ANNOUNCEMENT 15 Sep 2010

In 2010 the state of Louisiana provided an incentives package including state loans and tax deductions to Nucor for an iron and steel facility. Part of the incentives are conditional on the creation of local employment.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Main data from Good Jobs First at http://www.goodjobsfirst.org/sites/default/files/docs/Megadeals_February2015.xlsx.
Robert Travis Scott, "Nucor bonds move forward; State official details incentives for plant," New Orleans Times-Picayune (September 17, 2010) and a September 15, 2010 press release issued by Gov. Bobby Jindal; available online at: http://www.gov.state.la.us/index.cfm?md=newsroom&tmp=detail&articleID=2480


Inception date: 15 Sep 2010 | Removal date: open ended
Still in force

Local labour

Conditions for eligibility for the USD 40 million funding from the Quality Jobs Program include a minimum hiring requirement of local staff and minimum percentages of revenues meeting clients from outside of the state, including foreign customers.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A