Company: Orascom Construction Industries Parent Company: OCI N.V. Subsidy Source: multiple Location: Iowa County: Lee Project Description: fertilizer plant Year: 2012 Major Industry of Parent: chemicals Specific Industry of Parent: fertilizers Subsidy Value: $251,000,000 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
Capital Investment: $1,400,000,000 Source of Data: The subsidy total and breakdown come from: Donnelle Eller, "More tax credits bring fertilizer plant to Iowa," Des Moines Register, September 6, 2012 and Mike Wiser, "Fertilizer plant sets record for tax breaks," Quad-City Times, September 6, 2012. For the change in the ownership see for example, ?Iowa Fertilizer Co. timeline,? The Hawk Eye, December 29, 2013. Notes: The package consisted in state tax credits worth up to $107 million; other state assistance worth about $11 million; and a county property tax abatement worth an estimated $133 million. The project known under the name of Iowa Fertilizer Company, and the parent company was originally called Orascom Construction Industries. Overlaps with main Subsidy Tracker data: A 2012 Grow Iowa Values Fund entry for Iowa Fertilizer Company LLC for $84,110,000. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.