Subsidy Tracker Individual Entry

Company: 
USEC
Parent Company: 
Centrus Energy
Subsidy Source: 
multiple
Location: 
Ohio
City: 
Piketon
Project Description: 

uranium enrichment plant

Year: 
2004
Major Industry of Parent: 
miscellaneous energy products and systems
Specific Industry of Parent: 
nuclear fuel
Subsidy Value: 
$125,100,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
500
Wage Data: 
$50000
Wage Data Type: 
average annual earnings
Capital Investment: 
$1,500,000,000
Source of Data: 

The value and the breakdown of the subsidy package are taken form: "Detail of Ohio's incentive package offered to USEC," The Associated Press State & Local Wire, February 18, 2004. The jobs, wage and investment projections are taken from: Jeffrey Sheban, "Piketon to get plant," Columbus Dispatch, January 13, 2004.

Notes: 

The $125 million subsidy package for locating a uranium enrichment plant in Ohio included: an estimated $64.3 million in various state tax subsidies for jobs creation and equipment purchases; $26 million in local property tax abatements and in other unspecified subsides; $20 million from the state to install air quality equipment; $7 million for roads and water infrastructure; $5.8 million in state business development grants; and $2 million for job training (parts of which are listed separately in the main Subsidy Tracker data for the years 2008- 2011 in Industrial Training Grant entries) . The state spent about $7.5 million to attract the deal (not included in the total). As of March 2013, the plant was still under construction.

Source Notes: 
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