Subsidy Tracker Individual Entry

Company: 
Nexteer Automotive Corporation
Subsidy Source: 
state
Location: 
Michigan
City: 
Saginaw
Address: 
3900 Holland road Saginaw
Zip: 
48601
Project Description: 

Since the assignment and amendments to the MBT Tax Credit the company has an opportunity for new electric power steering (EPS) and steering column/intermediate shaft manufacturing programs at the Buena Vista Township facility. . The company has indicated that the new EPS and steering column production could be done at any of its global locations. The company estimates that the new production will require an estimated $36 million of investment and result in the creation of 325 jobs by December 31, 2015. In order to make the Buena Vista site feasible the company is requesting assistance from the MEDC.

Year: 
2013
Major Industry of Parent: 
aerospace and military contracting
Specific Industry of Parent: 
aerospace & military contracting
Subsidy Value: 
$74,683,770
Program Name: 
MEGA (Michigan Economic Growth Authority) Tax Credits
Awarding Agency: 
Michigan Economic Development Corporation
Type of Subsidy: 
tax credit/rebate
Number of Jobs or Training Slots: 
320
Notes: 

Year is fiscal year. Jobs is sum of new and retained positions.

Source Notes: 
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