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: 
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