Subsidy Tracker Individual Entry

Company: 
DuPont
Parent Company: 
Chemours
Subsidy Source: 
state
Location: 
North Carolina
City: 
Winston-Salem
County: 
Bladen
Project Description: 

Teflon chemical plant

Year: 
1999
Major Industry of Parent: 
chemicals
Specific Industry of Parent: 
chemicals
Subsidy Value: 
$55,000,000
Program Name: 
legislative action
Awarding Agency: 
North Carolina legislature
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
125
Source of Data: 

The subsidy amount and job estimate came from: "Hunt Lauds Tax Break Given to DuPont Plant," Associated Press story published in Durham Herald-Sun, July 16, 1999.

Notes: 

The legislature created a special tax credit for DuPont allowing it to reduce its annual state corporate tax liability by $2.75 million a year for 20 years. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.