Subsidy Tracker Individual Entry

Company: 
Volkswagen
Parent Company: 
Volkswagen
Subsidy Source: 
multiple
Location: 
Pennsylvania
County: 
Westmoreland
Project Description: 

auto assembly plant

Year: 
1976
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$100,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
5,000
Source of Data: 

The value and the breakdown of the subsidy package were taken from: Robert Goodman. The Last Entrepreneurs: America's Regional Wars for Jobs and Dollars (Simon & Schuster, 1979), pp.2-3.

Notes: 

The subsidy package, assembled by Pennsylvania to win the competition for the first foreign auto assembly plant in the U.S., included: $25 million for rail and road improvements, a $40 million low-interest loan from the state, a $6 million loan from the Pennsylvania state employees' pension fund, $3 million for training costs, and the remainder in local property tax abatements . The plant closed in 1988. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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