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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 INC | Tennessee | local | 2014 | $298,973 | | property tax abatement |
MEDTRONIC SOFAMOR DANEK USA INC | Tennessee | local | 2013 | $300,011 | | property tax abatement |
United States Surgical Corporation | North Carolina | state | 2014 | $307,473 | | tax credit/rebate |
MEDTRONIC SOFAMOR DANEK INC | Tennessee | local | 2012 | $311,141 | | property tax abatement |
MEDTRONIC SOFAMOR DANEK USA INC | Tennessee | local | 2009 | $311,141 | | property tax abatement |
MEDTRONIC SOFAMOR DANEK USA INC | Tennessee | local | 2010 | $311,141 | | property tax abatement |
MEDTRONIC SOFAMOR DANEK USA INC | Tennessee | local | 2011 | $311,141 | | property tax abatement |
MEDTRONIC SOFAMOR DANEK INC | Tennessee | local | 2012 | $322,936 | | property tax abatement |
Tyco Healthcare Group, LP | North Carolina | state | 2010 | $333,124 | | tax credit/rebate |
Tyco Healthcare Group LP | Florida | state | 2001 | $344,000 | | tax credit/rebate |
Medtronic, Inc. | Arizona | state | 2002 | $350,300 | | training reimbursement |
MEDTRONIC SOFAMOR DANEK USA INC | Tennessee | local | 2011 | $375,816 | | property tax abatement |
Ludlow Corporation | North Carolina | state | 2012 | $377,736 | | tax credit/rebate |
Medtronic | Minnesota | state | 2018 | $397,557 | | training reimbursement |
MEDTRONIC SOFAMOR DANEK USA INC | Tennessee | local | 2010 | $440,709 | | property tax abatement |
Medtronic Inc. | United States | federal | 2012 | $451,964 | | federal grant |
COVIDIEN LP | California | state | 2015 | $472,938 | | training reimbursement |
Tyco Healthcare Group LP | New York | state | 2009 | $484,765 | | enterprise zone |
MEDTRONIC MINIMED, INC. | California | state | 2010 | $527,782 | | training reimbursement |
Tyco Healthcare Group, LP | North Carolina | state | 2008 | $531,171 | | tax credit/rebate |
COVIDIEN LP | California | state | 2019 | $547,390 | | training reimbursement |
MEDTRONIC AVE, INC. | California | state | 2004 | $612,400 | | training reimbursement |
Medtronic Xomed, Inc. | Florida | state | 2011 | $630,000 | | grant |
Tyco Healthcare Group, LP | North Carolina | state | 2011 | $652,235 | | tax credit/rebate |
Covidien | Florida | state | 2013 | $660,000 | | tax credit/rebate |
Ludlow Corporation | North Carolina | state | 2015 | $766,922 | | tax credit/rebate |
CARDIOINSIGHT TECHNOLOGIES INC | Ohio | state | 2011 | $1,000,000 | | grant/loan hybrid program |
United States Surgical Corporation | North Carolina | state | 2012 | $1,032,242 | | tax credit/rebate |
Medtronic Xomed, Inc. | Florida | state | 2011 | $1,050,000 | | tax credit/rebate |
US Surgical Corporation | United States | federal | 2010 | $1,073,715 | | federal grant |
COVIDIEN | South Carolina | state | 2009 | $1,100,029 | | training reimbursement |
Covidien LP | Indiana | state | 2014 | $1,120,000 | | tax credit/rebate |
Tyco Healthcare Group LP | New York | state | 2008 | $1,212,952 | | enterprise zone |
MiniMed (Medtronic) | Texas | local | 2009 | $2,330,000 | | grant/loan hybrid program |
Medtronic Inc. | Texas | state | 2009 | $6,000,000 | | grant |
Medtronic, Inc. | Minnesota | local | 2005 | $14,800,000 | | tax credit/rebate and grant |
Medtronic, Inc. | Minnesota | local | 2005 | $22,900,000 | | tax credit/rebate and grant |