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MegadealsSubsidy Tracker Individual Entry
Company: Bridge Senior Living, LLC
Parent Company:
Subsidy Source: State
Location: Louisiana
City: Baton Rouge
County: East Baton Rouge
Address: 9394 Siegen Lane
Zip: 70810
Project Description: Magnolia Brook is a new full service assisted living facility located on Siegen Lane in Baton Rouge, LA. Magnolia Brook offers the ultimate in comfort and care, and promotes an active and independent lifestyle to meet each residents' individual care and needs. The community offers both traditional assisted living accommodations as well as alzheimers/dementia accommodations. Some of the amenities available to community members include full service dining, a salon, therapy and workout rooms, media center, and technology rooms.
Year: 2020
Subsidy Value: $407,000
Program Name: Enterprise Zone
Awarding Agency: Louisiana Economic Development
Type of Subsidy: tax credit
Number of Jobs or Training Slots: 132
Wage Data: $6,060,000
Wage Data Type: Estimated Total Payroll
Capital Investment: $25,000,000
Source of Data:
(click here)
Notes: Year is application board approval date. Subsidy is the sum of Estimated 5 Year Payroll Credit and Estimated 5 Year S&U or Investment Tax Credit. Jobs is the sum of estimated 5 year new jobs, existing jobs, and estimated construction jobs, which equals the estimated total jobs. Wage data is the sum of estimated 5 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.