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.