Subsidy Tracker Individual Entry

Company: 
Rolls-Royce
Parent Company: 
Rolls-Royce
Subsidy Source: 
multiple
Location: 
Virginia
County: 
Prince George
Project Description: 

aircraft engine plant

Year: 
2007
Major Industry of Parent: 
aerospace and military contracting
Specific Industry of Parent: 
aerospace & military contracting
Subsidy Value: 
$56,800,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
500
Capital Investment: 
$170 million
Source of Data: 

The subsidy details and ultimate employment projection came from: Jeff E. Schapiro, "Virginia paying to acquire factory," Richmond Times Dispatch, November 21, 2007. The investment figure came from "Flying high with Prince George County complex," The Progress-Index, November 25, 2007.

Notes: 

The $56.8 million state package included a $35 million special performance grant, $6 million from the Governor's Opportunity Fund and $8.7 million in training reimbursement. The package also included local incentives, the value of which were not reported. Overlaps with main Subsidy Tracker data: three special performance grant entries totaling $20.5 million and three training reimbursements totaling $1.1 million.

Source Notes: 
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