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.
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or XML (maximum 10,000; for access to larger downloads contact Kasia Tarczynska)
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| Company | Location | Subsidy Source | Year |
Subsidy Value |
Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|
| Wickliffe Paper Company LLC | Kentucky | state | 2008 | $25,000 | training reimbursement | |
| Verso Paper | Michigan | state | 2009 | $25,000 | training reimbursement | |
| NEWPAGE CORPORATION | Ohio | state | 2010 | $50,000 | grant | |
| NEWPAGE CORPORATION | Ohio | state | 2013 | $59,093 | grant | |
| NEWPAGE CORPORATION | Ohio | state | 2013 | $59,093 | training reimbursement | |
| New Page Holdings Inc. | Wisconsin | state | 2014 | $76,720 | cost reimbursement | |
| NewPage Corporation | Maryland | state | 2011 | $92,000 | grant/loan hybrid program | |
| NEWPAGE CORPORATION | Ohio | state | 2009 | $150,000 | grant | |
| Verso Paper | Michigan | state | 2010 | $211,000 | tax credit/rebate | |
| VERSO BUCKSPORT POWER LLC | Maine | state | 2015 | $228,966 | 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 | |
| VERSO PAPER LLC | Maine | state | 2017 | $1,047,253 | property tax abatement | |
| NEWPAGE WISCONSIN SYSTEM INC. | United States | federal | 2017 | $1,077,899 | federal grant | |
| Verso Paper | Michigan | state | 2010 | $1,104,000 | tax credit/rebate | |
| VERSO PAPER LLC | Maine | state | 2016 | $1,612,353 | property tax abatement | |
| Verso Paper | Michigan | state | 2010 | $1,849,000 | tax credit/rebate | |
| Verso Paper | Michigan | state | 2010 | $2,262,000 | tax credit/rebate | |
| VERSO PAPER LLC | Maine | state | 2015 | $2,464,498 | property tax abatement | |
| Verso Paper | Michigan | state | 2010 | $2,525,000 | property tax abatement | |
| VERSO PAPER LLC | Maine | state | 2014 | $3,212,244 | property tax abatement | |
| VERSO PAPER LLC | Maine | state | 2013 | $3,833,961 | property tax abatement | |
| NewPage Corporation | Ohio | state | 2008 | $3,943,485 | tax credit/rebate | |
| VERSO PAPER LLC | Maine | state | 2012 | $4,062,513 | property tax abatement | |
| VERSO PAPER LLC | Maine | state | 2011 | $4,302,379 | property tax abatement | |
| VERSO PAPER LLC | Maine | state | 2010 | $4,825,455 | property tax abatement | |
| VERSO PAPER LLC | Maine | state | 2009 | $5,533,062 | property tax abatement | |
| VERSO PAPER CORP. | United States | federal | 2010 | $9,356,177 | federal grant | |
| Verso Bucksport LLC | United States | federal | 2013 | $13,653,021 | federal grant | |
| Verso Quinnesec LLC | United States | federal | 2012 | $14,675,562 | federal grant |
Download results as or XML (maximum 10,000; for access to larger downloads contact Kasia Tarczynska)
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