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Subsidy Tracker Individual Entry

Company: 
Norampac Industries (owned by Cascades Inc.)
Parent Company: 
Cascades Inc.
Subsidy Source: 
multiple
Location: 
New York
City: 
Niagara Falls
County: 
Niagara
Project Description: 

packaging material manufacturing plant

Year: 
2011
Major Industry of Parent: 
paper and packaging
Specific Industry of Parent: 
packaging
Subsidy Value: 
$141,500,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
108
Capital Investment: 
$430,000,000
Source of Data: 

The value and the breakdown of the subsidy package and the job and investment projections were taken from: Mark Scheer, "Norampac bringing $430M plant to the Falls," Niagara Gazette, June 28, 2011. The information on payment in lieu of taxes is taken form: Thomas J. Prohaska, "$400 million paper mill gets OK," Buffalo News, December 19, 2010.

Notes: 

The subsidy package was put together by state and local industrial development agencies for Norampac Industries, a division of Canada's Cascades Inc., for construction of a new facility called Greenpac Mill. The package included: $60 million in brownfield tax credits; $5 million in Empire Zone tax credits; a $3.5 million state grant to improve energy efficiency at the plant; and low-cost hydropower from the New York Power Authority. The company also received assistance of unspecified amounts from the Niagara Falls Water Board and a 20-year PILOT agreement. 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.