Company: Ford Motor Parent Company: Ford Motor Subsidy Source: multiple Location: Ohio City: Avon Lake County: Lorain Project Description: traditional and EV car production expansion Year: 2022 Major Industry of Parent: motor vehicles Specific Industry of Parent: motor vehicles Subsidy Value: $205,000,000 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
Number of Jobs or Training Slots: 1,800 Capital Investment: $1,500,000,000 Source of Data: The deal details are taken from: Phoebe Wall Howard and Dave Boucher, "Ford investing $3.7B to create 6,200 jobs in Michigan, Ohio, Missouri," Detroit Free Press, June 2, 2022: (click here) Notes: In June 2022, Ford announced investments across Michigan, Ohio, and Missouri. Ohio provided the company with a $135 million grant through Jobs Ohio and $70 million through job creation credits. Investment in Ohio is mostly for production of EVs at Avon Lake plant; the company will also add jobs at Lima engine and Sharonville transmission plants. See related Michigan megadeal; Missouri did not offer subsidies. Overlaps with main data: 2022 Job Creation Tax Credit ($70M). Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.