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MegadealsSubsidy Tracker Individual Entry
Company: SEMCORP Manufacturing USA
Parent Company:
Subsidy Source: multiple
Location: Ohio
City: Sidney
County: Shelby
Project Description: electric vehicle battery components manufacturing
Year: 2022
Subsidy Value: $78,200,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL (Archived)
Number of Jobs or Training Slots: 1,200
Wage Data: $73,000,000
Wage Data Type: Annual payroll
Capital Investment: $900,000,000
Source of Data: All major data points are from: John Bush, "City of Sidney approves incentive package for proposed $1B project," Dayton Business Journal, April 28, 2022. Via LexisNexis. Sidney approved the EZ agreement on April 26, 2022; see the city council minutes of meeting at:
(click here). The City's Job Creation Tax Credit was approved on April 25, 2022; the ordinance is at
(click here)
Notes: SEMCORP will produce electric vehicles battery components in a facility located at the Sidney Ohio Industrial Park. The subsidy package includes state and local subsidies. From state: $22.7 million over 15 years via Job Tax Credits from the Ohio Tax Credit Authority and a $2 million grant from the Ohio Department of Transportation for road and infrastructure upgrades at the site (provided to the city to pay the costs). The city provided $31 million over 15 years via the Enterprise Zone tax abatements and $22.5 million over 15 years via Municipal Income Tax Job Creation Tax Credits. We found no mention of subsidies provided by JobsOhio. Overlaps with the main data: none.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.