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MegadealsSubsidy Tracker Individual Entry
Company: AxoSim, Inc.
Parent Company:
Subsidy Source: State
Location: Louisiana
City: New Orleans
County: Orleans
Address: 1441 Canal Street
Zip: 70112
Project Description: AxoSim is developing technology to assist pharmaceutical companies with research and development of new drugs. Our Nerve-on-a-Chip technology is licensed out of Tulane University and we are building our operations in the New Orleans BioInnovation Center. High tech personnel and specialized equipment will be necessary for internal development of the technology as well as to perform service based laboratory testing for pharmaceutical clients. We are already working with a few international customers and expect to significantly expand our operations.
Year: 2018
Subsidy Value: $336,935
Program Name: Quality Jobs Program
Awarding Agency: Louisiana Economic Development
Type of Subsidy: tax credit
Number of Jobs or Training Slots: 10
Wage Data: $5,053,252
Wage Data Type: Estimated Total Payroll
Capital Investment: $2,489,323
Source of Data:
(click here)
Notes: Year is application board approval date. Subsidy is the sum of Estimated 10 Year Payroll Rebate and Estimated 10 Year S&U or Investment Tax Credit. Jobs is the sum of estimated 10 year new jobs, existing jobs, and estimated construction jobs, which equals the estimated total jobs. Wage data is the sum of estimated 10 year payroll, existing payroll, and estimated construction payroll, which equals the estimated total payroll. Investment data is the sum of Estimated Building And Material, Estimated Machinery And Equipment, and Estimated Labor And Engineering which equals the Total Estimated Investment.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.