Subsidy Tracker Individual Entry
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:
MEGADEAL 
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.
