Subsidy Tracker Individual Entry

Company: 
General Motors
Parent Company: 
General Motors
Subsidy Source: 
state
Location: 
Ohio
City: 
Lordstown
County: 
Trumbull
Project Description: 

renovation of auto assembly complex

Year: 
2002
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$63,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Capital Investment: 
$500,000,000
Source of Data: 

The value of the subsidy package and its components as well as the projected investment amount came from: M.R. Kropko, "GM to build new small car in Lordstown, cut jobs," Associated Press, August 16, 2002.

Notes: 

The state provided tax credits worth an estimated $37 million, a $20 million grant, $4.5 million in training assistance and $1.5 million in water line improvements via a grant to Trumbull County. Overlap with main Subsidy Tracker data: none.

Source Notes: 
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