Subsidy Tracker Individual Entry
computer chip plant
The subsidy value comes from: John Borland, "Company towns: The cost of tax breaks," CNET News.com, November 13, 2003.
The largest portion of the subsidy came from property tax abatements linked to the issuance of taxable industrial revenue bonds (IRBs). The Boland article provided the following breakdown: $155 million in county property tax abatements, $100 million in state investment tax credits, $300 million in state compensating tax abatements, and a $90 million state corporate income tax reduction. These figures were as of 2003, before a new IRB/abatement deal was struck. Overlaps with main Subsidy Tracker data: none.