Subsidy Tracker Individual Entry

Company: 
General Motors
Parent Company: 
General Motors
Subsidy Source: 
state
Location: 
Michigan
City: 
Brownstown
Project Description: 

automotive lithium-ion battery plant

Year: 
2009
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$166,800,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Source of Data: 

The subsidy amount and breakdown came from an August 13, 2009 press release issued by the Michigan Economic Development Corporation; online at http://www.michiganadvantage.org/Press-Releases/Lt--Governor-Cherry-Hail...

Notes: 

The package consisted of $115 million in battery-pack tax credits; $45 million in vehicle-engineering credits; and another $6.8 million state tax credit. Overlap with main Subsidy Tracker data: a $115 million battery tax credit for 2009.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.