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MegadealsSubsidy Tracker Individual Entry
Company: Tri-State Industries of Louisiana LLC
Parent Company:
Subsidy Source: state
Location: Louisiana
City: Alexandria
County: Rapides
Address: 1111 North Third Street
Zip: 71301
NAICS Industry Code: 332312
Project Description: As a result of one of their major customers consolidating their production to Alexandria, Tri State began an addition/expansion to its facility to address the needs of new products being manufactured in the area. As a result of COVID and the economic downturn which has followed in several key industries, this project has now become a retention to maintain operations in Louisiana. New Robot welders and related equipment, along with traditional welding equipment, shears, angle roll and punches were purchased to increase efficiency and capacity at the facility. Electrical upgrades including a new 200 amp panel were also installed and several items of equipment were relocated throughout the facility to make accommodations as well as stream-line the manufacturing process at the facility.
Year: 2022
Subsidy Value: $54,298
Program Name: Industrial Tax Exemption
Awarding Agency: Commerce & Industry Board
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 0
Capital Investment: $772,557
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
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