Subsidy Tracker Individual Entry

Company: 
Valero Refining
Parent Company: 
Valero Energy
Subsidy Source: 
multiple
Location: 
Louisiana
City: 
Norco
County: 
St. Charles
Address: 
14902 River Road
NAICS Industry Code: 
324110
Project Description: 

New plant/additions to refinery

Year: 
2013
Major Industry of Parent: 
oil and gas
Specific Industry of Parent: 
oil & gas
Subsidy Value: 
$128,622,663
Program Name: 
multiple
Awarding Agency: 
Commerce & Industry Board
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
13
Wage Data: 
$12,566,840
Wage Data Type: 
new ten-year payroll
Capital Investment: 
$691,473,002
Source of Data: 

The subsidy value and the jobs, payroll and investment figures came from entries for Valero Refining-New Orleans for the Industrial Tax Exemption and Quality Jobs Program on the Louisiana Commerce & Industry Board disclosure site at http://www.opportunitylouisiana.com/assets/LED/docs/Performance_Reportin.... See also: Juliuet Linderman, "Valero plans expansion in St. Charles," Times-Picayune, July 17, 2013.

Notes: 

The subsidy value is the total of the estimated value of a ten-year property tax exemption, Quality Jobs sales and use tax credits, and Quality Jobs payroll rebates. Jobs figure is number of new permanent positions. Overlap with main Subsidy Tracker data: a $118,864,209 Industrial Tax Exemption entry for Valero Refining-New Orleans and a $9,758,454 Quality Jobs entry for the same company.

Source Notes: 
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