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MegadealsSubsidy Tracker Individual Entry
Company: St Marys Cement Incorporated (U.S.)
Parent Company:
Subsidy Source: state
Location: Michigan
City: Charlevoix
Address: 16000 Bells Bay Road Charlevoix
Zip: 49720
Project Description: MSF approved $4,133,214 in local and school tax capture for the County of Charlevoix Brownfield Redevelopment Authority to redevelop assets owned by St. Marys Cement Inc. in the Township of Charlevoix. The project will consist of alleviating brownfield conditions at the site and demolishing and removing existing outmoded structures and equipment. St. Marys Cement currently owns a cement manufacturing plant at the site and is evaluating plans to expand operations and modernize the cement making process in order to increase production capacity. The company is considering, as an expansion alternative, the long-term operation of its plant in Dixon, Illinois. If the Charlevoix site is selected, the project is expected to generate a total capital investment of $130 million and create 10 full-time jobs as well as retain 139 jobs.
Year: 2015
Subsidy Value: $3,104,457
Program Name: Brownfield TIF Local Mills
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: tax increment financing
Number of Jobs or Training Slots: 160
Source of Data:
(click here)
Notes: Year is fiscal year. Jobs is sum of new and retained positions.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.