Subsidy Tracker Individual Entry

Company: 
Mercury Marine
Parent Company: 
Brunswick
Subsidy Source: 
multiple
Location: 
Wisconsin
City: 
Fond Du Lac
County: 
Fond Du Lac
Project Description: 

boatbuilding plant

Year: 
2009
Major Industry of Parent: 
diversified
Specific Industry of Parent: 
diversified
Subsidy Value: 
$123,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
850
Source of Data: 

The original subsidy figure of $53 million and the number of retained jobs came from: "Mercury Marine offered big incentive package," Green Bay Press-Gazette, September 9, 2009. The $70 million estimate for the state tax credits came from: Rick Barrett, "Mercury deal could cost state $70 million," Milwaukee Journal-Sentinel, November 6, 2009.

Notes: 

The original package of $53 million, which was offered in the wake of reports that the company might move to Oklahoma, included a $50 million low-interest loan from the county and $3 million from the city. It was later disclosed that the state would provide up to $70 million in refundable tax credits, bringing the size of the total package to $123,000,000. The main Subsidy Tracker data contains a $65 million Enterprise Zone Jobs Tax Credit entry.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.