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MegadealsSubsidy Tracker Individual Entry
Company: Kerotest Manufacturing Corp.
Parent Company:
Subsidy Source: State
Location: Louisiana
City: Mansura
County: Avoyelles
Address: 7734 Highway 1
Zip: 71350
Project Description: Kerotest manufactures its polyball line of industrial gas valves at its Mansura, Louisiana manufacturing facility. It desires to expand its existing plant to increase its production capacity in existing products ($900,000.00). In addition, the company has plans to expend $2,800,000.00 on equipment, etc. needed to manufacture additional product lines, and a $1,500,000.00 addition to its existing building planned to house this equipment.
Year: 2019
Subsidy Value: $355,042
Program Name: Enterprise Zone
Awarding Agency: Louisiana Economic Development
Type of Subsidy: tax credit
Number of Jobs or Training Slots: 190
Wage Data: $12,696,606
Wage Data Type: Estimated Total Payroll
Capital Investment: $6,335,316
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.