Subsidy Tracker Individual Entry

Company: 
Honeywell International
Parent Company: 
Honeywell International
Subsidy Source: 
state
Location: 
Louisiana
City: 
Geismar
County: 
Ascension
Address: 
5525 Hwy 3115
NAICS Industry Code: 
325120
Project Description: 

Honeywell plans to spend as much as $500 million over the next ten years to create capacity at the Geismar facility to produce new products, and to upgrade existing manufacturing processes and systems to improve productivity and existing product capacity. New products may include lithium-ion salt manufacturing (for lithium-ion batteries-- this would be the first plant in the US to produce that material) and green refrigerant.

Year: 
2014
Major Industry of Parent: 
diversified
Specific Industry of Parent: 
diversified
Subsidy Value: 
$6,050,482
Program Name: 
Quality Jobs Program
Awarding Agency: 
Commerce & Industry Board
Type of Subsidy: 
Tax Credit/Rebate
Number of Jobs or Training Slots: 
83
Wage Data: 
$54,174,692
Wage Data Type: 
New Ten-Year Payroll
Capital Investment: 
$375,000,000
Notes: 

Subsidy value is sum of estimated tax credits and ten-year payroll rebate. Jobs figure is number of new permanent positions.

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