ANNOUNCEMENT 19 Jun 2015In an agreement reached in 2014 with the state of Louisiana, Cheniere Energy Inc. will expand its Sabine Press liquefied natural gas export facility in Cameron Parish. The incentive package includes a requirement to hire locally.
NUMBER OF INTERVENTIONS
The company will utilize Louisiana’s Quality Jobs and Industrial Tax Exemption Program incentives on the project. According to data posted http://www.goodjobsfirst.org/sites/default/files/docs/pdf/megadeals_report.pdf the estimated ten-year value of the tax exemption is $1,689,328,873.
Conditions for eligibility for the USD 1.7 billion tax exemption granted through 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.