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MegadealsSubsidy Tracker Individual Entry
Company: Vought Aircraft (now owned by Triumph Group)
Parent Company:
Triumph Group
Subsidy Source: state
Location: South Carolina
City: North Charleston
Project Description: aircraft parts plant
Year: 2004
Major Industry of Parent: aerospace and military contracting
Specific Industry of Parent: aerospace & military contracting
Subsidy Value: $160,000,000
Subsidy Value in 2023 Dollars: $259,523,466
Program Name: multiple
Awarding Agency: South Carolina Department of Commerce
Type of Subsidy:
MEGADEAL

Number of Jobs or Training Slots: 1,400
Wage Data: $40000-$50000
Wage Data Type: average yearly wage
Source of Data: The value of the subsidy package, and the jobs and wage projections are taken from: John P. Mcdermott, "State investing millions in plant AH: Vought-Alenia incentives deal gains approval of legislative panel," The Post and Courier, December 8, 2004.
Notes: The maximum subsidy for Vought was not to exceed $160 million, which was the level when 1,400 jobs were created. It appears that the company met the "baseline scenario" and qualified for $116 million with 645 jobs. The facility was established to supply parts to Boeing, which took over the facility in 2008. 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.