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Subsidy Tracker Individual Entry

Company: The Folger Coffee Company
Parent Company: J.M. Smucker Co.
Subsidy Source: local
Location: Louisiana
City: New Orleans
County: Orleans
Address: 14601 Old Gentilly Road
Zip: 70129
NAICS Industry Code: 311920
Project Description: Plant Additions
Year: 2020
Major Industry of Parent: food products
Specific Industry of Parent: food products
Subsidy Value: $5,830,933
Program Name: Industrial Tax Exemption
Awarding Agency: Commerce & Industry Board
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 5
Wage Data: $245,000.00
Wage Data Type: Estimated New Payroll
Capital Investment: $64,325,000
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.