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Subsidy Tracker Individual Entry

Company: Hemlock Semiconductor
Parent Company: Corning Inc.
Subsidy Source: state
Location: Michigan
City: Hemlock
County: Saginaw
Address: 12334 Geddes Road
Zip: 48626
Project Description: solar cell and semiconductor manufacturing
Year: 2008
Major Industry of Parent: miscellaneous manufacturing
Specific Industry of Parent: glass & ceramic products
Subsidy Value: $372,300,000
Subsidy Value in 2023 Dollars: $529,684,579
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Number of Jobs or Training Slots: 190
Capital Investment: $1,400,000,000
Source of Data: The main tax credit figure came from: "State woos tech company with $357M tax credit," The Detroit News, May 5, 2008. The additional MEGA tax credit was cited in a December 15, 2008 press release issued by then-Gov. Jennifer Granholm and the state infrastructure grant amount came from a March 18, 2009 press release from the governor's office.
Notes: The bulk of the package came from state tax credits worth an estimated $357 million over 12 years. The company also received $8.4 million in additional state tax credits and a $6.9 million state infrastructure grant via the local government. Overlaps with main Subsidy Tracker data: a $12.2 million MEGA tax credit entry and a $1.2 million Transportation Economic Development Fund entry, both for 2009.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.