Company: Yuhuang Chemical, Inc. Parent Company: Shangdong Yuhuang Chemical Subsidy Source: multiple Location: Louisiana City: St. James County: St. James Address: Hwy 3127 at Sidney Rd. NAICS Industry Code: 325199 Project Description: methanol manufacturing complex Year: 2015 Major Industry of Parent: chemicals Specific Industry of Parent: chemicals Subsidy Value: $162,328,482 Program Name: multiple Awarding Agency: Commerce & Industry Board Type of Subsidy:
Number of Jobs or Training Slots: 400 Wage Data: $85,000 Wage Data Type: average annual salary Capital Investment: $1,850,000,000 Source of Data: The value of the Quality Jobs and Industrial Tax Exemption subsidies came from the 2015 Louisiana Commerce & Industry Board disclosure site at (click here) The value of infrastructure grants and the jobs, wage and investment projections came from a July 17, 2016 Louisiana Economic Development press release posted online at (click here) Notes: The package of state and local subsidies for a subsidiary of Shandong Yuhuang Chemical Co. includes: $1.75 million over ten years for riverfront access and development; $9.5 million over five years for infrastructure projects; $22 million via the Quality Jobs program (of which $14.5 million over ten years will come as payroll rebates and $7.5 million as sales and use tax credits); $129 million over ten years via the Industrial Tax Exemption programs. In addition, the company will receive workforce development support from LED FastStart program, which value has not been specified. Overlap with main Subsidy Tracker data: a $129,120,000 entry for Industrial Tax Exemption and a $21,958,482 entry for Quality Jobs, both for Yuhuang Chemical, Inc. in 2015. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.