Subsidy Tracker Individual Entry

Company: 
Wacker Chemie
Parent Company: 
Wacker Chemie
Subsidy Source: 
multiple
Location: 
Tennessee
City: 
Cleveland
Project Description: 

polycrystalline silicon plant

Year: 
2009
Major Industry of Parent: 
chemicals
Specific Industry of Parent: 
chemicals
Subsidy Value: 
$210,500,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
500
Capital Investment: 
$1,000,000,000
Source of Data: 

The value and the breakdown of the subsidy package are taken from: Annie Johnson, "Solar incentives: Here's where the money was spent," Nashville Business Journal, August 19, 2011; online at http://www.bizjournals.com/nashville/print-edition/2011/08/19/solar-ince.... The jobs and investment projections came from: "German Solar Firm Plans $1B Tenn. Plant," Nashville Business Journal, February 26, 2009.

Notes: 

The $210.5 million subsidy package included $83 million from the state in job tax credits, sales tax exemptions and infrastructure grants. On the local level, the company received property tax abatements worth $127.5 million over 20 years. The local property tax abatements are listed separately in the main Subsidy Tracker data under County PILOT agreements but without dollar amounts.

Source Notes: 
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