Subsidy Tracker Individual Entry

Company: 
Ford Motor
Parent Company: 
Ford Motor
Subsidy Source: 
state
Location: 
Missouri
City: 
Claycomo
Project Description: 

retention of an automobile assembly plant

Year: 
2010
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$150,000,000
Program Name: 
Missouri Automotive Manufacturing Jobs
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
3,900
Source of Data: 

The value and detail of the subsidy package are taken from: Jason Noble, "Missouri governor today will sign bill for $150 million in automaker tax breaks," The Kansas City Star, July 15, 2010 (for details on the Missouri Automotive Manufacturing Jobs Act, see July 15, 2010 press release issued by Gov. Jay Nixon; available online at: http://governor.mo.gov/newsroom/2010/House_Bill_2).

Notes: 

In July 2010, Missouri Legislature passed and Gov. Nixon signed the Missouri Automotive Manufacturing Jobs Act. The program was created to encourage Ford Motor to retain 3,900 jobs at the Claycomo plant. Ford became eligible to retain $15 million per year, or $150 million over 10 years, in workers' withholding taxes. Ford's suppliers also became eligible for the program. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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