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MegadealsSubsidy Tracker Individual Entry
Company: ASH Industries, Inc.
Parent Company:
Subsidy Source: state
Location: Louisiana
City: Lafayette
County: Lafayette
Address: 1330 West Willow Street
Zip: 70506
NAICS Industry Code: 326199
Project Description: The expansion of the existing injection mold manufacturing facility included the purchase of new equipment and added storage for in-process work. Some of the equipment purchased was a crown high lift forklift, granulators, drying equipment, chillers, material handling equipment, and added crane capacity for larger molds. We added five net new jobs. ASH is geared to delivering high end custom molded parts as efficiently, accurately, and as quickly as possible. These pieces of equipment are all directly tied to maintaining excellent service to our customers and those that depend on our services.As a manufacturing facility, ASHs capacity to serve out of state customers (and bring money back to Louisiana) is a function of the equipment we have, the quality and capability of the equipment, and the quality of the employees ASH hires and trains in our local area. The equipment described above was used to expand ASHs capacity, manufacturing services, skill at delivering these services, and ability to address requests that prospects make. Every small advance allows us to offer more to US prospects.
Year: 2022
Subsidy Value: $7,030
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: $185,000
Wage Data Type: Estimated New Payroll
Capital Investment: $111,586
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.
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