Basic Search
|
Geographic Searches
|
Advanced Search |
MegadealsSubsidy Tracker Individual Entry
Company: Lockheed Martin
Parent Company:
Lockheed Martin
Subsidy Source: state
Location: Georgia
City: Marietta
County: Cobb
Project Description: new defense projects
Year: 2021
Major Industry of Parent: aerospace and military contracting
Specific Industry of Parent: aerospace & military contracting
Subsidy Value: $100,000,000
Program Name: High Impact Aerospace Defense Projects
Awarding Agency: State legislature
Type of Subsidy:
MEGADEAL
Number of Jobs or Training Slots: 3,000
Capital Investment: $1,600,000,000
Source of Data: Georgia Governor Hopes New Tax Break Will Lure Defense Jobs, Associated Press, August 26, 2021,
(click here). SB6 passed during 2021-2022 Regular Session is avaialbel at
(click here) (search for high-impact aerospace defense).
Notes: To support Lockheed Martin bids for Defense Department work, Georgia passed a bill (SB6) that expanded a tax subsidy for "high-impact aerospace defense" projects. The bill mostly will benefit the company. The changed program will allow Lockheed Martin to claim $100 million in state income tax credits, $50 million more than before the program expansion. Overlaps with main data: none.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.