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Subsidy Tracker Individual Entry

Company: Union Carbide Corporation
Parent Company: Dow Inc.
Subsidy Source: state
Location: Louisiana
City: Taft
County: St. Charles
Address: Highway 18, River Rd
Zip: 70057
NAICS Industry Code: 325188
Project Description: The project upgraded and reconfigured the Electrical Distribution system at the St. Charles plant in order to strengthen the facilities' electrical substation and equipment for providing power to the site's production units. The Phase 2 upgrades and equipment installed included electrical wiring, fiber optic cabling, switchgears, air handling units, temperature and humidity control units, electronic equipment, power supply equipment and battery chargers. Electrical Distribution Reconfiguration is an effective and efficient way to ensure load distribution of the network's elements and to improve system reliability and voltage profiles. The upgrades benefit the facility by providing consistent and reliable electric and power sources.
Year: 2023
Major Industry of Parent: chemicals
Specific Industry of Parent: materials sciences
Subsidy Value: $2,190,232
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:  $24,769,380
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.