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Subsidy Tracker Individual Entry

Company: General Motors
Parent Company: General Motors
Subsidy Source: multiple
Location: Michigan
City: Lansing
Project Description: automobile assembly plant
Year: 1999
Major Industry of Parent: motor vehicles
Specific Industry of Parent: motor vehicles
Subsidy Value: $98,900,000
Program Name: multiple
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: 
Number of Jobs or Training Slots: 1,500
Capital Investment: $500,000,000
Source of Data: 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 (click here)
Notes: 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 (click here) Overlaps with main Subsidy Tracker data: none.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.