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.
