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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
Subsidy Value in 2023 Dollars: $116,806,618
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.