Subsidy Tracker Individual Entry
aluminum smelting plant
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 https://www.governor.ny.gov/news/governor-cuomo-and-senator-schumer-anno...
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.