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MegadealsSubsidy Tracker Individual Entry
Company: I Squared R Element Co., Inc.
Parent Company:
Subsidy Source: local
Location: New York
City: AKRON
Address: 12600 Clarence Center Road
Zip: 14001
Project Description: Manufacturing; Construction of a 36,000 sq. ft. expansion of the company's existing 86,000 sq. ft. manufacturing facilities. Existing warehouse space will be re-located to the newly built addition freeing up the old space for the addition of furnaces for increased production & research & development. The company will also purchase machinery and equipment.
Year: 2019
Subsidy Value: $9,676
Program Name: Industrial Development Agencies
Awarding Agency: Erie County Industrial Development Agency
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 79
Wage Data: $0
Wage Data Type: yearly salary
Capital Investment: $2,128,280
Source of Data:
(click here)
Notes: Year is fiscal year. Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. Jobs data is total current FTE. Wage data is estimated yearly salary created. See original source for further details on jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure. Investment is total project cost.
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