Subsidy Tracker Individual Entry

Company: 
Lockheed Martin Corporation
Parent Company: 
Lockheed Martin
Subsidy Source: 
state
Location: 
New Jersey
City: 
Camden
County: 
Camden
Project Description: 

Relocation of laboratory facilities from another location in NJ

Year: 
2014
Major Industry of Parent: 
aerospace and military contracting
Specific Industry of Parent: 
aerospace & military contracting
Subsidy Value: 
$107,000,000
Program Name: 
Grow New Jersey Assistance Program
Awarding Agency: 
New Jersey Economic Development Authority
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
250 retained jobs; 0 new jobs
Wage Data: 
$98,000
Wage Data Type: 
median wages
Capital Investment: 
$146,379,719
Source of Data: 

All data was taken from the agenda for a board meeting of New Jersey's Economic Development Authority on November 10, 2014; available online at: http://www.njeda.com/web/pdf/11102014_Agenda.pdf. See also: Jim Walsh, "Lockheed Martin wins approval for tax breaks," Courier-Post, November 11, 2014; online at: http://www.courierpostonline.com/story/news/local/south-jersey/2014/11/1...

Notes: 

To retain 250 jobs, New Jersey Economic Development Authority awarded Lockheed Martin $107 million in tax credits over 10 years. The company will move two facilities from Moorestown, NJ to Camden, NJ. Investment is estimated eligible capital investment by the company. Overlaps with main Subsidy Tracker data: a 2014 Grow New Jersey Assistance Program entry for Lockheed Martin Corporation for $107 million.

Source Notes: 
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