Subsidy Tracker Individual Entry

Company: 
Cleco Power
Parent Company: 
Macquarie
Subsidy Source: 
local
Location: 
Louisiana
City: 
Lena
County: 
Rapides
Address: 
275 Rodemacher Road
NAICS Industry Code: 
22112
Project Description: 

solid fuel electricity generation plant

Year: 
2010
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Subsidy Value: 
$163,002,297
Program Name: 
Industrial Tax Exemption
Awarding Agency: 
Commerce & Industry Board
Type of Subsidy: 
MEGADEAL
Wage Data: 
$258113431
Wage Data Type: 
total ten-year projected payroll
Capital Investment: 
$980,170,155
Source of Data: 

The value of the subsidy package and other data are taken from 2010 Louisiana Commerce & Industry Board Approvals report, p. 40; available online at: http://louisianaeconomicdevelopment.com/additional-resources/performance...

Notes: 

In April 2011, Cleco Power announced completion of a "clean" coal power generator. The company was approved for Industrial Tax Exemptions worth $163,002,297 over 10 years (listed separately in the main Subsidy Tracker data under the 2010 entry for the program). Cleco Power also received an unspecified amount from the Quality Jobs program (see "Many Shades of Green," Louisiana Economic Quarterly, Q2 2010, p. 12; available online at: http://www.louisianaeconomicdevelopment.com/downloads/multi-media/presen...).

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.