Basic Search
|
Geographic Searches
|
Advanced Search |
MegadealsSubsidy Tracker Individual Entry
Company: DaimlerChrysler
Parent Company:
Stellantis
Subsidy Source: multiple
Location: Missouri
City: Fenton
County: St. Louis
Project Description: automobile assembly plant
Year: 2005
Major Industry of Parent: motor vehicles
Specific Industry of Parent: motor vehicles
Subsidy Value: $78,000,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL (Archived)
Capital Investment: $1,000,000,000
Source of Data: The value of the state portion of the subsidy package is taken from: Gregory Cancelada, "Chrysler signs off on deal; Automaker has said it wants to invest up to $1 billion at plants," St. Louis Post-Dispatch, December 13, 2005. The value of the local subsidy package is taken from: Gregory Cancelada, "Fenton board OKs tax breaks for Chrysler; City hopes abatements lead automaker to go ahead with a $1 billion renovation of two plants," St. Louis Post-Dispatch, October 27, 2005.
Notes: The $78 million package included state and local subsides. The state offered $32 million--$16 million through BUILD investment tax credits and another $16 million for worker training. Fenton approved 70 percent property tax abatement worth up to $46 million over 15 years, depending on the company's investment level. In addition, St. Louis County contributed an unreported amount in infrastructure improvements. 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.