Subsidy Tracker Individual Entry

Company: 
Union Tank Car (now owned by Berkshire Hathaway)
Parent Company: 
Berkshire Hathaway
Subsidy Source: 
multiple
Location: 
Louisiana
City: 
Alexandria
Project Description: 

rail car plant

Year: 
2004
Major Industry of Parent: 
diversified
Specific Industry of Parent: 
diversified
Subsidy Value: 
$65,200,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
850
Capital Investment: 
$100,000,000
Source of Data: 

The value of the subsidy package, the projected number of jobs and the projected investment came from: Robert Travis Scott, "Rail Car Firm Makes U-Turn to La.," New Orleans Times-Picayune, June 18, 2004.

Notes: 

The subsidy package consisted of: $32 million for construction costs and infrastructure improvements; $19.1 million in estimated rebates for job creation; $9.8 million in property tax breaks; $2.3 million in state sales tax rebates on machinery purchases; and a $2 million state-funded training program. Overlap with main Subsidy Tracker data: none.

Source Notes: 
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