Subsidy Tracker Individual Entry
seamless steel tube mill (phase one) and steel mill (phase two)
The subsidy value and the jobs, wage and investment projections came from an October 26, 2012 press release issued by Louisiana Economic Development; online at http://www.louisianaeconomicdevelopment.com/index.cfm/newsroom/detail/216
The German steel company was given a subsidy package that included: $57.4 million in state performance-based grants to reimburse site development, infrastructure and equipment costs; a $12.75 million state performance-based grant to reimburse relocation and training costs; and infrastructure assistance worth $6 million from the Red River Waterway Commission, $3 million from the Port of Caddo-Bossier and $2.6 million from the Caddo Parish Commission. The state also agreed to pay for a new training facility at Bossier Parish Community College. Overlaps with main Subsidy Tracker data: none.