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Subsidy Tracker Individual Entry

Company: 
GD Copper
Parent Company: 
Golden Dragon Precise Copper Tube Group
Subsidy Source: 
multiple
Location: 
Alabama
City: 
Sunny South
County: 
Wilcox
Project Description: 

copper tubing manufacturing plant

Year: 
2014
Major Industry of Parent: 
metals
Specific Industry of Parent: 
metal products
Subsidy Value: 
$202,100,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
300-500
Wage Data: 
$15
Wage Data Type: 
estimated hourly wage
Capital Investment: 
$100,000,000
Source of Data: 

The breakdown of the subsidy package and the jobs, wages and investment data are taken from: Dawn Kent Azok, "New business for Alabama's Black Belt: Chinese manufacturer opens plant, plans future expansions," AL.com, May 28, 2014; available at: http://www.al.com/business/index.ssf/2014/05/chinese_copper_manufacturer... see also: Michael Tomberlin, "Enter Golden Dragon with Wilcox County plant," Birmingham News, February 8, 2012. For an "aid intensity" analysis of the deal, see: Kenny Thomas "Another Day, Another Bad Incentive Deal" posted June 4, 2014 on the Middle Class Political Economist blog; available at: http://www.middleclasspoliticaleconomist.com/2014/06/another-day-another...

Notes: 

For locating in the poorest county in the state, Alabama offered the company a package of state and local subsidies: up to $160 million over 20 years in capital income credits; $20 million in state discretionary grants; $8.5 million in property tax abatements; $5.7 million in site preparation and road improvements from Alabama DOT and from localities; $5.1 million in sales and use tax abatements; $1.8 million in worker training from AITD; and $1 million to purchase and prepare the site. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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