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: 
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