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MegadealsSubsidy Tracker Individual Entry
Company: Lane Automotive
Parent Company:
Subsidy Source: state
Location: Michigan
City: Watervliet
Address: 8300 Lane Drive Watervliet
Zip: 49098
Project Description: CDBG- Lane Automotive, Inc. located at 8300 Lane Drive Watervliet, Michigan 49098 has outgrown its current 153,000 square foot facility and plans to expand operations to 200,000 square feet at its current site. Lane Automotive, Inc. is a supplier of performance parts and accessories for race cars, hot rods, trucks, and off-road enthusiasts. Lane Automotive???s divisions include Motor State Distributing, Allstar Performance, Lane Collectables, and the Lane Automotive Showroom. The Charter Township of Watervliet is requesting $1,900,000 in Community Development Block Grant (CDBG) funds for on the job training for Lane Automotive, Inc. Job Training Project in Berrien County, Michigan. The Charter Township expects that this project could result in private investment of $30,500,000 and the creation of 138 new jobs.
Year: 2015
Subsidy Value: $2,759,000
Program Name: Industrial Property Tax Abatement
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 138
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.