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MegadealsSubsidy Tracker Individual Entry
Company: Dow Chemical
Parent Company:
Dow Inc.
Subsidy Source: multiple
Location: Michigan
City: Midland
Project Description: manufacturing facilities for renewable energy materials
Year: 2010
Major Industry of Parent: chemicals
Specific Industry of Parent: materials sciences
Subsidy Value: $129,300,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL
Number of Jobs or Training Slots: 6,900
Capital Investment: $1,000,000,000
Source of Data: The value of the job creation tax credits, the Michigan Strategic Fund grant and the federal grant as well as the job and investment projections are taken from a press release issued by Michigan Economic Development Corporation on February 25, 2010; available online at:
(click here). The value of the remaining subsidies is taken form: Kathryn Lynch-Morin, "Dow Chemical reaping windfall, expanding alternative energy reach," MLive.com, February 25, 2010; available online at:
(click here)
Notes: The subsidy package was assembled for an expansion of Dow Chemical facilities used in producing materials for renewable energy generation, such as Dow's Powerhouse Solar Shingle. The subsidy package included: $61.3 million over 15 years in state job creation tax credits; $28 million in local property tax abatements through a Renaissance Zone designation; a $15 million Michigan Business Tax Credit; two brownfield tax credits worth a total of $20 million; and a $5 million grant from the Michigan Strategic Fund. In addition, the U.S. Department of Energy provided the company with a $5 million grant, which is not included in the total here. Overlaps with main Subsidy Tracker data: a $5 million Centers for Energy Excellence entry for 2010, which reflects the Michigan Strategic Fund award.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.