Company: General Motors Parent Company: General Motors Subsidy Source: multiple Location: Michigan City: Detroit And Flint Project Description: Chevrolet Volt electric car production facilities Year: 2008 Major Industry of Parent: motor vehicles Specific Industry of Parent: motor vehicles Subsidy Value: $268,500,000 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
Source of Data: The state portion of the package came from a September 23, 2008 press release issued by the Michigan Economic Development Corporation; online at (click here). The Detroit property tax abatement was reported by: Zachary Gorchow, "Detroit Council Grants Tax Break for GM Plant," Detroit Free Press, September 30, 2008. Notes: 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. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.