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MegadealsSubsidy 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 (Archived)
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: If an online information source is not working, check the Tracker
inventory page for an updated link.