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Subsidy Tracker Individual Entry

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.