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.