Wednesday, March 26, 2014

Updated: PA State Government

We've added a Pennsylvania Subsidy Tracker on the PA State Government page. A subsidy is a form of financial support given by the government to an economic sector (whether it's an institution, business or individual).

Pennsylvania has spent $4,468,568,047 on 7,804 subsidies archived back through 2006. These subsidies come in several forms to big and small businesses across the state, including training reimbursements, tax increment/financing and tax credits or rebates.

The link to the Pennsylvania Subsidy Tracker additionally outlines the top parent companies to which Pennsylvania has awarded subsidies. The largest subsidy Pennsylvania awarded was a $1,650,000,000 megadeal with Royal Dutch Shell, granting $66 million in tax breaks for the next 25 years, beginning in 2012.

Pennsylvania has additionally awarded 10 subsidies to Merck for more than $41 million, predominantly in the form of tax credits and rebates. The only state to provide more subsidies for Merck is North Carolina, which has granted 15 subsidies worth $51,290,022.

As these reports are added to the Data Center, Digital First Media reporters will comb through the details and report on their findings. Be sure to check back for links to their coverage.

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