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: 
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