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: 
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