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 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
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.