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MegadealsSubsidy 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: If an online information source is not working, check the Tracker
inventory page for an updated link.