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.