ANNOUNCEMENT 26 Oct 2010In October 2010, a US state government announced a targeted tax change.
NUMBER OF INTERVENTIONS
Main data from Good Jobs First at http://www.goodjobsfirst.org/sites/default/files/docs/Megadeals_February2015.xlsx. The value of the subsidy is from an October 26, 2010 press release issued by the Michigan Economic Development Corporation available online at http://www.michiganadvantage.org/Press-Releases/Governor-Granholm-Announces-Historic-Investment-in-Michigan/
In 2010 the Michigan Economic Growth Authority granted $1.3 billion in tax credits to Chrysler to support an automotive assembly plant in Sterling Heights.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.