Basic Search
|
Geographic Searches
|
Advanced Search |
MegadealsSubsidy Tracker Individual Entry
Company: Shandong Sun Paper Industry
Parent Company:
Shandong Sun Paper
Subsidy Source: multiple
Location: Arkansas
City: Arkadelphia
County: Clark
Project Description: pulp mill
Year: 2016
Major Industry of Parent: paper and packaging
Specific Industry of Parent: paper & packaging
Subsidy Value: $167,500,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL
Number of Jobs or Training Slots: 250
Wage Data: $52,000
Wage Data Type: average annual salary
Capital Investment: $1,000,000,000
Source of Data: Subsidy details and jobs, wage and investment figures were taken from: David Smith, "$1B pulp plant to employ 250 in state's south," Arkansas Online, April 27, 2016; online at
(click here) and Gwen Moritz and Lance Turner, "Update: Sun Paper of China Picks Clark County for $1.3B Pulp Mill," Arkansas business, April 26, 2016; online at
(click here). An Economic Development Memorandum of Understanding between the company and the state lists the available subsidies but without estimated amounts; online at
(click here) signed April 26, 2016 (webpage was accessed April 26, 2016)
Notes: The value of the state and local subsidy package is a conservative estimate as it does not include various tax breaks whose value is not available. The state committed $3 million for workforce training; a $12.5 million grant from Governor?s Quick Action Closing Fund for site preparation and equipment; a $50 million collateralized loan from various state agencies; an unspecified amount from the Create Rebate program, which will reimburse the company five percent of new payroll for 10 years; an unspecified amount in state and local sales and use tax refunds for buying construction materials from the Tax Back Program; unspecified amounts via the Sales Tax Exemption on Equipment and Recycling Tax Credit. In addition, state agencies will expedite air and wastewater permits. Local subsidies consist of $10 million for infrastructure development and $92 million over 20 years in 65-percent county property-tax abatements. State and local governments will apply for federal grants to upgrade rail near the facility. 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.