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Subsidy Tracker Individual Entry

Company: General Electric
Parent Company: General Electric
Subsidy Source: state
Location: Michigan
City: Van Buren
County: Wayne
Project Description: advanced manufacturing technology and software development center
Year: 2009
Major Industry of Parent: diversified
Specific Industry of Parent: diversified
Subsidy Value: $76,200,000
Subsidy Value in 2023 Dollars: $108,791,420
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Number of Jobs or Training Slots: 1,100
Capital Investment: $100,000,000
Source of Data: The value of all tax credits and the job and investment projections were taken from: Dustin Walsh, "GE targets homegrown talent in hiring blitz," Crain's Detroit Business, August 29, 2011.
Notes: In 2009 General Electric announced construction of an advanced manufacturing technology and software development center in Van Buren Township. From the state the company received $73.9 million in MEGA (Michigan Economic Growth Authority) business tax credits paid over 12 years (listed separately in the main Subsidy Tracker data in the 2009 entry for the program). In 2010 the company received an additional $2.3 million in unspecified tax credits for aviation work at the same campus. (In 2009, the federal government granted GE $4.5 million in a stimulus grant; not included in the total). The job and investment projections represent GE's commitment from 2009.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.