Subsidy Tracker Individual Entry

Company: 
General Motors
Parent Company: 
General Motors
Subsidy Source: 
local
Location: 
Michigan
City: 
Warren
Project Description: 

expansion and renovation of GM's Tech Center

Year: 
2015
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$97,100,000
Program Name: 
Industrial Facilities Property Tax Exemption
Awarding Agency: 
Warren City Council
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
2,600 new; 3,860 retained
Capital Investment: 
$419,437,940
Source of Data: 

The value of the subsidy package was taken from: Melissa Burden, "Warren expansion may get $97M deal," The Detroit News, April 30, 2015; online at: http://www.detroitnews.com/story/business/autos/general-motors/2015/04/2.... Jobs and investment are based on minutes of a special meeting of the Warren City Council on April 21, 2015; online at http://www.cityofwarren.org/images/stories/city-council/agenda/4_21_15_S...

Notes: 

The local subsidy package for GM is in the form of three 50-percent tax abatements, each for up to 14 years. The value of the tax abatements is approximated. Overlap with main Subsidy Tracker data: none.

Source Notes: 
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