Subsidy Tracker Individual Entry

Company: 
American Water Works Company
Parent Company: 
American Water Works
Subsidy Source: 
state
Location: 
New Jersey
City: 
Camden
Project Description: 

HQ consolidation

Year: 
2015
Major Industry of Parent: 
utilities and power generation
Specific Industry of Parent: 
utilities
Subsidy Value: 
$164,200,000
Program Name: 
Grow New Jersey Assistance Program
Awarding Agency: 
Economic Development Agency
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
consolidation of 596 jobs already in the state, plus 100 new jobs
Capital Investment: 
$20,000,000
Source of Data: 

The subsidy package information was taken from: Leslie A. Pappas, "New Jersey Dangles $164M Incentive to Lure Water Company," Bloomberg BNA, June 18, 2015; online at http://www.bna.com/new-jersey-dangles-n17179927894/

Notes: 

The New Jersey Economic Development Authority approved $164. 2 million over 10 years in business tax credit for American Water Works Company for retaining the company's HQ and jobs in the state. The company plans to consolidate in a new location five offices that it currently has in southern New Jersey. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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