Subsidy Tracker Individual Entry

Company: 
Chrysler
Parent Company: 
Stellantis
Subsidy Source: 
multiple
Location: 
Ohio
City: 
Toledo
Project Description: 

automobile assembly plant

Year: 
1997
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$232,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Capital Investment: 
$1,200,000,000
Source of Data: 

The subsidy figure and investment projection came from: Robyn Meredith, "Chrysler Wins Incentives from Toledo," New York Times, August 12, 1997. Details on the components of the package came from: "Jeep Plant Offered $232 Million Deal to Stay in Toledo," Dayton Daily News, August 11, 1997.

Notes: 

The biggest portions of the package were: $98.1 million in state corporate income tax credits; a 10-year personal property tax exemption from the city worth an estimated $86.5 million; and a $30 million state grant for site preparation and infrastructure costs. The project involved the replacement of an existing Jeep plant with a new facility. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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