Subsidy Tracker Individual Entry

Company: 
IBM
Parent Company: 
IBM Corp.
Subsidy Source: 
multiple
Location: 
Iowa
City: 
Dubuque
Project Description: 

downtown technology services center

Year: 
2009
Major Industry of Parent: 
information technology
Specific Industry of Parent: 
information technology
Subsidy Value: 
$53,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
1,300
Source of Data: 

The subsidy details and job projection came from: Eller Donnelle, "State, Dubuque plan big perks to back IBM," Des Moines Register, January 16, 2009.

Notes: 

The subsidy package included a $12 million forgivable loan from the state, $25 million in improvements to the Roshek Building by the quasi-public entity Dubuque Initiatives and $5.6 million in local incentives, including a 20-year property tax rebate. In 2015 there was controversy over the poor job creation performance of the facility. See "Iowa Spent $50 Million to Lure IBM. Then the Firings Started," Bloomberg, May 19, 2015; http://www.bloomberg.com/news/articles/2015-05-19/iowa-spent-50-million-.... Overlaps with main Subsidy Tracker data: two Physical Infrastructure Assistance entries worth about $12 million and two training reimbursement entries worth about $10 million.

Source Notes: 
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