Subsidy Tracker Individual Entry
automobile assembly plant
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...
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.