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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.