Subsidy Tracker Individual Entry
automobile assembly plant
The subsidy value and the jobs and investment projections came from a May 12, 1999 press release issued by the Michigan Economic Development Corporation; online at http://www.michiganadvantage.org/Press-Releases/All-in-a-Day-s-Work-4072...
The package, assembled for a plant that was to produce luxury cars such as the Cadillac Catera, consisted of a $73 million MEGA tax credit; a property tax abatement worth $12.7 million; $10 million in infrastructure assistance; $2.2 million in training assistance; and a $1 million low-interest loan for environmental clean-up. 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: none.