Subsidy Tracker Individual Entry

Company: 
BASF Corporation
Parent Company: 
BASF
Subsidy Source: 
local
Location: 
Louisiana
City: 
Geismar
County: 
Ascension
Address: 
8404 River Road
NAICS Industry Code: 
325100
Project Description: 

Addition. This co-location project is the most significant project in 20 years for BASF?s integrated Site in Ascension Parish and is critically important for positioning BASF to be more competitive now and for years to come. Once constructed, this project will position BASF to be more competitive against other oil- and coal-based technologies. The consolidated infrastructure and process unit

Year: 
2017
Major Industry of Parent: 
chemicals
Specific Industry of Parent: 
chemicals
Subsidy Value: 
$25,248,600
Program Name: 
Industrial Tax Exemption
Awarding Agency: 
Commerce & Industry Board
Type of Subsidy: 
property tax abatement
Number of Jobs or Training Slots: 
15
Wage Data: 
$1,500,000
Wage Data Type: 
new annual payroll
Capital Investment: 
$156,000,000
Notes: 

Subsidy value is estimated ten-year property tax exemption. Jobs figure is number of new positions.

Source Notes: 
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