Subsidy Tracker Individual Entry

Company: 
Nissan
Parent Company: 
Nissan
Subsidy Source: 
multiple
Location: 
Tennessee
City: 
Franklin
County: 
Williamson
Project Description: 

North American headquarters of automobile company

Year: 
2005
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$230,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
1,275
Capital Investment: 
$70,000,000
Source of Data: 

The value and the breakdown of the subsidy package and the job and investment projections are taken from: Bush Bernard and Kevin Walters, "Nissan gets $155,000 per job in incentives," The Tennessean, November 16, 2005.

Notes: 

The subsidy package--offered to get Nissan to relocate its North American headquarters from California--included : $80.3 million in enhanced jobs tax credits; $63.75 million in relocation assistance (up to $50,000 per job); $23 million for site costs; $6 million for temporary office space; $5.5 million in headquarters tax credits: $2.97 million in recruitment, screening and training; $1 million in FastTrack job training funds; and a $175,000 industrial machinery tax credit. Williamson County agreed to property tax abatements worth $32.5 million over 30 years, a portion of which is listed in Subsidy Tracker under the 2011 entry for County PILOT agreements for Williamson County. The Franklin Industrial Development Board issued $15 million in bonds for land acquisition. Some of the state-level subsides are paid over 20 years. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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