Subsidy Tracker Individual Entry

Company: 
Stowe Woodward
Parent Company: 
Andritz
Subsidy Source: 
state
Location: 
Louisiana
City: 
Ruston
County: 
Lincoln
Address: 
3101 MacDonald Avenue
Zip: 
71279
NAICS Industry Code: 
326299
Project Description: 

The Company is expanding its existing manufacturing facility in Ruston, LA to house additional equipment for new production lines. The expenses incurred specific to real property improvements are estimated at $2.5 million. An additional $3.5 million will be incurred on machinery and equipment. The project is expected to result in the creation of six (6) new FTEs and the retention of an additional thirty (30) FTEs.

Year: 
2009
Major Industry of Parent: 
industrial equipment
Specific Industry of Parent: 
industrial equipment
Subsidy Value: 
$385,737
Program Name: 
Industrial Tax Exemption
Awarding Agency: 
Commerce & Industry Board
Type of Subsidy: 
property tax abatement
Number of Jobs or Training Slots: 
6
Wage Data: 
$330000
Wage Data Type: 
payroll
Capital Investment: 
$2,496,679
Notes: 

subsidy value is amount awarded; jobs, wages and investment amounts are projected

Source Notes: 
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