Subsidy Tracker Individual Entry
Company:
American Water Works Company
Parent Company:
American Water Works
Subsidy Source:
state
Location:
New Jersey
City:
Camden
Project Description:
HQ consolidation
Year:
2015
Major Industry of Parent:
utilities and power generation
Specific Industry of Parent:
utilities
Subsidy Value:
$164,200,000
Program Name:
Grow New Jersey Assistance Program
Awarding Agency:
Economic Development Agency
Type of Subsidy:
MEGADEAL 
Number of Jobs or Training Slots:
consolidation of 596 jobs already in the state, plus 100 new jobs
Capital Investment:
$20,000,000
Source of Data:
The subsidy package information was taken from: Leslie A. Pappas, "New Jersey Dangles $164M Incentive to Lure Water Company," Bloomberg BNA, June 18, 2015; online at http://www.bna.com/new-jersey-dangles-n17179927894/
Notes:
The New Jersey Economic Development Authority approved $164. 2 million over 10 years in business tax credit for American Water Works Company for retaining the company's HQ and jobs in the state. The company plans to consolidate in a new location five offices that it currently has in southern New Jersey. Overlaps with main Subsidy Tracker data: none.
Source Notes:
If an online information source is not working, check the Tracker inventory page for an updated link.
