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:
If an online information source is not working, check the Tracker inventory page for an updated link.
