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: 
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