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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
NAICS Industry Code: 321212
Project Description: Automation of the patchine by addition of a Con-Vey/Argos panel repair line with integrated thickness gauge, patch metering equipment by Pre-Tec, dust collection system, complete access platforms, Sawline 1 Argos vision grader with 2 side and 4 edge grading, one new grade bin on Sawline 1 from Convey, and installation/start-up support. An additional room will also be created where the patch material will be mixed and housed because it requires a highly controlled temperature. We will see a 95% improvement in repairable downfall for auto processed panels as well as increased thickness consistency resulting in fire risk mitigation and increased sander throughput and quality.
Year: 2023
Subsidy Value: $446,331
Program Name: Industrial Tax Exemption
Awarding Agency: Commerce & Industry Board
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 0
Capital Investment: $9,538,206
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.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.