Company: Nucor Parent Company: Nucor Subsidy Source: state Location: North Carolina City: Winston-Salem County: Hertford Project Description: steel mill Year: 1998 Major Industry of Parent: metals Specific Industry of Parent: steel Subsidy Value: $161,000,000 Program Name: multiple Awarding Agency: state legislature Type of Subsidy:
Number of Jobs or Training Slots: 300 Capital Investment: $300,000,000 Source of Data: The subsidy value and the jobs and investment projections came from: Robert Lamme, "Hunt signs incentives bill into law," Greensboro News & Record, July 24, 1998. Details on the tax credits came from: Dudley Price, "State uses big lure on Nucor," Raleigh News & Observer, June 2, 1998. Notes: The subsidy consisted of various state tax credits, including an enhanced credit for investing in recycling equipment and credits related to the construction of a port on the Chowan River. The company was also given sales tax exemptions on construction materials. 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.