Subsidy Tracker Individual Entry

Company: 
BMW
Parent Company: 
BMW
Subsidy Source: 
multiple
Location: 
South Carolina
County: 
Spartanburg
Project Description: 

automobile assembly plant

Year: 
1992
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$150,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Source of Data: 

The value and breakdown of the subsidy package are taken from: Ted Evanoff, "Auto-plant incentives: S.C. first with the most," The (Memphis) Commercial Appeal, October 25, 1992.

Notes: 

The subsidy package included about $30 million in state job creation tax credits over 20 years and 20-year county property tax abatements worth about $41 million. The Ports Authority and the county spent about $36 million to buy the land for the plant. Another $23 million was committed through federal grants for infrastructure improvements. The source of the remaining $20 million was not specified. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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