Subsidy Tracker Individual Entry

Company: 
Cameron LNG, LLC
Parent Company: 
Sempra Energy
Subsidy Source: 
multiple
Location: 
Louisiana
City: 
Hackberry
County: 
Cameron
NAICS Industry Code: 
325120
Project Description: 

Expansion of a liquefaction processing complex and liquefied natural gas export terminal

Year: 
2015
Major Industry of Parent: 
utilities and power generation
Specific Industry of Parent: 
utilities
Subsidy Value: 
$50,669,482
Program Name: 
multiple
Awarding Agency: 
Commerce & Industry Board
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
60 retained; 140 new direct jobs
Wage Data: 
$80,000
Wage Data Type: 
average salary per year
Capital Investment: 
$10,000,000,000
Source of Data: 

The value of the Quality Jobs and Industrial Tax Exemption subsidies come from the 2015 Louisiana Commerce & Industry Board disclosure site at http://www.opportunitylouisiana.com/docs/default-source/Performance-Repo... The jobs, wage and investment projections came from a October 23, 2014 press release by Louisiana Economic Development posted online at http://www.opportunitylouisiana.com/led-news/news-releases/news/2014/10/...

Notes: 

The subsidy package for Sempra Energy?s Cameron LNG consisted of $30,000 over ten years in property tax exemption via Industrial Tax Exemption program and $50.6 million in sales and use tax credits and ten-year payroll rebates via the Quality Jobs program. Overlap with main Subsidy Tracker data: a $30,211 entry for the Industrial Tax Exemption program and a $50,639,271 entry for Quality Jobs, both for Cameron LNG, LLC in 2015.

Source Notes: 
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