $10 million for 2010; and a $5.6 million brownfield TIF entry for 2009.
Source Notes:
If an online information source is not working, check the Tracker inventory page for an updated link.
