Subsidy Tracker Individual Entry
manufacturing facility for of solar panels
Subsidy amount, jobs, and investment data was taken from: Jim Heaney, "Could SolarCity Flare Out?," City & State, 9 October 2014; online at: http://www.cityandstateny.com/2/83/infrastructure/jim-heaney-solar-city-piece.html#.VMfw42jF9Aw See also a September 23, 2014 press release from Gov. Cuomo's office; available at: https://www.governor.ny.gov/news/governor-cuomo-announces-new-solarcity-gigafactory-complex-riverbend
The $750 million subsidy package includes $350 million in cash from New York state and $400 million in loans that the state will cover through grants if the company creates the required number of jobs. In addition to the $750 million in public funding, the company will receive a break on property taxes and will be able to participate in the Start-Up New York program (amount of those subsidies have not been reported). The company promised to create 1,500 direct jobs at the facility; additional 1,500 jobs are supposed to be create through a local supply chain. Investment is the amount that the company will spend to build the facility over the next decade. Overlaps with main Subsidy Tracker data: none.