Subsidy Tracker Individual Entry

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

Hydrodocracker Project

Year: 
2014
Major Industry of Parent: 
oil and gas
Specific Industry of Parent: 
oil & gas
Subsidy Value: 
$234,442,649
Program Name: 
Industrial Tax Exemption
Awarding Agency: 
Commerce & Industry Board
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
15
Wage Data: 
$1,580,280
Wage Data Type: 
New jobs annual payroll
Capital Investment: 
$1,375,837,140
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 on the 2014 Louisiana Commerce & Industry Board disclosure site at http://www.opportunitylouisiana.com/assets/LED/docs/Performance_Reportin...

Notes: 

This subsidy award is a part of a larger expansion of Valero?s refinery in Norco (see also a 2013 megadeal for Valero Refining for $128,622,663 in Norco). This 10-year property tax abatement is on a hydrocracker installed at the refinery. Overlap with main Subsidy Tracker data: a $ 234,442,649 Industrial Tax Exemption entry for Valero Refining-New Orleans in 2014.

Source Notes: 
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