Subsidy 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 
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.
