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: 
MEGADEAL
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: 
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