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MegadealsSubsidy Tracker Individual Entry
Company: Infineon Technologies North America Corp.
Parent Company:
Infineon Technologies
Subsidy Source: state
Location: Michigan
City: Livonia
Address: 19111 Victor Dr Livonia
Zip: 48150
Project Description: Infineon Technologies North America Corp. relocated and expanded its Automotive and Industrial Group in Livonia. Infineon Technologies North America Corp., headquartered in San Jose, California, is the principal U.S. subsidiary of Infineon Technologies AG. Founded in 1999, the German-based company is the world???s second largest provider of semiconductors for automobile systems. The company plans to invest $14 million in qualified capital investment which will create at least 30 new high tech jobs over five years. The company was offered a 10 year Property Tax Abatement under PA 198 of 1974 from the City of Livonia. The MEDC abated all of the 6-mill State Education Tax to support the project growth in Michigan alongside the PA 198.
Year: 2013
Major Industry of Parent: electrical and electronic equipment
Specific Industry of Parent: semiconductors
Subsidy Value: $231,000
Program Name: State Education Tax 6 Mills Tax Exemption
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 113
Source of Data:
(click here)
Notes: Year is fiscal year. Jobs is sum of new and retained positions.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.