Subsidy Tracker Individual Entry
automobile assembly plant
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.
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.