ANNOUNCEMENT 18 Oct 2011In October 2011, a US state government announced a targeted tax change.
NUMBER OF INTERVENTIONS
Main data from Good Jobs First at http://www.goodjobsfirst.org/sites/default/files/docs/Megadeals_February2015.xlsx.
October 18, 2011 press release issue by Gov. Bobby Jindal; available online at: http://www.gov.state.la.us/index.cfm?md=newsroom&tmp=detail&articleID=3058
In 2011 the Louisiana Economic Development agency provided a $214 million performance-based subsidy package over 10 years for Huntington Ingalls Industries to retain a shipbuilding facility in the state. The package included job-creation tax credits, job training assistance via Louisiana FastStart, and funds to retool and modernize the facility.
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.