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MegadealsSubsidy Tracker Individual Entry
Company: IBM
Parent Company:
IBM Corp.
Subsidy Source: multiple
Location: Iowa
City: Dubuque
Project Description: downtown technology services center
Year: 2009
Major Industry of Parent: information technology
Specific Industry of Parent: information technology
Subsidy Value: $53,000,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL (Archived)
Number of Jobs or Training Slots: 1,300
Source of Data: The subsidy details and job projection came from: Eller Donnelle, "State, Dubuque plan big perks to back IBM," Des Moines Register, January 16, 2009.
Notes: The subsidy package included a $12 million forgivable loan from the state, $25 million in improvements to the Roshek Building by the quasi-public entity Dubuque Initiatives and $5.6 million in local incentives, including a 20-year property tax rebate. In 2015 there was controversy over the poor job creation performance of the facility. See "Iowa Spent $50 Million to Lure IBM. Then the Firings Started," Bloomberg, May 19, 2015;
(click here). Overlaps with main Subsidy Tracker data: two Physical Infrastructure Assistance entries worth about $12 million and two training reimbursement entries worth about $10 million.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.