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Subsidy Tracker Individual Entry

Company: AK Steel
Parent Company: Cleveland-Cliffs
Subsidy Source: multiple
Location: Indiana
City: Rockport
Project Description: steel processing plant
Year: 1996
Major Industry of Parent: mining and minerals
Specific Industry of Parent: mining
Subsidy Value: $71,600,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
MEGADEAL

Number of Jobs or Training Slots: 410
Wage Data: $50,000
Wage Data Type: average annual pay
Capital Investment: $1,100,000,000
Source of Data: The value of the subsidy package and the projected job, wage and investment figures came from: Patrick Wathen and Doug Sword, "AK Steel is Coming," Evansville Courier, November 22, 1996.
Notes: AK Steel received $59 million in local property tax abatements and about $12 million from the state in the form of EDGE tax credits (up to $5.8 million), infrastructure improvements and job training assistance. 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.