Subsidy Tracker Individual Entry

Company: 
ExxonMobil
Parent Company: 
Exxon Mobil
Subsidy Source: 
local
Location: 
Louisiana
City: 
Baton Rouge
Project Description: 

refinery upgrade

Year: 
2011
Major Industry of Parent: 
oil and gas
Specific Industry of Parent: 
oil & gas
Subsidy Value: 
$118,895,273
Program Name: 
Industrial Tax Exemption
Awarding Agency: 
Commerce & Industry Board
Type of Subsidy: 
MEGADEAL
Source of Data: 

The value of the subsidy package is taken from 2011 Board of Commerce & Industry Incentive Approvals, pp. 76.; available online at: http://louisianaeconomicdevelopment.com/additional-resources/performance...

Notes: 

In 2010 ExxonMobil finished construction of an ultra-low sulfur-diesel production unit in its Baton Rouge's refinery, for which the company received property tax exemptions worth $118.9 million over 10 years. This amount is listed separately in the main Subsidy Tracker data in a 2011 Industrial Tax Exemption entry. There was no reported information on other subsides for the project.

Source Notes: 
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