Subsidy Tracker Individual Entry

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: 
MEGADEAL
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: 
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