Subsidy Tracker Individual Entry

Company: 
Caterpillar
Parent Company: 
Caterpillar
Subsidy Source: 
multiple
Location: 
Georgia
City: 
Athens
County: 
Oconee And Athens-Clarke
Project Description: 

manufacturing plant

Year: 
2012
Major Industry of Parent: 
heavy equipment
Specific Industry of Parent: 
construction equipment
Subsidy Value: 
$77,700,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Capital Investment: 
$200,000,000
Source of Data: 

The value of the breakdown of the subsidy package, and the investment projections are taken form Douglas Sams, "Caterpillar getting $77M in incentives," Atlanta Business Chronicle, February 17, 2012; available online at: http://www.bizjournals.com/atlanta/news/2012/02/17/caterpillar-eligible-...

Notes: 

The state portion of the subsidy package included $45 million in job tax credits and grants. Oconee and Athens-Clarke Counties contributed $32.7 million, which included $9.5 million to buy the site, $6.7 million for road improvements, 20-year property tax abatements worth $15 million, and $1.5 million in water and sewer connections. 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.