Subsidy Tracker Individual Entry

Company: 
Shintech Louisiana LLC
Parent Company: 
Shin-Etsu Chemical
Subsidy Source: 
State
Location: 
Louisiana
City: 
Plaquemine
County: 
Iberville
Address: 
28740 Hwy 405
Zip: 
70764
Project Description: 

Shintech Louisiana, LLC will construct a new facility that will add additional capacity to its chlor-alkali and vinyl chloride monomer production in Plaquemine, Louisiana. The company will invest $1.321 billion to construct the facilities, including buildings, piping, electrical & control systems, and instrumentation. There will be approximately 60 net new jobs within the first three years of the contract. There will be approximately 3000 new construction jobs.

Year: 
2020
Major Industry of Parent: 
chemicals
Specific Industry of Parent: 
chemicals
Subsidy Value: 
$13,554,449
Program Name: 
Quality Jobs Project
Awarding Agency: 
Louisiana Economic Development
Type of Subsidy: 
tax credit
Number of Jobs or Training Slots: 
3,546
Wage Data: 
$275,836,488
Wage Data Type: 
Estimated Total Payroll
Capital Investment: 
$1,321,000,000
Notes: 

Year is application board approval date. Subsidy is the sum of Estimated 10 Year Payroll Rebate 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: 
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