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Subsidy Tracker Individual Entry

Company: General Motors
Parent Company: General Motors
Subsidy Source: state
Location: Missouri
City: Wentzville
Project Description: an upgrade of an assembly plant
Year: 2019
Major Industry of Parent: motor vehicles
Specific Industry of Parent: motor vehicles
Subsidy Value: $50,000,000
Subsidy Value in 2023 Dollars: $59,779,138
Program Name: multiple
Awarding Agency: Missouri Legislature
Type of Subsidy: 
Capital Investment: $1,000,000,000
Source of Data: Crystal Thomas, "After 27-hour filibuster, GM incentive package passes. Parson declares victory," The Kansas City Star. May 14, 2019.
Notes: In 2019, Missouri legislators approved a bill that will provide GM with $50 million in tax credits. In return, the company will retool and upgrade its Wentzville assembly plant. At the time of the bill passing, the number of jobs GM is required to retain was not set. The company has received multiple state and local subsidy awards over the years and those awards can be found in Subsidy Tracker. This entry, however, represents a new award and thus there are no overlaps in Subsidy Tracker.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.