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: 
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