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MegadealsSubsidy Tracker Individual Entry
Company: Steel Dynamics, Inc
Parent Company:
Steel Dynamics Inc.
Subsidy Source: state
Location: Mississippi
City: Columbus
County: Lowndes
Project Description: expansion of an aluminum plant
Year: 2022
Major Industry of Parent: metals
Specific Industry of Parent: steel
Subsidy Value: $247,000,000
Program Name: Mississippi Major Economic Impact Act
Awarding Agency: state legislature
Type of Subsidy:
MEGADEAL
Number of Jobs or Training Slots: 1,000
Wage Data: $93,000
Wage Data Type: average salary
Capital Investment: $2,500,000,000
Source of Data: Grant McLaughlin, "Quarter-billion dollar incentive package passed for new SDI aluminum, biocarbon projects," The Commercial Dispatch (Columbus, Mississippi). November 3, 2022. Via LexisNexis. The enabling legislation can be found at
(click here)
Notes: The state legislators approved the subsidy package during one-day session in November 2022 (HB 1, SB 2001, SB 2002 of the 2022 Extraordinary Session). The package provided under the Mississippi Major Economic Impact Act, includes $155 million in direct subsidies ($55 million will be upfront), $25 million for roads, $18 million to the county to help with land purchase (the county will pay back the money with proceeds form a FILOT agreement with the company); and $45 million in payroll tax rebates. The facility is located at the Golden Triangle Industrial Park. Overlaps with the main data: none.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.