Subsidy Tracker Individual Entry
Company:
Huntington Ingalls Industries
Parent Company:
Huntington Ingalls Industries
Subsidy Source:
state
Location:
Louisiana
City:
Avondale
Project Description:
retention of a shipbuilding facility
Year:
2011
Major Industry of Parent:
aerospace and military contracting
Specific Industry of Parent:
aerospace & military contracting
Subsidy Value:
$214,000,000
Program Name:
multiple
Awarding Agency:
Louisiana Economic Development
Type of Subsidy:
MEGADEAL 
Number of Jobs or Training Slots:
3,850
Source of Data:
The value and the breakdown of the subsidy package and the job requirements are taken from an October 18, 2011 press release issue by Gov. Bobby Jindal; available online at: http://www.gov.state.la.us/index.cfm?md=newsroom&tmp=detail&articleID=3058
Notes:
The state committed $214 million performance-based subsidy package over 10 years for the Avondale shipyard. The package included job-creation tax credits, job training assistance via Louisiana FastStart, and funds to retool and modernize the facility. The company, a spin-off of Northrop Grumman Corporation, announced that it will close the facility if it does not find an investment partner. Overlap with main Subsidy Tracker data: a $589,811 Industrial Tax Exemption entry for 2011.
Source Notes:
If an online information source is not working, check the Tracker inventory page for an updated link.
