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MegadealsSubsidy Tracker Individual Entry
Company: RedGuard, LLC
Parent Company:
Subsidy Source: state
Location: Louisiana
City: New Iberia
County: Iberia
Address: 4817 Lewis St. South
Zip: 70560
NAICS Industry Code: 332311
Project Description: Workforce growth and facility improvements to meet increasing customer demand. RedGuard purchased a pre-existing facility at the Port of Iberia for its new production yard, and is in the process of making improvements to the property. Property improvements include expansion of the fabrication building, along with electrical improvements, plumbing, dirt work, concrete slab, and bulkhead construction. New machinery and equipment purchases include cranes, paint booths, sand blasting equipment, forklifts, welding equipment, and cutting equipment, etc.
Year: 2021
Subsidy Value: $647,733
Program Name: Quality Jobs Program
Awarding Agency: Louisiana Economic Development
Type of Subsidy: tax credit
Number of Jobs or Training Slots: 56
Wage Data: $12,336,435.00
Wage Data Type: Estimated Total Payroll
Capital Investment: $1,710,484
Source of Data:
(click here)
Notes: Year is application board approval date. Subsidy is the sum of Estimated 10 Year Payroll Credit and Estimated 10 Year S&U or Investment Tax Credit. Jobs is the sum of estimated 10 year new jobs, existing jobs, and estimated construction jobs, which equals the estimated total jobs. Wage data is the sum of estimated 10 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.