Subsidy Tracker Individual Entry

Company: 
BMW
Parent Company: 
BMW
Subsidy Source: 
multiple
Location: 
South Carolina
City: 
Greer
Project Description: 

automobile assembly plant expansion

Year: 
2002
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$103,500,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
400
Capital Investment: 
$400,000,000
Source of Data: 

The value and details of the subsidy package and the job and investment projections are taken from: "South Carolina Department of Commerce seeks approval of $103.5 million incentive package for BMW Manufacturing," BMW Manufacturing News Center, December 2, 2003; available online at: https://www.bmwusfactory.com/bmw_articles/south-carolina-department-of-c.... See also: Rudolph Bell, "BMW eyes partners for auto park," The Greenville News, December 4, 2003 and Rudolph Bell, "BMW project gets green light," The Greenville News, December 10, 2003.

Notes: 

The $103.5 million subsidy package for the BMW facility expansion included: $40 million for I-85 improvements; $25 million for a Graduate Engineering Center at the Clemons University and $1.5 million for land costs associated with the Center; $15 million for the BMW Information Technology Research Center located at Clemons University; $16.9 million for a Development Center and Testing Facility located at the BMW complex; $3.8 million for other land purchases; and $1.3 million for other site preparation. The incentive package came out of the Economic Development Bond Act that the state passed in 2002 with BMW and another automaker in mind. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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