Company: General Motors Parent Company: General Motors Subsidy Source: state Location: Ohio City: Lordstown County: Trumbull Project Description: expansion of automobile assembly plant Year: 2008 Major Industry of Parent: motor vehicles Specific Industry of Parent: motor vehicles Subsidy Value: $82,100,000 Program Name: multiple Awarding Agency: Ohio Tax Credit Authority Type of Subsidy:
Number of Jobs or Training Slots: 3,900 Capital Investment: $317,000,000 Source of Data: The value of the subsidies and the projections for jobs (200 new and 3,700 retained) and investment came from: Mark Niquette, "State OKs tax breaks for Ford, GM plants," Columbus Dispatch, July 29, 2008. Notes: The subsidies included a 15-year state tax credit worth $77.7 million to retain jobs and a $4.4 million tax credit to create at least 200 new ones. The credits are also contained in the main Subsidy Tracker data, with the Job Retention Tax Credit amount listed as $50.4 million in 2008. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.