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Subsidy Tracker Individual Entry

Company: 
IBM
Parent Company: 
IBM Corp.
Subsidy Source: 
multiple
Location: 
Louisiana
City: 
Baton Rouge
Project Description: 

technology center

Year: 
2013
Major Industry of Parent: 
information technology
Specific Industry of Parent: 
information technology
Subsidy Value: 
$152,193,041
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
800
Source of Data: 

The breakdown of the subsidy package was taken from a press release issued by Louisiana Economic Development on March 27, 2013; online at http://www.louisianaeconomicdevelopment.com/index.cfm/newsroom/detail/242. The increased local portion was reported in: Rebekah Allen, "EBR's part of IBM package: $4.5 million," Baton Rouge Advocate, April 24, 2013. The 2014 QJ awards info was taken from the 2014 Louisiana Commerce & Industry Board disclosure site at http://www.opportunitylouisiana.com/assets/LED/docs/Performance_Reportin...

Notes: 

The package initially announced included: a $29.5 million customized incentive package directly for IBM; $30.5 million from state and local governments for an office complex to be used by IBM; and $14 million in funding for computer science programs at Louisiana State University that will help train workers for IBM. East Baton Rouge Parish later added another $1.5 million for training assistance. In 2014, LED awarded IBM $76.7 million in Quality Jobs payments over 10 years. Overlaps with main Subsidy Tracker data: a 2014 $76,693,041 entry for IBM Corporation for the Quality Jobs Program.

Source Notes: 
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