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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: 
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: If an online information source is not working, check the Tracker inventory page for an updated link.