Subsidy Tracker Individual Entry

Company: 
Shintech
Parent Company: 
Shin-Etsu Chemical
Subsidy Source: 
multiple
Location: 
Louisiana
City: 
Plaquemine
County: 
Iberville
Address: 
26270 LA Highway 405
NAICS Industry Code: 
325211
Project Description: 

PVC (polyvinyl chloride) plant

Year: 
2009
Major Industry of Parent: 
chemicals
Specific Industry of Parent: 
chemicals
Subsidy Value: 
$153,381,115
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
3,152
Wage Data: 
$300000000
Wage Data Type: 
estimated total ten-year payroll
Capital Investment: 
$1,189,923,316
Source of Data: 

The value of the Industrial Tax Exemption and the jobs and investment figures were taken from the 2009 "Board of Commerce & Industry Incentive Approvals" report, p. 132; available online at: http://louisianaeconomicdevelopment.com/additional-resources/performance.... Information about other subsidies offered in 2005 was taken from Robert Travis Scott, "Shintech unveil plans for plant," New Orleans Times-Picayune, January 26, 2005.

Notes: 

No subsidy amounts were indicated when the project was announced in January 2005, but it was stated that Shintech would make use of property tax abatements, sales tax exemptions and Quality Jobs subsidies. The abatement amount (which is also listed in the main Subsidy Tracker data for the Industrial Tax Exemption program) was approved in 2009 and later disclosed.

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