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MegadealsSubsidy Tracker Individual Entry
Company: Pfizer
Parent Company:
Pfizer
Subsidy Source: multiple
Location: Michigan
City: Ann Arbor
Project Description: expansion of pharmaceutical research center
Year: 2001
Major Industry of Parent: pharmaceuticals
Specific Industry of Parent: pharmaceuticals
Subsidy Value: $84,200,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL (Archived)
Number of Jobs or Training Slots: 600
Capital Investment: $600,000,000
Source of Data: The value and the breakdown of the subsidy package and the job and investment projections are taken from: R.J. King, "State tax credits seal Pfizer Inc. lab expansion," The Detroit News, November 21, 2001.
Notes: The package included state and local subsidies: a state Single Business Tax credit worth $25.8 million over 20 years; $10.7 million in state-level property tax abatements over 12 years; and local property tax abatements worth about $47.7 million over 12 years. Overlaps 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.