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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
NAICS Industry Code: 333132
Project Description: Capital expenditures on innovative machine tools, equipment, and infrastructure to increase business scope , market share, and job creation. Specific items of note for this project include the addition of 3 ,4, and 5 Axis Machining/Milling Workcenters, Cleanroom for Advanced Manufacturing components, Computer Measurement Machines (CMM) in various sizes, CNC Waterjet machine, and 3D printers. Expansion and site improvements of our pipe yard has enabled us to better serve our oil and gas customers. Additionally, the continual evolution of our automated robotic coupling cell allows for greater production output.
Year: 2022
Subsidy Value: $116,500
Program Name: Enterprise Zone
Awarding Agency: Louisiana Economic Development
Type of Subsidy: tax credit
Number of Jobs or Training Slots: 266
Wage Data: $22,123,809.00
Wage Data Type: Estimated Total Payroll
Capital Investment: $12,250,000
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.