Subsidy Tracker Individual Entry
methanol manufacturing complex
The value of the Quality Jobs and Industrial Tax Exemption subsidies came from the 2015 Louisiana Commerce & Industry Board disclosure site at http://www.opportunitylouisiana.com/docs/default-source/Performance-Reporting/c-i-board-approvals/ci_boardincentiveapprovals2015.pdf?sfvrsn=180> The value of infrastructure grants and the jobs, wage and investment projections came from a July 17, 2016 Louisiana Economic Development press release posted online at http://www.opportunitylouisiana.com/led-news/news-releases/news/2014/07/17/yuhuang-chemical-announces-capital-investment-of-$1.85-billion-in-louisiana-methanol-project
The package of state and local subsidies for a subsidiary of Shandong Yuhuang Chemical Co. includes: $1.75 million over ten years for riverfront access and development; $9.5 million over five years for infrastructure projects; $22 million via the Quality Jobs program (of which $14.5 million over ten years will come as payroll rebates and $7.5 million as sales and use tax credits); $129 million over ten years via the Industrial Tax Exemption programs. In addition, the company will receive workforce development support from LED FastStart program, which value has not been specified. Overlap with main Subsidy Tracker data: a $129,120,000 entry for Industrial Tax Exemption and a $21,958,482 entry for Quality Jobs, both for Yuhuang Chemical, Inc. in 2015.