Global Trade Alert
Global Trade Alert

United States of America/State of Texas: Grants and tax abatements for an Exxon/SABIC project

Announcement

21 Mar 2017

State and local governments provide support for a refinery project.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

21 Mar 2017

Revocation date:

No revocation date

Updated: 21 Mar 2017
Financial grant In force

The project is also supported by a Texas Enterprise Fund (TEF) offer of $1.35 million to SABIC and a TEF offer of $5 million to ExxonMobil, as announced by the governor of Texas on April 19, 2017.<...

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Updated: 21 Mar 2017
Tax or social insurance relief In force

On March 21, 2017 the Gregory-Portland School Board in the state of Texas approved tax abatements for more than 15 years, part of $460 million package of tax breaks sought from local governing bodi...

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