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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 Highway
Zip: 70582
NAICS Industry Code: 311314
Project Description: The company is undergoing a major expansion to their manufacturing operation intended to increase the total production capability by an additional 8,000 tons of sugar cane which will result in increased sugar and black strap molasses production. The project will involve the construction of four additional multi-level buildings with footprints of 6,000sqft, 3,000sqft, 1,500sqft, 500sqft respectively as well as an additional 7,000sqft to the existing building. The project will also involve the purchase of major manufacturing equipment including a continuous vacuum pan, 4 evaporators, 3 juice heaters, 5 batch centrifugal, 2 continuous centrifugal, a vertical crystallizer, 3 bridgetruck scales, 12 mill roller assemblies, a complete mill assembly, a hi-speed- low-speed gear drive, and a steam turbine.
Year: 2023
Subsidy Value: $1,364,696
Program Name: Industrial Tax Exemption
Awarding Agency: Commerce & Industry Board
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 2
Wage Data: $70,000
Wage Data Type: Estimated New Payroll
Capital Investment: $23,655,685
Source of Data:
(click here)
Notes: Year is Application Board Approval Date. Subsidy is the Estimated First Year Exemption multiplied by 5 (the number of subsidy years). Jobs figure is number of new positions. Investment data is the sum of Estimated Building And Material, Estimated Machinery and Equipment, and Estimated Labor And Engineering which equal the Total Estimated Investment. The subsidy can be renewed for additional 5 years. Search for possible associated entries.
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