Wal-Mart Subsidies in Robert, LA
|Address||45346 Parkway Boulevard|
|Type of Facility||distribution center|
|Value of Subsidies||more than $21 million|
NarrativeThe state provided $4.5 million in infrastructure funds for the project. Tangipahoa Parish acquired the entire facility (land, building and equipment) and leased it back to Wal-Mart, thus exempting it from most property taxes. A local official estimated the tax savings for Wal-Mart at about $500,000 per year; we included 30 years, or $15 million, in the total subsidy. Wal-Mart is also receiving enterprise zone tax credits, including a one-time credit of about $1.5 million ($2,500 per job for 600 jobs), and a ten-year rebate on state sales tax on equipment and infrastructure purchases.