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MegadealsSubsidy Tracker Individual Entry
Company: Magna Composites
Parent Company:
Magna International
Subsidy Source: local
Location: North Carolina
City: Lenoir
County: Caldwell
Project Description: expansion of operation and creation of additional jobs
Year: 2010
Major Industry of Parent: automotive parts
Specific Industry of Parent: automotive parts
Subsidy Value: $362,000
Program Name: Caldwell County: Local Jobs Incentive
Awarding Agency: Caldwell County Economic Development Agency
Type of Subsidy: grant
Number of Jobs or Training Slots: 181
Capital Investment: $8,000,000
Source of Data: Direct from agency; not on web
Notes: Subsidy is grant of $2,000 per job created. Year is year credit began. Jobs figure is created jobs over five year period. Capital investment is private investment in company over five year period.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.