Basic Search  |  Geographic Searches  |  Advanced Search | Megadeals

Subsidy Tracker Individual Entry

Company: Nissan North America
Parent Company: Nissan
Subsidy Source: multiple
Location: Mississippi
City: Canton
County: Madison
Project Description: automaking facility upgrade for making EVs
Year: 2023
Major Industry of Parent: motor vehicles
Specific Industry of Parent: motor vehicles
Subsidy Value: $50,000,000
Subsidy Value in 2023 Dollars: $50,000,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Capital Investment: $500,000,000
Source of Data: Alex Rozier, "Nissan Will Build New Electric Vehicles in Mississippi, The State Where They're the Least Popular To Own", Mississippi Today, March 4, 2022; via LexisNexis. Limited information on the approval of the payment in lieu of taxes is available in the minutes of the board of supervisors of Madison County, Mississippi, regular meeting of December 19, 2022: (click here)
Notes: Nissan will upgrade the existing automaking facility to produce EVs. The Mississippi Development Authority provided the company with a $49.5 million grant that will be used to retrain 2,000 workers, purchase equipment and improve the site. In addition, Madison County approved a payment in fee of taxes agreement with the company but details of the agreement, including subsidy total, has not been disclosed. According to the 2022 Mississippi Incentive Report, the project will not create any new jobs. Overlaps with main data: a 2022 entry for $49.5 million through Industry Incentive Financing Revolving Fund.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.