Subsidy Tracker Parent Company Summary

Parent Company Name: 
Verso Corporation
Ownership Structure: 
publicly traded (ticker symbol VRS)
Headquartered in: 
Ohio
Major Industry: 
paper and packaging
Specific Industry: 
paper products
Subsidy SummarySubsidy ValueNumber of Awards
State/Local$43,554,07524
Federal (grants and allocated tax credits)$38,762,6594
TOTAL$82,316,73428
Loan / Bailout SummaryTotal Face ValueNumber of Awards
State/Local loans, bond financing and venture capital$00
Federal loans, loan guarantees and bailout assistance (not including repayments)$00
TOTAL$00
Time Period for State and Local Awards: 

Earliest year of data: 2008. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2010.

Time Period for Federal Awards: 

FY2000 to the present

Notes: 

Dollar totals do not include awards for which no subsidy value is disclosed.

Associated Names: 

NEWPAGE; VERSO; WICKLIFFE PAPER

Links: 

For a summary of this company's regulatory violations see its Violation Tracker summary page here.


Top 5 States for state/local awardsTotal Subsidy $Number of Awards
Maine$31,122,68410
Michigan$7,976,0006
Ohio$4,261,6715
Maryland$92,0001
Wisconsin$76,7201
All other$25,0001

Individual Subsidy Records:

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Company Location Subsidy Source Year Subsidy Valuesort icon Loan/Bailout Value Type of Subsidy
Verso Quinnesec LLC United States federal 2012 $14,675,562 federal grant
Verso Bucksport LLC United States federal 2013 $13,653,021 federal grant
VERSO PAPER CORP. United States federal 2010 $9,356,177 federal grant
VERSO PAPER LLC Maine state 2009 $5,533,062 property tax abatement
VERSO PAPER LLC Maine state 2010 $4,825,455 property tax abatement
VERSO PAPER LLC Maine state 2011 $4,302,379 property tax abatement
VERSO PAPER LLC Maine state 2012 $4,062,513 property tax abatement
NewPage Corporation Ohio state 2008 $3,943,485 tax credit/rebate
VERSO PAPER LLC Maine state 2013 $3,833,961 property tax abatement
VERSO PAPER LLC Maine state 2014 $3,212,244 property tax abatement
Verso Paper Michigan state 2010 $2,525,000 property tax abatement
VERSO PAPER LLC Maine state 2015 $2,464,498 property tax abatement
Verso Paper Michigan state 2010 $2,262,000 tax credit/rebate
Verso Paper Michigan state 2010 $1,849,000 tax credit/rebate
VERSO PAPER LLC Maine state 2016 $1,612,353 property tax abatement
Verso Paper Michigan state 2010 $1,104,000 tax credit/rebate
NEWPAGE WISCONSIN SYSTEM INC. United States federal 2017 $1,077,899 federal grant
VERSO PAPER LLC Maine state 2017 $1,047,253 property tax abatement
VERSO BUCKSPORT POWER LLC Maine state 2015 $228,966 property tax abatement
Verso Paper Michigan state 2010 $211,000 tax credit/rebate
NEWPAGE CORPORATION Ohio state 2009 $150,000 grant
NewPage Corporation Maryland state 2011 $92,000 grant/loan hybrid program
New Page Holdings Inc. Wisconsin state 2014 $76,720 cost reimbursement
NEWPAGE CORPORATION Ohio state 2013 $59,093 grant
NEWPAGE CORPORATION Ohio state 2013 $59,093 training reimbursement
NEWPAGE CORPORATION Ohio state 2010 $50,000 grant
Wickliffe Paper Company LLC Kentucky state 2008 $25,000 training reimbursement
Verso Paper Michigan state 2009 $25,000 training reimbursement
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