Subsidy Tracker Individual Entry

Company: 
KiOR
Parent Company: 
KiOR
Subsidy Source: 
multiple
Location: 
Mississippi
City: 
Multiple
County: 
Multiple
Project Description: 

biofuel production facilities

Year: 
2010
Major Industry of Parent: 
miscellaneous energy products and systems
Specific Industry of Parent: 
biofuels
Subsidy Value: 
$75,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Capital Investment: 
$500,000,000
Source of Data: 

The value of the main subsidy and the investment projection came from a n August 30, 2010 press release issued by the company; online at http://www.kior.com/content/article.php?Atricle=1&s=2&s2=35&p=35&t=News-.... Also see the 2012 Mississippi Incentives Report obtained by the Bigger Pie Forum and posted at http://www.biggerpieforum.org/blog/mississippi-incentives-report-2012-0.

Notes: 

The main subsidy was a no-interest $75 million loan from the state in connection with company plans to build up to five facilities. The first one, in Columbus, started production in November 2012. The company also negotiated property tax abatements with several localities, the value of which is not available. KiOR is also seeking a federal loan guarantee. Overlaps with main Subsidy Tracker data: a $77 million entry for the Industry Incentive Financing Revolving Fund, two Workforce Education training program entries totaling $300,000 for 2011 and a $150,000 Development Infrastructure Program entry for 2011.

Source Notes: 
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