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Subsidy Tracker Parent Company Summary
Parent Company Name: Hormel Foods
Ownership Structure: publicly traded (ticker symbol HRL)
Headquartered in: Minnesota
Major Industry: food products
Specific Industry: meatpacking
| Subsidy Summary | Subsidy Value | Number of Awards |
| State/Local | $32,116,502 | 28 |
| Federal (grants and allocated tax credits) | $0 | 0 |
| TOTAL | $32,116,502 | 28 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $0 | 0 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $26,818,563 | 5 |
| TOTAL | $26,818,563 | 5 |
Time Period for State and Local Awards: Earliest year of data: 2003. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2012.
Time Period for Federal Awards: FY2000 to the present
Notes: Dollar totals do not include awards for which no subsidy value is disclosed.
Links: For a summary of this company's regulatory violations see its Violation Tracker summary page
here.
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
| Iowa | $26,420,122 | 18 |
| Minnesota | $4,869,304 | 2 |
| Nebraska | $400,000 | 1 |
| California | $249,080 | 3 |
| Wisconsin | $104,275 | 3 |
| All other | $73,721 | 1 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
| Company | Location | Subsidy Source  . | Year | Subsidy Value | Loan/Bailout Value | Type of Subsidy |
| HORMEL FOODS CORPORATION | California | state | 2003 | $16,380 | | training reimbursement |
| VALLEY FRESH, INC. | California | state | 2005 | $3,120 | | training reimbursement |
| Burke Marketing Corporation | Iowa | state | 2004 | $200,000 | | grant/loan hybrid program |
| Hormel Foods Corporation | Iowa | state | 2004 | $198,000 | | grant/loan hybrid program |
| Hormel Foods Corporation 04-EZ-12 | Iowa | state | 2004 | $1,421,020 | | enterprise zone |
| Hormel Foods Corporation | Iowa | state | 2008 | $6,115,980 | | tax credit/rebate |
| Burke Marketing Corporation | Iowa | state | 2004 | $855,875 | | tax credit/rebate |
| Hormel Foods Corporation | Illinois | state | 2004 | undisclosed | | tax credit/rebate |
| Hormel Foods Corporation | Illinois | state | 2005 | undisclosed | | tax credit/rebate |
| Hormel Foods Corporation | Illinois | state | 2006 | undisclosed | | tax credit/rebate |
| Hormel Foods Corporation | Illinois | state | 2007 | $73,721 | | tax credit/rebate |
| Hormel Foods Corporation | Illinois | state | 2008 | undisclosed | | tax credit/rebate |
| West Central Turkeys LLC | Minnesota | state | 2007 | undisclosed | | enterprise zone |
| Jennie-O Turkey Store, Inc. | Wisconsin | state | 2011 | $18,105 | | tax credit/rebate |
| Osceola Foods | Iowa | state | 2003 | $761,238 | | training reimbursement |
| Burke Marketing Corporation | Iowa | state | 2008 | $44,596 | | training reimbursement |
| Burke Marketing Corporation | Iowa | state | 2005 | $64,451 | | training reimbursement |
| Hormel Foods Corporation | Wisconsin | state | 2012 | $6,693 | | tax credit/rebate |
| Jennie-O Turkey Store, Inc. | Wisconsin | state | 2012 | $79,477 | | tax credit/rebate |
| Hormel Foods Corporation | Nebraska | state | 2012 | undisclosed | | tax credit/rebate |
| Progressive Processing, LLC | Iowa | state | 2013 | $2,313,000 | | tax credit/rebate |
| Hormel Foods Corporation, Progressive Processing, LLC | Iowa | state | 2019 | $575,706 | | grant/loan hybrid program |
| Hormel Foods Corporation And Burke Marketing Corporation | Iowa | state | 2018 | $10,512,000 | | grant/loan hybrid program |
| Hormel Foods Dba Progressive Processing, LLC | Iowa | state | 2020 | $304,948 | | training reimbursement |
| Burke Marketing Corporation | Iowa | state | 2020 | $569,625 | | training reimbursement |
| Hormel Foods Dba Progressive Processing, LLC | Iowa | state | 2016 | $444,108 | | training reimbursement |
| Hormel Foods Dba Progressive Processing, LLC | Iowa | state | 2014 | $384,695 | | training reimbursement |
| Hormel | Nebraska | state | 2020 | $400,000 | | grant |
| Columbus Mfg Inc | California | state | 2020 | $229,580 | | training reimbursement |
| Jennie-O Turkey Store | Minnesota | local | 2017 | $4,275,000 | | tax credit/rebate |
| Jennie-O-Turkey Store | Minnesota | local | 2014 | $594,304 | | multiple |
| Hormel | Kansas | local | 2017 | undisclosed | | tax abatement |
| Hormel Foods | Iowa | local | 2022 | $317,003 | | tax increment financing |
| Hormel Foods | Iowa | local | 2021 | $665,566 | | tax increment financing |
| Hormel Foods | Iowa | local | 2020 | $672,311 | | tax increment financing |
| Jennie-O Turkey Store, Inc. | United States | federal | 2012 | | $2,700,000 | federal loan or loan guarantee |
| Jennie-O Turkey Store, Inc. | United States | federal | 2014 | | $7,200,000 | federal loan or loan guarantee |
| Jennie-O Turkey Store, Inc. | United States | federal | 2012 | | $7,650,000 | federal loan or loan guarantee |
| Jennie-O Turkey Store, Inc. | United States | federal | 2011 | | $9,000,000 | federal loan or loan guarantee |
| Hormel Foods Corporation | United States | federal | 2010 | | $268,563 | federal loan or loan guarantee |
