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MegadealsSubsidy Tracker Individual Entry
Company: Alcoa
Parent Company:
Alcoa
Subsidy Source: state
Location: New York
City: Massena
County: St. Lawrence
Project Description: aluminum smelting plant
Year: 2015
Major Industry of Parent: metals
Specific Industry of Parent: metals
Subsidy Value: $68,800,000
Subsidy Value in 2023 Dollars: $88,750,617
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL (Archived)
![Megadeal (Archived) is a designation we give to megadeals of less than $100 million. In January 2024, we stopped updating and collecting megadeals with the total value less than $100 million; existing megadeals of less than this amount have been archived as Megadeal (Archived). Many of them are packages involving multiple state and local subsidies. We created the list to fill gaps in the official disclosure data that make up the bulk of the content in Subsidy Tracker. Megadeal entries thus rely on a wide variety of information sources. In some cases these entries overlap entries from specific subsidy programs. In those instances the dollar totals on the Parent Summary Pages and the State Summary Pages are adjusted to avoid double-counting.](https://subsidytracker.goodjobsfirst.org/resources/images/qmark.gif)
Number of Jobs or Training Slots: 600
Source of Data: The subsidy value and projected number of retained jobs come from: Brian Nearing, "Alcoa Jobs Saved in North Country," Albany Times-Union, November 25, 2015. Also see Gov. Cuomo's press release at
(click here)
Notes: The subsidy package consists of $38.8 million in capital and operating assistance from Empire State Development and $30 million in electricity savings from the New York Power Authority. The package was said to be necessary to save 600 jobs. Alcoa would be subject to financial penalties if the employment level falls below that figure. 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.