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Megadeals
Subsidy Tracker Parent Company Summary
Parent Company Name: Medtronic
Ownership Structure: publicly traded (ticker symbol MDT)
Headquartered in: Ireland
Major Industry: medical equipment and supplies
Specific Industry: medical devices
Subsidy Summary | Subsidy Value | Number of Awards |
State/Local | $72,847,930 | 155 |
Federal (grants and allocated tax credits) | $1,525,679 | 2 |
TOTAL | $74,373,609 | 157 |
Loan / Bailout Summary | Total Face Value | Number of Awards |
State/Local loans, bond financing and venture capital | $3,000,000 | 2 |
Federal loans, loan guarantees and bailout assistance (not including repayments) | $0 | 0 |
TOTAL | $3,000,000 | 2 |
Time Period for State and Local Awards: Earliest year of data: 1994. 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 |
Minnesota | $38,097,557 | 3 |
Tennessee | $8,521,259 | 55 |
Texas | $8,330,000 | 2 |
North Carolina | $5,916,980 | 64 |
Florida | $2,929,000 | 5 |
All other | $9,053,134 | 26 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
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Company | Location | Subsidy Source | Year | Subsidy Value | Loan/Bailout Value | Type of Subsidy |
MEDTRONIC SOFAMOR DANEK | Tennessee | local | 2008 | $85,113 | | property tax abatement |
Tyco Healthcare Group LP | New York | state | 2008 | $1,212,952 | | enterprise zone |
TYCO HEALTHCARE GROUP, L.P. | New York | state | 2008 | $88,729 | | enterprise zone |
MEDTRONIC NEUROSURGERY | California | state | 2007 | $5,493 | | training reimbursement |
Medtronic PS Medical Inc. #1 (RP) | Texas | state | 2007 | undisclosed | | property tax abatement |
Medtronic PS Medical Inc. #2 (TPP) | Texas | state | 2007 | undisclosed | | property tax abatement |
MEDTRONIC SOFAMOR DANEK | Tennessee | local | 2007 | $176,655 | | property tax abatement |
MEDTRONIC SOFAMOR DANEK | Tennessee | local | 2007 | $174,526 | | property tax abatement |
MEDTRONIC SOFAMOR DANEK | Tennessee | local | 2007 | $31,681 | | property tax abatement |
SOFAMOR DANEK GROUP | Tennessee | local | 2007 | $22,513 | | property tax abatement |
SOFAMOR DANEK GROUP | Tennessee | local | 2007 | $5,291 | | property tax abatement |
Tyco Healthcare Group LP | Nebraska | state | 2006 | undisclosed | | tax credit/rebate |
Medtronic PS Medical Inc. #1 (RP) | Texas | state | 2006 | undisclosed | | property tax abatement |
Medtronic PS Medical Inc. #2 (TPP) | Texas | state | 2006 | undisclosed | | property tax abatement |
Medtronic Sofamor Danek | Indiana | state | 2006 | $200,000 | | training reimbursement |
Medtronic, Inc. | Minnesota | local | 2005 | $22,900,000 | | tax credit/rebate and grant |
Medtronic, Inc. | Minnesota | local | 2005 | $14,800,000 | | tax credit/rebate and grant |
Medtronic PS Medical Inc. #1 | Texas | state | 2005 | undisclosed | | property tax abatement |
Medtronic PS Medical Inc. #2 | Texas | state | 2005 | undisclosed | | property tax abatement |
Medtronic Inc. & Subsidiaries | Arizona | state | 2005 | undisclosed | | enterprise zone |
MEDTRONIC AVE, INC. | California | state | 2004 | $612,400 | | training reimbursement |
Medtronic PS Medical Inc. | Texas | state | 2004 | undisclosed | | property tax abatement |
Medtronic PS Medical Inc. | Texas | state | 2004 | undisclosed | | property tax abatement |
Medtronic, Inc. | Arizona | state | 2004 | undisclosed | | enterprise zone |
Medtronic PS Medical Inc. | Texas | state | 2003 | undisclosed | | property tax abatement |
Medtronic PS Medical Inc. | Texas | state | 2003 | undisclosed | | property tax abatement |
NEWPORT MEDICAL INSTRUMENTS | California | state | 2002 | $19,656 | | training reimbursement |
Medtronic, Inc. | Arizona | state | 2002 | $350,300 | | training reimbursement |
Tyco Healthcare Group LP | Florida | state | 2001 | $344,000 | | tax credit/rebate |
PURITAN BENNETT CORPORATION | Missouri | state | 2000 | $221,887 | | tax credit/rebate |
Medtronic Interventional Vascular,Inc. | Massachusetts | state | 2000 | undisclosed | | tax credit/rebate |
Georgia Packaging, Inc. | Georgia | local | 1996 | | $2,000,000 | industrial revenue bond |
MEDTRONIC INC. DLP DIVISION | Michigan | local | 1994 | undisclosed | | property tax abatement |
MEDTRONIC INC. DLP DIVISION | Michigan | local | 1994 | undisclosed | | property tax abatement |
Tyco Healthcare Group LP | Nebraska | state | 1994 | undisclosed | | tax credit/rebate |
MEDTRONIC USA, INC | New Jersey | state | | undisclosed | | tax credit/rebate; property tax abatement |
MEDTRONIC USA, INC | New Jersey | state | | undisclosed | | tax credit/rebate; property tax abatement |