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MegadealsSubsidy Tracker Individual Entry
Company: Scout Motors
Parent Company:
Volkswagen
Subsidy Source: multiple
Location: South Carolina
City: Blythewood
County: Richland
Project Description: EV factory
Year: 2023
Major Industry of Parent: motor vehicles
Specific Industry of Parent: motor vehicles
Subsidy Value: $1,300,000,000
Subsidy Value in 2023 Dollars: $1,300,000,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL
: 4,000
Wage Data: $58,000
Wage Data Type: an annual salary of an average hourly employee
Capital Investment: $2,000,000,000
Source of Data: Subsidy details: Joseph Bustos and Morgan Hughes, "SC agreed to spend $1.3B to land Scout Motors EV project in Blythewood," The State (Columbia, South Carolina). March 6, 2023. wage details: Joseph Bustos ,"Here's how SC plans to pay the $1.3B in incentives it offered EV-maker Scout," The State (Columbia, South Carolina). March 7, 2023. Both via LexisNexis.
Notes: In exchange for an electric vehicle plant, Scout Motors, a Volkswagen subsidiary, was approved (House Bill 3604 ) for $1.3 billion from the state: $650 million that will pay for highway, road and other infrastructure projects; $400 million grant directly to the for the site construction; $25 million to build Midlands Technical College training center; $16 million for property acquisition; $200 million loan for soil stabilization; and unspecified amount from Job Development Credits. In addition there are local subsidies, which value have not been disclosed: 40-year tax abatements via FILOT and SSRC. Company investment is over 13 years. Overlap with the main data: none.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.
