Company: Hemlock Semiconductor Parent Company: Corning Inc. Subsidy Source: multiple Location: Tennessee City: Clarksville County: Montgomery Project Description: polycrystalline silicon plant Year: 2008 Major Industry of Parent: miscellaneous manufacturing Specific Industry of Parent: glass & ceramic products Subsidy Value: $479,400,000 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
Number of Jobs or Training Slots: 500 Capital Investment: $1,100,000,000 Source of Data: The value and the breakdown of the subsidy package are taken from: Nevin Batiwalla, "Hemlock not only solar investment 'getting hit,'" Nashville Business Journal, January 18, 2013; online at (click here). The jobs and investment projections come from: Getahn Ward, "Clarksville Selected for Factory," The Tennessean, December 13, 2008. Notes: The state portion of the package included: $95 million to construct the plant; $6 million for workforce development (via Austin Peay State University); and an estimated $280 million in potential tax credits. The local subsidies included up to $77.8 million in property tax abatements (listed separately in Subsidy Tracker in 2011 entries for County PILOT agreements but without an amount) and $20.6 million in other incentives. The company also received a $60.5 million grant from the federal Tennessee Valley Authority (not included in the total). 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.