Subsidy Tracker Individual Entry
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.
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.