Subsidy Tracker Individual Entry

Company: 
Aldrich Chemical
Parent Company: 
Merck KGaA (EMD)
Subsidy Source: 
state
Location: 
Wisconsin
City: 
Milwaukee
County: 
Milwaukee
Address: 
6000 North Teutonia
Project Description: 

TID 52

Year: 
2003
Major Industry of Parent: 
pharmaceuticals
Specific Industry of Parent: 
pharmaceuticals
Subsidy Value: 
$2,426,984
Program Name: 
Milwaukee Tax Incremental Financing
Awarding Agency: 
City of Milwaukee Department of City Development
Type of Subsidy: 
tax increment financing
Number of Jobs or Training Slots: 
586
Notes: 

Project description is TID number. Job figure is the actual number of employees at the location as of end of 2012. Subsidy value is increment paid out to the developer as of 12/31/12. The subsidy was for "extraordinary site improvement expenses necessitated by [Aldrichy] move." "[P]ayments will be reduced if the company's employment in the city declines below 550."

Source Notes: 
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