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MegadealsSubsidy Tracker Individual Entry
Company: Louisiana Sugar Cane Cooperative, Inc.
Parent Company:
Subsidy Source: State
Location: Louisiana
City: St. Martinville
County: St. Martin
Address: 6092 Resweber Hwy
Zip: 70582
Project Description: We are assisting existing farmers to convert part of their crop rotation to sugar cane. We have identified and have contracted with these growers to supply our factory with an additional 400,000 tons of sugar cane. This will compliment our existing supply of approximately 1,200,000 tons to give us a total cane supply of 1,600,000 tons per year. In order to process this additional cane supply in a timely manner we will need to increase the processing capacity of the factory by approximately 45%. This expansion in cane supply and processing capacity will greatly improve our efficiency, provide a substantial economic boost to our local and State economy and provide a significant increase of good paying full time jobs.
Year: 2020
Subsidy Value: $108,560
Program Name: Enterprise Zone
Awarding Agency: Louisiana Economic Development
Type of Subsidy: tax credit
Number of Jobs or Training Slots: 157
Wage Data: $6,500,172
Wage Data Type: Estimated Total Payroll
Capital Investment: $6,770,690
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.