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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: 
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: If an online information source is not working, check the Tracker inventory page for an updated link.