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Subsidy Tracker Individual Entry

Company: Novelis
Parent Company: Aditya Birla Group
Subsidy Source: multiple
Location: Alabama
City: Bay Minette
County: Baldwin
Project Description: Aluminum plant
Year: 2022
Major Industry of Parent: diversified
Specific Industry of Parent: diversified
Subsidy Value: $338,300,000
Subsidy Value in 2023 Dollars: $352,255,365
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Number of Jobs or Training Slots: 1,000
Wage Data: $65,000
Wage Data Type: Average annual wage
Capital Investment: $2,500,000,000
Source of Data: The deal details were taken from: John Sharp, "$2.5 billion Alabama aluminum plant: $123 million in county incentives, $5 million from Bay Minette," AL.com, October 7, 2022: (click here). The county investment in the mega site was mentioned in a letter from the Chairman of the Baldwin County Commission to the Alabama Department of Transportation, attached to the 7/18/2023 Baldwin County Commission Regular meeting: (click here). The CDBG award was taken from a January 19, 2023, announcement "Gov. Ivey awards $2.5 million grant to create jobs in Baldwin County," posted to the Alabama Department of Economic and Community Affairs website: (click here)
Notes: Novelis will build an aluminum manufacturing plant at the South Alabama Mega Site. It was reported that Baldwin County spent $75 million developing the site for an industrial project. Because Novelis will directly and exclusively benefit from this public investment, we are including the $75 million investment in the package total. In addition, it was reported that the county will provide approximately $123 million in direct subsidies to Novelis: $50 million in property tax abatements, $48 million in sales tax exemptions, and an additional $26 million for infrastructure improvements. The city of Bay Minette will provide a $5 million grant. The company will benefit from state subsidies too: $104 million will come from investment tax credits and $17.5 million from job creation tax credits, both over 10 years. There is also a $7 million grant for capital improvements and $6.8 million for workforce training via AIDT. The company also received a $2.5 million federal CDBG grant (not included in the total). Overlaps with the main data: none.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.