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MegadealsSubsidy 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: If an online information source is not working, check the Tracker
inventory page for an updated link.