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MegadealsSubsidy Tracker Individual Entry
Company: Alexander/Ryan Marine & Safety L.L.C. of Louisiana
Parent Company:
Subsidy Source: state
Location: Louisiana
City: Houma
County: Terrebonne
Address: 205 E. Woodlawn Ranch Road
Zip: 70363
NAICS Industry Code: 336611
Project Description: Alexander/Ryan Marine & Safety (ARMS) manufactures and services customized safety solutions in the maritime industry (lifeboat systems, Sea Jet submersible pump systems, liferafts and personnel baskets). The company has facilities in Texas (Houston) and Louisiana (Houma). It is expanding capabilities in Houma. The Houma facility will establish itself as ARMS' U.S. assembly, manufacturing, refurbishment, and service operations, plus associated warehouse and distribution of inventory to customers across the U.S. and internationally. Building restructure for supporting company's manufacturing Process: Install new wall, roof and insulation to prevent humidity. Install air lines pipes, create office in lifeboat building, install fireproof glass, remove the Fans, add an exit door (for both manufacturing managers and production staff offices). Removal of windows and air vends, in order to create a controlled environment (temperature controlled).
Year: 2023
Subsidy Value: $77,551
Program Name: Industrial Tax Exemption
Awarding Agency: Commerce & Industry Board
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 5
Wage Data: $240,000
Wage Data Type: Estimated New Payroll
Capital Investment: $1,387,120
Source of Data:
(click here)
Notes: Year is Application Board Approval Date. Subsidy is the Estimated First Year Exemption multiplied by 5 (the number of subsidy years). Jobs figure is number of new positions. Investment data is the sum of Estimated Building And Material, Estimated Machinery and Equipment, and Estimated Labor And Engineering which equal the Total Estimated Investment. The subsidy can be renewed for additional 5 years. Search for possible associated entries.
Source Notes: If an online information source is not working, check the Tracker
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