Subsidy Tracker Individual Entry

Company: 
Methanex Louisiana, LLC
Parent Company: 
Methanex
Subsidy Source: 
local
Location: 
Louisiana
City: 
Geismar
County: 
Ascension
Address: 
4171 Hwy 73
NAICS Industry Code: 
325199
Project Description: 

Start-Up/New. This project is Phase II of the relocation of our Methanol plant from Chile' to Geismar, Louisiana.

Year: 
2017
Major Industry of Parent: 
chemicals
Specific Industry of Parent: 
chemicals
Subsidy Value: 
$564,287
Program Name: 
Industrial Tax Exemption
Awarding Agency: 
Commerce & Industry Board
Type of Subsidy: 
property tax abatement
Number of Jobs or Training Slots: 
15
Wage Data: 
$1,200,000
Wage Data Type: 
new annual payroll
Capital Investment: 
$3,486,482
Notes: 

Subsidy value is estimated ten-year property tax exemption. Jobs figure is number of new positions.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.