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MegadealsSubsidy Tracker Individual Entry
Company: Samsung Austin Conductor LLC
Parent Company:
Samsung
Subsidy Source: local
Location: Texas
City: Austin
Project Description: semiconductor plant
Year: 2006
Major Industry of Parent: diversified
Specific Industry of Parent: diversified
Subsidy Value: undisclosed
Program Name: Austin Chapter 380 Agreements
Awarding Agency: Austin City Manager
Type of Subsidy: grant
Number of Jobs or Training Slots: 500
Capital Investment: $3,500,000,000
Source of Data:
(click here)
Notes: Subsidy consists of grants equal to 100 percent of the company's property tax payments on new equipment and increases in the value of real property over ten years; value is not available. This was contingent on an initial investment of $2.5 billion. If the company increased its investment to $3.5 billion, the grants would continue for another ten years in an amount equal to 75 percent of property tax payments. Jobs figure is number of new full-time positions the company was required to create by the end of 2009. It also agreed to create 200 contracts jobs.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.