Subsidy Tracker Individual Entry

Company: 
Gallatin Steel
Parent Company: 
Nucor
Subsidy Source: 
state
Location: 
Kentucky
County: 
Gallatin
Project Description: 

steel mill

Year: 
1994
Major Industry of Parent: 
metals
Specific Industry of Parent: 
steel
Subsidy Value: 
$145,300,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
400
Source of Data: 

The value and the breakdown of the subsidy package and the job projections are taken from: Len Boselovic, "What price jobs? Pennsylvania's $62,810 to create a job is peanuts to what other states are shelling out," Pittsburgh Post-Gazette, April 9, 1995. The tax credit figure is also cited in: Robert Schoenberger, "UPS Expansion:; Frankfort OKs $31.6 million in tax breaks," Louisville Courier-Journal, May 18, 2006.

Notes: 

The subsidy package included $140 million in state tax credits (listed separately in the main Subsidy Tracker data in a 1994 entry for the Kentucky Rural Economic Development Act); a $4 million loan; and $1.3 million grant. In 2014 ArcelorMittal sold Gallatin to Nucor. The main Subsidy Tracker data also has five entries for 2009 -2011 totaling $274,999 under Bluegrass State Skills Corporation.

Source Notes: 
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