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MegadealsSubsidy Tracker Individual Entry
Company: Stuller, Inc.
Parent Company:
Subsidy Source: state
Location: Louisiana
City: Lafayette
County: Lafayette
Address: 302 Rue Louis XIV
Zip: 70508
NAICS Industry Code: 339910
Project Description: Stuller had an increase in demand which necessitated we increased the utilization and current capacity within our manufacturing facility and were required to purchase additional equipment to meet these demands. We increased the area within the facility dedicated to manufacturing and packaging departments. This required construction of additional workspaces including stone setting benches, back up generators, carousels as well as other modifications to convert the area for manufacturing and packaging purposes. We also purchased additional manufacturing equipment that will assist us with becoming more efficient by manufacturing with new technologies. We have implemented more efficient modules within our manufacturing ERP system and software. We purchased additional 3D printers to expand our digital manufacturing capabilities, constructed an automated diamond picking robot, purchased Benzinger precision turning machines, casting and clipping machines, automated melee screening machines as well as various other manufacturing and packaging equipment.
Year: 2022
Subsidy Value: $316,657
Program Name: Industrial Tax Exemption
Awarding Agency: Commerce & Industry Board
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 20
Wage Data: $620,000
Wage Data Type: Estimated New Payroll
Capital Investment: $5,026,308
Source of Data:
(click here)
Notes: Year is Application Board Approval Date. Subsidy is the Estimated First Year Exemption multiplied by 5 (the number of subsidy years). Jobs figure is number of new positions. Investment data is the sum of Estimated Building And Material, Estimated Machinery and Equipment, and Estimated Labor And Engineering which equal the Total Estimated Investment. The subsidy can be renewed for additional 5 years. Search for possible associated entries.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.