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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: 
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.