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Subsidy Tracker Individual Entry

Company: Escanaba Paper Company
Parent Company: Apollo Global Management
Subsidy Source: state
Location: Michigan
City: Wells
County: Delta
Project Description: Facility to control or dispose of water pollutants
Year: 1998
Major Industry of Parent: private equity (including portfolio companies)
Specific Industry of Parent: private equity (including portfolio companies)
Subsidy Value: undisclosed
Program Name: Water Pollution Control Exemption
Awarding Agency: State Tax Commission
Type of Subsidy: property tax abatement
Capital Investment: $42,000
Value of Exempted Property: $21,000
Source of Data: (click here)
Notes: Program provides a 100% property and sales tax exemption for investments in air pollution control equipment. Eligible facilities must be certified by the Michigan Dept. of Environment, Great Lakes, and Energy. Subsidy value not disclosed. Investment is the cost of the exempted property.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.