Subsidy Tracker Individual Entry

Company: 
General Motors
Parent Company: 
General Motors
Subsidy Source: 
multiple
Location: 
Missouri
City: 
Wentzville
Project Description: 

expansion of motor vehicle assembly plant

Year: 
2011
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$336,800,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
1,260
Capital Investment: 
$380,000,000
Source of Data: 

The value of the state Manufacturing Job Acts tax credits and the jobs and investment projections came from: Lisa Brown: "GM makes it official; jobs, pickup coming here," St. Louis-Post Dispatch, November 4, 2011.

Notes: 

When GM's decision to proceed with the expansion was made public in November 2011, only the value of the Manufacturing Jobs Act subsidy was announced. The company was also authorized for additional subsidies under the Missouri Quality Jobs and New Jobs Training programs. In addition, the city of Wentzville agreed to issue $300 million in Chapter 100 bonds in order to qualify the plant for a ten-year, 75 percent property tax abatement (see Lisa Brown, "Wentzville OKs tax break for GM plant," St. Louis Post-Dispatch, September 15, 2011). The bond agreement is online at http://www.google.com/url?sa=t&rct=j&q=chapter%20100%20bonds%20and%20gen.... The value of the abatement was not announced, so the face value of the bonds is added to the subsidy total here. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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