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