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 Summary | Subsidy Value | Number of Awards |
|---|---|---|
| State/Local | $44,505,931 | 26 |
| Federal (grants and allocated tax credits) | $38,762,659 | 4 |
| TOTAL | $83,268,590 | 30 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $0 | 0 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $0 | 0 |
| TOTAL | $0 | 0 |
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 2011.
Time Period for Federal Awards:
FY2000 to the present
Notes:
Dollar totals do not include awards for which no subsidy value is disclosed.
Links:
For a summary of this company's regulatory violations see its Violation Tracker summary page here.
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| Maine | $32,074,540 | 12 |
| Michigan | $7,976,000 | 6 |
| Ohio | $4,261,671 | 5 |
| Maryland | $92,000 | 1 |
| Wisconsin | $76,720 | 1 |
| All other | $25,000 | 1 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
Download results as 
or XML (maximum 10,000; for access to larger downloads contact Kasia Tarczynska)
or XML (maximum 10,000; for access to larger downloads contact Kasia Tarczynska)
| Company | Location | Subsidy Source |
Year |
Subsidy Value | Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|
| Wickliffe Paper Company LLC | Kentucky | state | 2008 | $25,000 | training reimbursement | |
| NewPage Corporation | Ohio | state | 2008 | $3,943,485 | tax credit/rebate | |
| Verso Paper | Michigan | state | 2009 | $25,000 | training reimbursement | |
| VERSO PAPER LLC | Maine | state | 2009 | $5,533,062 | property tax abatement | |
| NEWPAGE CORPORATION | Ohio | state | 2009 | $150,000 | grant | |
| VERSO PAPER LLC | Maine | state | 2010 | $4,825,455 | property tax abatement | |
| Verso Paper | Michigan | state | 2010 | $211,000 | tax credit/rebate | |
| Verso Paper | Michigan | state | 2010 | $2,525,000 | property tax abatement | |
| Verso Paper | Michigan | state | 2010 | $1,104,000 | tax credit/rebate | |
| Verso Paper | Michigan | state | 2010 | $2,262,000 | tax credit/rebate | |
| Verso Paper | Michigan | state | 2010 | $1,849,000 | tax credit/rebate | |
| NEWPAGE CORPORATION | Ohio | state | 2010 | $50,000 | grant | |
| VERSO PAPER CORP. | United States | federal | 2010 | $9,356,177 | federal grant | |
| VERSO PAPER LLC | Maine | state | 2011 | $4,302,379 | property tax abatement | |
| NewPage Corporation | Maryland | state | 2011 | $92,000 | grant/loan hybrid program | |
| VERSO PAPER LLC | Maine | state | 2012 | $4,062,513 | property tax abatement | |
| Verso Quinnesec LLC | United States | federal | 2012 | $14,675,562 | federal grant | |
| NEWPAGE CORPORATION | Ohio | state | 2013 | $59,093 | grant | |
| VERSO PAPER LLC | Maine | state | 2013 | $3,833,961 | property tax abatement | |
| NEWPAGE CORPORATION | Ohio | state | 2013 | $59,093 | training reimbursement | |
| Verso Bucksport LLC | United States | federal | 2013 | $13,653,021 | federal grant | |
| VERSO PAPER LLC | Maine | state | 2014 | $3,212,244 | property tax abatement | |
| New Page Holdings Inc. | Wisconsin | state | 2014 | $76,720 | cost reimbursement | |
| VERSO BUCKSPORT POWER LLC | Maine | state | 2015 | $228,966 | property tax abatement | |
| VERSO PAPER LLC | Maine | state | 2015 | $2,464,498 | property tax abatement | |
| VERSO PAPER LLC | Maine | state | 2016 | $1,612,353 | property tax abatement | |
| 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 PAPER LLC | Maine | state | 2018 | $475,928 | property tax abatement | |
| VERSO PAPER LLC | Maine | state | 2019 | $475,928 | property tax abatement |
Download results as or XML (maximum 10,000; for access to larger downloads contact Kasia Tarczynska)
or XML (maximum 10,000; for access to larger downloads contact Kasia Tarczynska)
