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MegadealsSubsidy Tracker Individual Entry
Company: Mercury Marine
Parent Company:
Brunswick Corp.
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.