Home » NEWS » Manufacturing » Study says Nissan subsidies total $1.33B; MDA says overestimated

Study says Nissan subsidies total $1.33B; MDA says overestimated

CANTON — A study paid for by the United Auto Workers finds state and local governments may provide Nissan Motor Co.’s Mississippi plant with nearly $850 million in tax breaks over 30 years, plus $400 million in cash aid.

The report estimates Mississippi will pay $90 million in interest on money borrowed to aid Nissan, bringing total subsidies to $1.33 billion.

Conducted by Good Jobs First, the study was released today by a group asking Nissan to let the UAW court workers without company opposition. An advance copy was provided to The Associated Press.

Kathy Gelston of the Mississippi Development Authority says the report overestimates tax subsidies, and says if Mississippi hadn’t aided Nissan, there would be no taxes to collect.

A Nissan spokesman says the company will respond later.


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

One comment

Leave a Reply