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MegadealsSubsidy Tracker Individual Entry
Company: Martco L.L.C.
Parent Company:
Subsidy Source: State
Location: Louisiana
City: Chopin
County: Natchitoches
Address: 1695 Hwy 490
Zip: 71447
Project Description: The project consists of 2 parts: Expansion of Timber Mill by addition of a natural gas pipeline, dry kiln, log infeed, outfeed, and chip capacity, as well as expansion of existing shipping and finished goods storage areas. The Chopin Modernization project consists of plant-wide upgrades including new programmable logic controllers which control the manufacturing process, equipment upgrades, and addition of equipment to improve safety. the PLC and motion controls will increase the accuracy and efficiency of equipment while the equipment upgrades will improve safety of employees, reduce waste, and increase the quality of finished product. These upgrades are crucial to the plywood plant's continued success. Without these improvements, production, quality , and safety will decrease, therefore hindering competitiveness and putting the Chopin facility at a disadvantage in the marketplace.
Year: 2020
Subsidy Value: $219,205
Program Name: Enterprise Zone
Awarding Agency: Louisiana Economic Development
Type of Subsidy: tax credit
Number of Jobs or Training Slots: 741
Wage Data: $39,546,205
Wage Data Type: Estimated Total Payroll
Capital Investment: $10,266,126
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.