Subsidy Tracker Individual Entry
Company:
Stion Solar
Parent Company:
Stion
Subsidy Source:
state
Location:
Mississippi
City:
Hattiesburg
County:
Forrest
Project Description:
solar panel production facility
Year:
2011
Major Industry of Parent:
utilities and power generation
Specific Industry of Parent:
solar energy materials
Subsidy Value:
$75,000,000
Program Name:
Mississippi Industry Incentive Financing Revolving Fund
Awarding Agency:
Mississippi Development Authority
Type of Subsidy:
MEGADEAL 
Number of Jobs or Training Slots:
1,000
Capital Investment:
$500,000,000
Source of Data:
The value of the main subsidy and the jobs and investment projections came from: Elizabeth Crisp, "New jobs headed to Hattiesburg," Jackson Clarion-Ledger, January 5, 2011. 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 state provided a $75 million low-cost loan from the Mississippi Industry Incentive Financing Revolving Fund. The city and county provided a fee-in-lieu-of-ad-valorem-taxes agreement, the value of which was not reported (Terry L. Jones, "Solar panel company gets local tax incentives," Hattiesburg American, January 6, 2011). Overlaps with main Subsidy Tracker data: a $75 million Industry Incentive Financing Revolving Fund entry. There are also two Workforce Education training program entries totaling $66,168 for 2011 and an Advantage Jobs entry for 2012 with no amount available.
Source Notes:
If an online information source is not working, check the Tracker inventory page for an updated link.
