CONTRACTAPPROVED

Kokomo & Howard County Governmental Coordinating Council Awards Tax Abatement Contract to STELLANTIS (May 2023)

Kokomo & Howard County Governmental Coordinating Council logoKokomo & Howard County Governmental Coordinating Council
Disclosed value
$155M
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 (EDM) at its Kokomo, Indiana facilities, retaining 262 jobs with salaries totaling $17.5M.

Who holds it

STELLANTIS holds this tax abatement contract with Kokomo & Howard County Governmental Coordinating Council. 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
$155M
Document date
May 8, 2023
Term
10 years
Source document
kokomo-howard-county-governmental-coordinating-councilmeeting-minutes2023-05-08_a11.pdf (Meeting Minutes)

STELLANTIS's other public contracts

More Kokomo & Howard County Governmental Coordinating Council contracts

Questions about this contract

Who was awarded the tax abatement contract by Kokomo & Howard County Governmental Coordinating Council?

STELLANTIS was awarded this tax abatement contract by Kokomo & Howard County Governmental Coordinating Council, as recorded on May 8, 2023. The contract value is $155M.

How much is the STELLANTIS contract with Kokomo & Howard County Governmental Coordinating Council worth?

The STELLANTIS contract with Kokomo & Howard County Governmental Coordinating Council is valued at $155M, 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 kokomo-howard-county-governmental-coordinating-councilmeeting-minutes2023-05-08_a11.pdf (Meeting Minutes), dated May 8, 2023 from Kokomo & Howard County Governmental Coordinating Council. 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 Kokomo & Howard County Governmental Coordinating Council currently buying?

Explore Kokomo & Howard County Governmental Coordinating Council's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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