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MegadealsSubsidy Tracker Individual Entry
Company: K&B Machine Works, LLC
Parent Company:
Subsidy Source: State
Location: Louisiana
City: Schriever
County: Terrebonne
Address: 208 Rebecca's Pond Rd
Zip: 70395
Project Description: Utilizing capital expenditures on Site Improvements, Machine Tool and Equipment Purchases aimed at increasing market share and scope of business, while creating jobs. Specific items of note for this project are the addition of cutting edge 3, 4, and 5 axis CNC Machining/Milling Work Centers, Site improvements to our Zinc and Manganese Phosphate operation, as well as the addition of both concrete and limestone Pipe Storage areas that are required due to increased customer demand for Customer Inventory Services (CIS).
Year: 2019
Subsidy Value: $214,484
Program Name: Enterprise Zone
Awarding Agency: Louisiana Economic Development
Type of Subsidy: tax credit
Number of Jobs or Training Slots: 232
Wage Data: $33,660,996
Wage Data Type: Estimated Total Payroll
Capital Investment: $4,000,000
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.