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Subsidy Tracker Individual Entry

Company: Remington Arms
Parent Company: Cerberus Capital Management
Subsidy Source: multiple
Location: Alabama
City: Huntsville
County: Madison
Project Description: gun production facility
Year: 2014
Major Industry of Parent: private equity (including portfolio companies)
Specific Industry of Parent: private equity (including portfolio companies)
Subsidy Value: $68,900,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Number of Jobs or Training Slots: 2,000
Capital Investment: $110,000,000
Source of Data: The value of the subsidy package, its components and the projected numbers for jobs and investment come from: Steve Doyle, "Alabama's incentive package for Remington gun plant," AL.com, February 17, 2014; online at (click here)
Notes: The state agreed to provide $38.3 million to assist Remington in retrofitting and equipping a former Chrysler plant as well as training assistance valued at $15.9 million over 10 years and site preparation assistance. Huntsville and Madison County agreed to spend $10.5 million to purchase the plant for Remington and to provide $2 million for equipment. The city of Athens and Limestone County kicked in another $1 million. Overlap with main Subsidy Tracker data: none.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.