Company: Remington Arms Parent Company: Subsidy Source: multiple Location: Alabama City: Huntsville County: Madison Project Description: gun production facility Year: 2014 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.