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MegadealsSubsidy Tracker Individual Entry
Company: Formosa Plastics Corporation, Louisiana
Parent Company:
Formosa Plastics
Subsidy Source: state
Location: Louisiana
City: Baton Rouge
County: East Baton Rouge
Address: Gulf States Road
Zip: 70805
NAICS Industry Code: 325211
Project Description: Installation of new machinery and equipment for expansion of polyvinyl chloride (PVC) resin production facility resulting in a 20% increase in production capability and sales. Installation of new machinery and equipment for new Halogenated Acid Production Unit for internal use in the production of vinyl chloride monomer. Installation of new machinery & equipment for necessary utilities for the new equipment (demineralization water, compressed air, etc). Potentially adding 15 net new jobs by the third year.
Year: 2021
Major Industry of Parent: chemicals
Specific Industry of Parent: chemicals
Subsidy Value: $2,106,197
Program Name: Quality Jobs Program
Awarding Agency: Louisiana Economic Development
Type of Subsidy: tax credit
Number of Jobs or Training Slots: 750
Wage Data: $72,280,325.00
Wage Data Type: Estimated Total Payroll
Capital Investment: $332,000,000
Source of Data:
(click here)
Notes: Year is application board approval date. Subsidy is the sum of Estimated 10 Year Payroll Credit and Estimated 10 Year S&U or Investment Tax Credit. Jobs is the sum of estimated 10 year new jobs, existing jobs, and estimated construction jobs, which equals the estimated total jobs. Wage data is the sum of estimated 10 year payroll, existing payroll, and estimated construction payroll, which equals the estimated total payroll. Investment data is the sum of Estimated Building And Material, Estimated Machinery And Equipment, and Estimated Labor And Engineering which equals the Total Estimated Investment.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.