Subsidy Tracker Individual Entry
various automotive facilities
The original 2010 subsidy amount and jobs projection (including both new and retained positions) came from an October 26, 2010 press release issued by the Michigan Economic Development Corporation; online at http://www.michiganbusiness.org/press-releases/governor-granholm-announc.... The 2015 updated value of MEGA tax credit was taken from Chad Livengood, ?Ford puts up $3B for tax breaks,? The Detroit News, June 9, 2015; online at http://www.pressreader.com/usa/the-detroit-news/20150609/281505044837749...
The MEDC 2010 press release stated that the MEGA tax credit was designed to "encourage the company to expand in Michigan over competing sites in India, South Africa, Europe and Asia." The value of MEGA tax credit was originally estimated at $909 million, but it rose to $1.1 billion. In 2015, it was reported that the tax credit will actually cost the state about $2.3 billion. Overlap with main Subsidy Tracker data: a 2011 MEGA entry for $1.02 billion.