Subsidy Tracker Individual Entry

Company: 
National Semiconductor (now Texas Instruments)
Parent Company: 
Texas Instruments
Subsidy Source: 
multiple
Location: 
Maine
City: 
South Portland
Project Description: 

computer chip plant

Year: 
1995
Major Industry of Parent: 
electrical and electronic equipment
Specific Industry of Parent: 
semiconductors
Subsidy Value: 
$123,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
450
Capital Investment: 
$600,000,000
Source of Data: 

The subsidy amount came from estimates in a 2001 report published by the Maine Citizen Leadership Fund and described in: Allan Drury, "Good Business or Corporate Welfare?" Portland Press Herald, April 29, 2001. The jobs and investment projections came from: Tess Nacelewicz, "Firm Wins Approval of Tax Plan," Portland Press Herald, October 17, 1995.

Notes: 

The package included local property tax abatements, tax increment financing and assistance from the state's Business Equipment Tax Reimbursement (BETR) Program. The plant was taken over by Texas Instruments in 2011. Overlaps with main Subsidy Tracker data: three BETR entries for 2009, 2010 and 2011 totaling $6.9 million.

Source Notes: 
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