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Subsidy Tracker Individual Entry

Company: 
Willamette Industries (facility now owned by Domtar Paper)
Parent Company: 
Domtar
Subsidy Source: 
state
Location: 
Kentucky
City: 
Hawesville
Project Description: 

expansion of a pulp and paper mill

Year: 
1998
Major Industry of Parent: 
paper and packaging
Specific Industry of Parent: 
paper products
Subsidy Value: 
$132,300,000
Program Name: 
multiple
Awarding Agency: 
Kentucky Economic Development Finance Authority
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
105
Source of Data: 

The value of the subsidy package and the job requirements are based on original research by Greg LeRoy for his article "The Terrible Ten Corporate Candy Store Deals of 1998" published in the May 1998 issue of The Progressive; available online at http://www.ctj.org/pdf/terr10.pdf

Notes: 

The subsidy package included $132 million in tax credits and job assessment fees (workers' personal income tax withholdings ) over 15 years. In 2002, the company was bought by Weyerhaeuser; in 2007, the mill was taken over by Domtar Paper. The Kentucky Financial Incentives database lists a $100 million subsidy from Kentucky Rural Economic Development Act for Domtar Paper Company. The main Subsidy Tracker data separately lists this award under a 1998 entry for KREDA for Domtar Paper.

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