Subsidy Tracker Individual Entry
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:
MEGADEAL 
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.
