Subsidy Tracker Individual Entry
natural gas complex
The job, wage and investment data and information on the initial offer came from a press release issued by Gov. Bobby Jindal on December 5, 2012; available online at: http://www.gov.state.la.us/index.cfm?md=newsroom&tmp=detail&articleID=3758. Information on the later offer came from Michelle Millhollon, "Legislators OK project they had delayed last week," The Advocate, August 22, 2013. The information on the 2014 Quality Jobs awards is taken from 2014 Louisiana Commerce & Industry Board disclosure site at http://www.opportunitylouisiana.com/assets/LED/docs/Performance_Reportin...
In December 2012 Louisiana announced a subsidy package worth at least $135 million for Sasol, a South African energy company, for building a gas-to-liquid (GTL) and ethane cracker complex. The press release indicated $115 million for land acquisition and infrastructure costs and $20 million for a new training facility. In addition, the company was offered other subsidies whose value at that time was not disclosed. These include assistance through the state's FastStart worker training program, payroll rebates and tax breaks through the Industrial Tax Exemption program. In August 2013, the state legislature approved a package of at least $257 million over 10 years, based on the company?s performance. This amount included a $115 million grant for land acquisition and infrastructure costs as well as payroll rebates and other incentives. In 2014, LED awarded the company $84.7 million in Quality Jobs payments over 10 years. The jobs projection includes 435 retained jobs and 1,253 new positions. The $21 billion investment figure is the upper end of a range of $16-21 billion cited by Gov. Jindal. Overlaps with main Subsidy Tracker data: a 2014 Quality Jobs Program entry for $84,752,896 for Sasol North America, Inc.