Subsidy Tracker Individual Entry
Chevrolet Volt electric car production facilities
The state portion of the package came from a September 23, 2008 press release issued by the Michigan Economic Development Corporation; online at http://www.michiganadvantage.org/Press-Releases/Governor-Announces-Over-.... The Detroit property tax abatement was reported by: Zachary Gorchow, "Detroit Council Grants Tax Break for GM Plant," Detroit Free Press, September 30, 2008.
The Michigan Economic Development Corporation provided $122.5 million in MEGA tax credits and a $10 million brownfield tax credit for various Volt facilities. The Detroit City Council approved a $136 million property tax abatement. Flint also approved an abatement, but its value was not reported. Overlaps with main Subsidy Tracker data: none.