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MegadealsSubsidy Tracker Individual Entry
Company: Gulf Coast Asphalt Co.
Parent Company:
Gulf Coast Asphalt
Subsidy Source: federal
State in Which Facility Is Located: Alabama
County: Mobile
Year: 2009
Major Industry of Parent: chemicals
Specific Industry of Parent: asphalt products
Value of Loan, Loan Guarantee or Bailout Assistance: $40,000,000
Loan Value Notes: Loan amounts do not reflect repayments. See the original source for that information.
Program Name: Gulf Opportunity Zone Bonds
Awarding Agency: Internal Revenue Service
Type of Subsidy: federal tax-exempt bond
Source of Data:
(click here)
Notes: In the wake of Hurricane Katrina, the federal government provided Louisiana, Mississippi and Alabama allocations of private activity bonds, the interest on which was exempt from federal taxes. The face value amount is the value of the bonds issued by the state minus any rescinded amounts.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.