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MegadealsSubsidy Tracker Individual Entry
Company: Southwire Company
Parent Company:
Southwire
Subsidy Source: federal
State in Which Facility Is Located: Georgia
City: Villa Rica
Project Description: Southwire Company was selected for a $6.1 million 48C Advanced Manufacturing Tax Credit to re-equip its facility in Villa Rica, Ga. The company is the leading manufacturer of cable and wire used in electricity distribution in the United States, including control cable for use in renewable energy and smart grid applications. The facility, which will reach full capacity in 2014, is positioned to help foster growth in American manufacturing by producing necessary components for expansion of renewable energy, and will result in 10 construction jobs and 60 new direct manufacturing jobs.
Year: 2013
Major Industry of Parent: miscellaneous manufacturing
Specific Industry of Parent: wire & cable
Subsidy Value: $6,100,000
Program Name: Advanced Energy Manufacturing Tax Credit (48C Program)
Awarding Agency: Department of Energy
Type of Subsidy: federal allocated tax credit
Source of Data: Attachment to December 12, 2013 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.