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MegadealsSubsidy Tracker Individual Entry
Company: Formosa Plastics Corporation, Louisiana
Parent Company:
Formosa Plastics
Subsidy Source: local
Location: Louisiana
City: Baton Rouge
County: East Baton Rouge
Address: Gulf States Road
Zip: 70805
NAICS Industry Code: 325211
Project Description: 2020-2022 New Plant Expansion
Year: 2019
Major Industry of Parent: chemicals
Specific Industry of Parent: chemicals
Subsidy Value: $19,145,112
Program Name: Industrial Tax Exemption
Awarding Agency: Commerce & Industry Board
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 15
Wage Data: $1,165,000.00
Wage Data Type: Estimated New Payroll
Capital Investment: $332,000,000
Source of Data:
(click here)
Notes: Year is Application Board Approval Date. Subsidy is the Estimated First Year Exemption multiplied by 5 (the number of subsidy years). Jobs figure is number of new positions. Investment data is the sum of Estimated Building And Material, Estimated Machinery and Equipment, and Estimated Labor And Engineering which equal the Total Estimated Investment. The subsidy can be renewed for additional 5 years. Search for possible associated entries.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.