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.
