Subsidy Tracker Individual Entry

Company: 
Polaris
Parent Company: 
Polaris Industries
Subsidy Source: 
multiple
Location: 
Alabama
City: 
Huntsville
County: 
Limestone
Project Description: 

manufacturing facility for all-terrain vehicles along with a warehouse and R&D center

Year: 
2015
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
recreational vehicles
Subsidy Value: 
$79,500,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
1,700
Wage Data: 
$18
Wage Data Type: 
minimum average wage
Capital Investment: 
$142,000,000
Source of Data: 

Subsidy information is based on two sources: Steve Doyle, "Industrial incentives valued at nearly $80M helped Huntsville land Polaris," AL.com, January 9, 2015; on-line at: http://www.al.com/business/index.ssf/2015/01/incentive_package_valued_at... and Steve Doyle, "Huntsville signs development deal with Polaris," AL.com, January 22, 2015; online at: http://www.al.com/business/index.ssf/2015/01/huntsville_signs_developmen.... The job, wage, and investment data as well as the Huntsville's subsidy amount are based on the second source.

Notes: 

The subsidy package includes $31 million in cash from the state that will reimburse the company for the plant construction costs and $20 million also from the state in customized pre-employment screening and a workforce training program. In addition, the state and local governments will abate about $9.5 million in non-education sales and property taxes over ten years. The county will pay up to $1 million for Polaris's temporary office and training spaces. The city's $18 million portion of the package includes: $14.6 million in land that the city will purchase and deed to the company; sales and property tax breaks; $800,000 in fee waivers; and expedited work on Greenbrier Parkway. The jobs figure is the total number of jobs the company promised to create: 400 FTEs by 2016, 935 by 2017, and 1,700 by 2021. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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