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Does the State of North Carolina benefit in any way from Alcoas operations?

April 26, 2017Alcoa benefit north carolina operations State

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Does the State of North Carolina benefit in any way from Alcoas operations?

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Alcoa currently pays $6.6 million in Federal, State and local taxes annually from the Yadkin Project. What other benefit from a private company the State expects is unknown. 100% of its profits is a bit steep. Alcoa does pay over $1 million a year in local property taxes. The Alcoa Foundation has benefited the local area with grants to law enforcement, economic development, conservation, and other causes.