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