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City of Kokomo Awards $155,000,000 Tax Abatement Contract to STELLANTIS (May 2023)

City of Kokomo logoCity of Kokomo
Disclosed value
$155,000,000
From meeting minutes
Approved
May 8, 2023
Term
10 years

The 30-second brief

What it covers

Stellantis receives a 10-year tax abatement for $155M investment in new manufacturing equipment to produce electric drive modules, retaining 262 jobs with $17.5M total salaries.

Who holds it

STELLANTIS holds this tax abatement contract with City of Kokomo. Its other public contracts on record include work for Grand County and City of Auburn Hills.

What happens next

Term as filed: 10 years.

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Contract details

Contract type
Tax Abatement
Amount
$155,000,000
Document date
May 8, 2023
Term
10 years
Vendor
STELLANTIS
Agency
City of Kokomo
Source document
city-of-kokomo-meeting-minutes-2023-05-08_52c.pdf (Meeting Minutes)

STELLANTIS's other public contracts

Grand County, UtahStellantis Partners With Sand Flats For Jeep Media Event · Aug 4, 2026UndisclosedCity of Auburn Hills, MichiganCouncil to Approve Purchase of Stellantis Vehicles · Apr 4, 2026UndisclosedCity of Sterling Heights, MichiganStellantis Collaborates on City Beautification and Tree Planting · Jan 27, 2026UndisclosedTown of Sylvan, MichiganStellantis Receives One-Year Extension for Parking Lot Project · Sep 18, 2025UndisclosedCity of Sterling Heights, MichiganStellantis Donates for Sterlingfest Fair · Jun 3, 2025$10KAll STELLANTIS contractsVendor profile

More City of Kokomo contracts

St. Joan Apartments LLCKokomo Considers $1.2 Million St. Joan Financing · Sep 28, 2026St. Joan Apartments LLCKokomo Approves $1.2 Million St. Joan Loan · Sep 28, 2026St. Joan Apartments LLCKokomo Approves $1.2 Million St. Joan Redevelopment Loan · Sep 14, 2026G1 Construction IncG1 Construction Named in Development Plan Petition · Sep 8, 2026UndisclosedG1 Construction IncG1 Construction Seeks Sangsin Warehouse Plan Approval · Aug 26, 2026UndisclosedAll City of Kokomo activityAgency profile

Questions about this contract

Who was awarded the tax abatement contract by City of Kokomo?

STELLANTIS was awarded this tax abatement contract by City of Kokomo, as recorded on May 8, 2023. The contract value is $155,000,000.

How much is the STELLANTIS contract with City of Kokomo worth?

The STELLANTIS contract with City of Kokomo is valued at $155,000,000, covering tax abatement work.

What type of contract is this?

This is a Tax Abatement contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in city-of-kokomo-meeting-minutes-2023-05-08_52c.pdf (Meeting Minutes), dated May 8, 2023 from City of Kokomo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does STELLANTIS hold?

STELLANTIS may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Kokomo currently buying?

Explore City of Kokomo's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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