Subsidy Tracker Individual Entry
Company:
NOVA Chemicals, Inc.
Parent Company:
Mubadala Investment Company
Subsidy Source:
State
Location:
Louisiana
City:
Geismar
County:
Ascension
Address:
5205 Highway 3115
Zip:
70734
Project Description:
Upgrades to an ethylene manufacturing facility. Upgrades and purchases to include: package boiler, fire & gas detector, ethylene product delivery system, non-ergonomic furniture, upgrade furnace feed valves. Increasing workforce by seven net new jobs within the first 24 months. 130 new construction jobs.
Year:
2020
Major Industry of Parent:
diversified
Specific Industry of Parent:
diversified
Subsidy Value:
$677,500
Program Name:
Enterprise Zone
Awarding Agency:
Louisiana Economic Development
Type of Subsidy:
tax credit
Number of Jobs or Training Slots:
230
Wage Data:
$20,112,000
Wage Data Type:
Estimated Total Payroll
Capital Investment:
$72,985,468
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:
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