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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: renovation of auto assembly complex
Year: 2002
Major Industry of Parent: motor vehicles
Specific Industry of Parent: motor vehicles
Subsidy Value: $63,000,000
Subsidy Value in 2023 Dollars: $107,300,607
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
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: If an online information source is not working, check the Tracker inventory page for an updated link.