Jefferson Parish gives company $80M tax break for nine 9 jobs – Louisiana Illuminator ...Middle East

The Jefferson Parish Council approved its portion of an $80 million tax break last week for a Japanese company that plans to build a chemical plant on the west bank in exchange for nine full-time jobs. UBE Corp. plans to construct a facility that makes chemical solvents for electric vehicle batteries. The factory will be located at the Cornerstone Chemical Complex on the Mississippi River in Waggaman.  The subsidy comes from Louisiana’s Industrial Tax Exemption Program (ITEP), which offers industrial manufacturers huge exemptions on property taxes that local governments collect to pay for things such as public schools, drainage, roads, law enforcement and other services. UBE received state

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