Subsidy Tracker Individual Entry
The value and the breakdown of the subsidy package and the job and investment projections are taken from: "Auditor's report gives high marks to SeverCorr project," The Associated Press State & Local Wire, August 11, 2006. The state auditor's report the article discusses can be found online at http://www.osa.ms.gov/documents/performance/severcorr072806.pdf
The package included: a $25 million in grant from the state; up to $70 million in loans from the state; state job tax credits potentially worth $2.25 million; and a $2.5 million property abatement from the county. In 2006, the Severstal announced an expansion but there are no reports on additional subsides. In 2014 Severstal sold the plant to Steel Dynamics. Overlaps with main Subsidy Tracker data: none.