Subsidy Tracker Individual Entry

Company: 
Hemlock Semiconductor (controlled by Dow Corning)
Parent Company: 
DowDuPont
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: 
chemicals
Specific Industry of Parent: 
chemicals
Subsidy Value: 
$372,300,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
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: 
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