Subsidy Tracker Individual Entry
Company:
St. Joseph Energy Partners LLC
Parent Company:
Ares Management
Subsidy Source:
local
Location:
Indiana
County:
St. Joseph
Project Description:
natural gas-fired electricity plant
Year:
2015
Major Industry of Parent:
private equity (including portfolio companies)
Specific Industry of Parent:
private equity (including portfolio companies)
Subsidy Value:
$60,000,000
Program Name:
Property Tax Abatement
Awarding Agency:
St. Joseph County Council
Type of Subsidy:
MEGADEAL 
Number of Jobs or Training Slots:
20
Wage Data:
$95,000
Wage Data Type:
average annual salary
Capital Investment:
$500,000,000
Source of Data:
The subsidy amount and and jobs, wage and investment projections came from: Jeff Parrott, "New power plant gets green light," South Bend Tribune, October 14, 2015. See also the county council minutes at http://www.stjosephcountyindiana.com/departments/sjccouncil/pdf/2015/Oct...
Notes:
Subsidy amount is estimate of value of a 15-year property tax abatement granted to the company, a joint venture of Toyota and Ares Private Equity Group. Overlaps 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.
