Subsidy Tracker Individual Entry

Company: 
Placid Refining Company, LLC
Parent Company: 
Petro-Hunt
Subsidy Source: 
State
Location: 
Louisiana
City: 
Port Allen
County: 
West Baton Rouge
Address: 
1940 LA Highway 1 North
Zip: 
70767
Project Description: 

Upgrades to petroleum refinery including hiring project engineer, maintenance technician and inspector to ensure reliable operation of all process and regulatory compliance.

Year: 
2019
Major Industry of Parent: 
oil and gas
Specific Industry of Parent: 
oil & gas
Subsidy Value: 
$902,357
Program Name: 
Enterprise Zone
Awarding Agency: 
Louisiana Economic Development
Type of Subsidy: 
tax credit
Number of Jobs or Training Slots: 
273
Wage Data: 
$26,042,266
Wage Data Type: 
Estimated Total Payroll
Capital Investment: 
$98,873,000
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.