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MegadealsSubsidy 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
(click here)
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: If an online information source is not working, check the Tracker
inventory page for an updated link.