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MegadealsSubsidy Tracker Individual Entry
Company: Ville Platte Iron Works, Inc.
Parent Company:
Subsidy Source: State
Location: Louisiana
City: Ville Platte
County: Evangeline
Address: 256 Holloway Blvd.
Zip: 70586
Project Description: To build an 18,000 sq ft coating building and a 5.000 sq ft welding building. We will also be renovating our existing building to make room for additional CNC machines. We have run out of room for new CNC machines that we are needing to purchase to house the additional work we are needing. What we will be doing is taking down the walls in the main building that break it up so that building will be solely for CNC machines. We have a minimum of 7 more machines that need to be purchased at this time and this would give us the room for that. As this is taking space away from the welding and coating divisions, we will be building a 5,000 sq ft welding building and an 18,000 sq ft coating and blasting building.
Year: 2020
Subsidy Value: $907,164
Program Name: Quality Jobs Program
Awarding Agency: Louisiana Economic Development
Type of Subsidy: tax credit
Number of Jobs or Training Slots: 102
Wage Data: $18,543,839
Wage Data Type: Estimated Total Payroll
Capital Investment: $2,200,000
Source of Data:
(click here)
Notes: Year is application board approval date. Subsidy is the sum of Estimated 10 Year Payroll Rebate and Estimated 10 Year S&U or Investment Tax Credit. Jobs is the sum of estimated 10 year new jobs, existing jobs, and estimated construction jobs, which equals the estimated total jobs. Wage data is the sum of estimated 10 year payroll, existing payroll, and estimated construction payroll, which equals the estimated total payroll. Investment data is the sum of Estimated Building And Material, Estimated Machinery And Equipment, and Estimated Labor And Engineering which equals the Total Estimated Investment.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.