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MegadealsSubsidy Tracker Individual Entry
Company: Istrouma Hospitality, LLC
Parent Company:
Subsidy Source: State
Location: Louisiana
City: Baton Rouge
County: East Baton Rouge
Address: 260 Third Street
Zip: 70801
Project Description: Construction and staffing of the Downtown Baton Rouge Courtyard by Marriott hotel. The 135-room hotel includes many features, such as a full-service restaurant and bar, luxury lounge, and 960 square feet of meeting space.
Year: 2019
Subsidy Value: $431,750
Program Name: Enterprise Zone
Awarding Agency: Louisiana Economic Development
Type of Subsidy: tax credit
Number of Jobs or Training Slots: 183
Wage Data: $9,313,600
Wage Data Type: Estimated Total Payroll
Capital Investment: $21,000,000
Source of Data:
(click here)
Notes: Year is application board approval date. Subsidy is the sum of Estimated 5 Year Payroll Credit and Estimated 5 Year S&U or Investment Tax Credit. Jobs is the sum of estimated 5 year new jobs, existing jobs, and estimated construction jobs, which equals the estimated total jobs. Wage data is the sum of estimated 5 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.