Subsidy Tracker Individual Entry

Company: 
Eastman Chemical
Parent Company: 
Eastman Chemical
Subsidy Source: 
multiple
Location: 
Tennessee
City: 
Kingsport
Project Description: 

Project Reinvest expansion of chemical complex

Year: 
2007
Major Industry of Parent: 
chemicals
Specific Industry of Parent: 
chemicals
Subsidy Value: 
$100,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Capital Investment: 
$1,300,000,000
Source of Data: 

The estimated value of the tax credits and the investment projection came from: Duncan Mansfield, "Eastman Chemical announces $1.3B headquarters investment," Associated Press, July 19, 2007.

Notes: 

The estimate of the value of the tax credits over ten years was attributed to Eastman CEO Brian Ferguson. A company press release mentioning other parts of the package--including job training and infrastructure assistance--without dollar figures can be found online at http://markets.financialcontent.com/stocks/news/read/2866226/Governor_Br... Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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