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MegadealsSubsidy Tracker Individual Entry
Company: Ford Motor
Parent Company:
Ford Motor
Subsidy Source: multiple
Location: Michigan
Project Description: traditional and EV car production expansion
Year: 2022
Major Industry of Parent: motor vehicles
Specific Industry of Parent: motor vehicles
Subsidy Value: $150,000,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL
Number of Jobs or Training Slots: 2,000
Capital Investment: $2,000,000,000
Source of Data: The deal details are taken from: Phoebe Wall Howard and Dave Boucher, "Ford investing $3.7B to create 6,200 jobs in Michigan, Ohio, Missouri," Detroit Free Press, June 2, 2022:
(click here)
Notes: In June 2022, Ford announced investments across Michigan, Ohio, and Missouri. Michigan provided the company a $100 million grant through Critical Industry Program and$50 million in property tax exemptions. The company will invest in several locations across the state (Dearborn, Wayne, Flat Rock, Monroe) creating approximately 2,000 jobs. The company investment is to produce EVs as well as traditional cars. See related Ohio megadeal; Missouri did not offer subsidies. Overlaps with main data: A $100.8 million Critical Industry Program grant, a $17 million Industrial Property Tax Abatement, and a $34.4 million State Essential Services Assessment; all awarded in FY 2023.
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