Company: Nissan Parent Company: Nissan Subsidy Source: state Location: Tennessee City: Decherd And Smyrna Project Description: expansion of Smyrna assembly plant and Decherd engine plant Year: 2000 Major Industry of Parent: motor vehicles Specific Industry of Parent: motor vehicles Subsidy Value: $200,000,000 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
Number of Jobs or Training Slots: 2,000 Wage Data: $20-$25 Wage Data Type: starting hourly wage Capital Investment: $1,000,000,000 Source of Data: The subsidy value is taken from: Bush Bernard, "$200 Million Tax Credit for Nissan," Nashville Business Journal, July 28, 2000 . The job, wage and investment projections are taken from: Lucas L. Johnson II, "Nissan Plans $1 Billion Investment; Expansion Intended for Engine, Transaxle Plant," Chattanooga Times Free Press, July 21, 2000. Notes: The $200 million subsidy package included tax credits over 20 years for two plants. Nissan was eligible for newly created tax credit worth $5,000 for each new job. The expansion took place over four years. 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.