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
Program Name:
multiple
Awarding Agency:
multiple
Type of Subsidy:
MEGADEAL 
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: http://blog.al.com/live/2013/05/mobile_government_bodies_endor.html. 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.
