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Subsidy Tracker Individual Entry

Company: Siemens Industry, Inc.
Parent Company: Siemens
Subsidy Source: federal
State in Which Facility Is Located: Illinois
City: Elgin
Project Description: Siemens Industry, Inc will manufacture the mechanical drives, gears, pinions, and other components for gear boxes for wind turbines. The resulting product will aid the domestic wind power industry.
Year: 2010
Major Industry of Parent: diversified
Specific Industry of Parent: diversified
Subsidy Value: $28,328,379
Program Name: Advanced Energy Manufacturing Tax Credit (48C Program)
Awarding Agency: Energy Department
Type of Subsidy: federal allocated tax credit
Source of Data: Attachment to January 8, 2010 Energy Department press release: (click here)
Notes: Year is year credit approval was announced.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.