Subsidy Tracker Individual Entry

Company: 
CF Industries
Parent Company: 
CF Industries
Subsidy Source: 
local
Location: 
Louisiana
City: 
Donaldsonville
County: 
Ascension
Address: 
39018 Hwy 3089
NAICS Industry Code: 
325311
Project Description: 

This project will consist of the installation of a new operating unit to increase the site's total nitrogen capacity, and the installation of additional operating units to reconfigure the site output to higher value nitrogen fertilizers, urea and UAN solutions. Additional storage and loading facilities will also be added.

Year: 
2013
Major Industry of Parent: 
chemicals
Specific Industry of Parent: 
chemicals
Subsidy Value: 
$366,380,700
Program Name: 
multiple
Awarding Agency: 
Commerce & Industry Board
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
93
Wage Data: 
$57,507,924
Wage Data Type: 
new ten-year payroll
Capital Investment: 
$2,237,000,000
Source of Data: 

The main subsidy value and the jobs, payroll and investment figures came from an entry under the name CF Industries Nitorgen on the Louisiana Commerce & Industry Board disclosure site at http://www.opportunitylouisiana.com/assets/LED/docs/Performance_Reportin.... The parish subsidy came from: Bret McCormick, "Ascension plant to expand," Baton Rouge Advocate, November 2, 2012.

Notes: 

The main subsidy of $360,380,700 is the estimated value of a ten-year property tax exemption. Ascension Parish provided another $6 million in rebates of sales tax on construction materials. Jobs figure is number of new permanent positions. Overlap with main Subsidy Tracker data: an Industrial Tax Exemption entry under the name CF Industries Nitrogen for $360,380,700.

Source Notes: 
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