Kokomo & Howard County Governmental Coordinating Council Awards Tax Abatement Contract to STELLANTIS (May 2023)
- Disclosed value
- $155M
- From meeting minutes
- Approved
- May 8, 2023
- Term
- 10 years
The 30-second brief
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.
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.
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
- Vendor
- STELLANTIS
- 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.