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Subsidy Tracker Individual Entry

Company: Bayer CropScience
Parent Company: Bayer
Subsidy Source: multiple
Location: Alabama
City: Mobile
County: Mobile
Project Description: agri-chemical plant
Year: 2013
Major Industry of Parent: chemicals
Specific Industry of Parent: chemicals
Subsidy Value: $429,500,000
Subsidy Value in 2023 Dollars: $564,252,485
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Number of Jobs or Training Slots: 180
Wage Data: $75,000
Wage Data Type: average salary
Capital Investment: $396,000,000
Source of Data: The value of the package, including the cost of the Capital Income Tax Credit and the local subsidies, as well as jobs, wage and investment data were taken from: John Sharp, "Mobile government bodies endorse $800,000 of incentives for agri-chemical company," AL.com, May 28, 2013; available at: (click here). The value of the tax abatements was taken from: Kelli Dugan, "Company invests $500M in plant," Mobile Register, September 11, 2013.
Notes: The value of the subsidy package was reported by AL.com. The largest part of the package, about $396 million or $19.8 million for 20 years, will come from the Capital Income Tax Credit program. In addition, the city committed $300,000 and the county $500,000. The remaining source of the subsidies was not specified but another article reported $32 million in 10-year tax abatements from the Mobile County Industrial development Authority. 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.