Subsidy Tracker Individual Entry
Company:
Ipsco
Parent Company:
TMK
Subsidy Source:
multiple
Location:
Iowa
County:
Muscatine
Project Description:
steel recycling plant
Year:
1994
Major Industry of Parent:
miscellaneous manufacturing
Specific Industry of Parent:
pipe manufacturing
Subsidy Value:
$73,000,000
Program Name:
multiple
Awarding Agency:
legislature
Type of Subsidy:
MEGADEAL 
Number of Jobs or Training Slots:
300
Capital Investment:
$360,000,000
Source of Data:
The value of the subsidy package, the number of jobs the company committed to create and the projected investment came from: "Incentives to Ipsco, Others Finally OK'd," Cedar Rapids Gazette, March 5, 1994. The breakdown of the package came from: "Deal Will Pay Itself in 5 Years," Des Moines Register, January 26, 1994.
Notes:
The largest portions of the package were $36 million in sales tax exemptions on machinery and equipment and $14 million in tax increment financing. 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.
