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MegadealsSubsidy Tracker: Industry Summary Page
Major Industry: industrial equipment
Subsidy Total: $971,663,579
Number of Awards: 3,042
Time Period: Earliest year of data: 1968. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this industry are for the period since 2012.
Notes: The total includes only those entries matched to a parent company. The industry designation is the primary one for the parent's operations overall. Dollar totals do not include awards for which no subsidy value is disclosed.
Top 10 Parent Companies | Total Subsidy $ | Number of Awards |
Eaton | $239,562,894 | 212 |
ITT Inc. | $82,989,299 | 102 |
Emerson Electric | $81,742,910 | 101 |
Parker-Hannifin | $59,133,644 | 240 |
Giner | $38,550,883 | 47 |
Danfoss | $37,837,271 | 14 |
Precision Combustion Inc. | $35,808,517 | 33 |
SPX Corp. | $33,252,936 | 72 |
Timken | $30,059,653 | 37 |
Luna Innovations | $28,432,143 | 53 |
Individual Subsidy Records:
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Company | Parent | Location | Subsidy Source | Year | Subsidy Value | Loan/Bailout Value | Type of Subsidy |
Instrument and Valve Services Inc. | Emerson Electric | Louisiana | state | 2013 | $3,357,930 | | tax credit/rebate |
Uqm Technologies, Inc. | Danfoss | United States | federal | 2011 | $3,379,762 | | federal grant |
Halox Technologies, Inc. n/k/a IDEX Health & Science | IDEX Corp. | Connecticut | state | 1998 | $3,500,000 | | grant |
Clarcor Air Filtration Products, Inc. | Parker-Hannifin | Indiana | state | 2010 | $3,500,000 | | tax credit/rebate |
Gardner Denver Thomas, Inc. | Ingersoll Rand | Louisiana | state | 2010 | $3,528,709 | | property tax abatement |
Eaton Corporation | Eaton | United States | federal | 2019 | $3,606,218 | | federal grant |
Eaton Corporation | Eaton | United States | federal | 2010 | $3,710,515 | | federal grant |
Giner Electrochemical Systems, LLC | Giner | United States | federal | 2009 | $3,718,465 | | federal grant |
Precision Combustion, Inc. | Precision Combustion Inc. | United States | federal | 2022 | $3,720,317 | | federal grant |
Dover Corporation | Dover Corp. | Illinois | state | 2013 | $3,859,336 | | tax credit/rebate |
Waukesha Electric Systems | SPX Corp. | Wisconsin | state | 2010 | $4,000,000 | | tax credit/rebate |
Nufern, Inc. | Coherent Corp. | Connecticut | state | 2013 | $4,000,000 | | grant/loan hybrid program |
Eaton Corporation | Eaton | United States | federal | 2020 | $4,000,000 | | federal grant |
Luna Innovations Incorporated | Luna Innovations | United States | federal | 2010 | $4,101,178 | | federal grant |
GE Transportation | Westinghouse Air Brake Technologies (Wabtec) | Texas | state | 2011 | $4,200,000 | | grant |
Parker Hydraulics Systems | Parker-Hannifin | Michigan | state | 2010 | $4,384,000 | | tax credit/rebate |
EMERSON CLIMATE TECHNOLOGIES INC | Emerson Electric | Ohio | state | 2016 | $4,500,000 | | grant/loan hybrid program |
EMERSON CLIMATE TECHNOLOGIES INC | Emerson Electric | Ohio | state | 2016 | $4,500,000 | | grant |
Tektronix, Inc. | Fortive | California | state | 2020 | $4,500,000 | | tax credit/rebate |
Babcock & Wilcox Co | Babcock & Wilcox | United States | federal | 2012 | $4,743,926 | | federal grant |
Emerson Electric Co. | Emerson Electric | Kentucky | state | 2005 | $4,759,381 | | tax credit/rebate |
Eaton Corporation | Eaton | United States | federal | 2022 | $4,906,074 | | federal grant |
Eaton Corporation | Eaton | United States | federal | 2016 | $5,444,222 | | federal grant |
SPX Corporation | SPX Corp. | North Carolina | state | 2010 | $5,539,000 | | grant |
Crown Equipment Corporation | Crown Equipment | Ohio | state | 2018 | $5,580,000 | | tax credit/rebate |
Fluid Routing Solutions, Inc. | Park-Ohio Holdings | Kentucky | state | 2010 | $5,600,000 | | tax credit/rebate |
SPX | SPX Corp. | North Carolina | local | 2011 | $5,827,691 | | grant |
Precision Combustion, Inc. | Precision Combustion Inc. | United States | federal | 2023 | $5,853,559 | | federal grant |
Barden Corporation | Schaeffler Technologies | Connecticut | state | 2011 | $6,000,000 | | grant/loan hybrid program |
Gardner Denver Thomas, Inc. | Ingersoll Rand | Louisiana | state | 2009 | $7,181,275 | | tax credit/rebate |
Clarcor Air Filtration Products, Inc. | Parker-Hannifin | Kentucky | state | 2001 | $8,701,079 | | tax credit/rebate |
Lincoln Electric Company | Lincoln Electric Holdings | Ohio | state | 2012 | $9,000,000 | | tax credit/rebate |
Waukesha Electric Systems, Inc. | SPX Corp. | United States | federal | 2010 | $12,450,000 | | federal allocated tax credit |
Swagelok Manufacturing Company, LLC | Swagelok | Ohio | state | 2018 | $13,000,000 | | tax credit/rebate |
Eaton Corporation | Eaton | Ohio | state | 2008 | $17,670,632 | | tax credit/rebate |
The Timken Company | Timken | Ohio | state | 2011 | $19,463,250 | | tax credit/rebate |
Automatic Switch Company | Emerson Electric | New Jersey | state | 2012 | $24,500,000 | | tax credit/rebate |
Goulds Pumps ITT Industries | ITT Inc. | New York | state | 2014 | $25,073,327 | | enterprise zone |
Uqm Technologies, Inc. | Danfoss | United States | federal | 2010 | $27,148,659 | | federal grant |
Eaton Corporation | Eaton | Ohio | state | 2008 | $30,417,493 | | tax credit/rebate |
ITT Corporation | ITT Inc. | Utah | state | 2011 | $33,656,000 | | tax credit/rebate |
Eaton | Eaton | Ohio | multiple | 2009 | $85,000,000 | | MEGADEAL (Archived) |