Subsidy Tracker Individual Entry

Company: 
Trico Steel (now owned by Nucor)
Parent Company: 
Nucor
Subsidy Source: 
multiple
Location: 
Alabama
City: 
Decatur
County: 
Morgan
Project Description: 

steel mill

Year: 
1995
Major Industry of Parent: 
metals
Specific Industry of Parent: 
steel
Subsidy Value: 
$85,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
300
Capital Investment: 
$450,000,000
Source of Data: 

The subsidy value and the job and investment projections came from: Christopher Bell, "Alabama offers Mercedes-like Deal to lure Decatur steel plant," Huntsville Times, January 5, 1995.

Notes: 

Trico--at the time of the deal a joint venture of LTV, Sumitomo Metal Industries and British Steel--received property tax abatements, free land, state income tax credits, job training funds and other subsidies. As it headed for bankruptcy in 2001, Trico closed the mill, which was sold to Nucor. Overlaps 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.