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MegadealsSubsidy Tracker Individual Entry
Company: Honeywell International Inc.
Parent Company:
Honeywell International
Subsidy Source: state
Location: Louisiana
City: Geismar
County: Ascension
Address: 5525 Hwy. 3115
Zip: 70734
NAICS Industry Code: 325188
Project Description: Honeywell has added a 5th production line to their Aclon unit located in the Geismar Plant. Aclon is the main ingredient used to produce the sanitary thin film plastic primarily used in the packaging of pharmaceutical pills and tablets. The new production line will produce approximately 2,800,000 pounds per year. An additional superstructure to hold the new reactor, the new wash tank, the new filter press, and related pumps, piping, equipment, and instrumentation.
Year: 2023
Major Industry of Parent: diversified
Specific Industry of Parent: diversified
Subsidy Value: $2,467,593
Program Name: Industrial Tax Exemption
Awarding Agency: Commerce & Industry Board
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 4
Wage Data: $260,000
Wage Data Type: Estimated New Payroll
Capital Investment: $38,421,669
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.