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:
If an online information source is not working, check the Tracker inventory page for an updated link.
