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Subsidy Tracker Parent Company Summary
Parent Company Name: Sumitomo Group
Ownership Structure: publicly traded
Headquartered in: Japan
Major Industry: diversified
Specific Industry: diversified
Subsidy Summary | Subsidy Value | Number of Awards |
State/Local | $65,287,862 | 74 |
Federal (grants and allocated tax credits) | $0 | 0 |
TOTAL | $65,287,862 | 74 |
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) | $68,997,293,752 | 123 |
TOTAL | $68,997,293,752 | 123 |
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 2015.
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 |
Texas | $27,338,792 | 1 |
Kentucky | $15,230,540 | 18 |
Iowa | $9,489,866 | 9 |
New York | $7,314,977 | 10 |
Florida | $2,205,000 | 6 |
All other | $3,708,687 | 30 |
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 |
Sumitomo Electric Wiring Systems, Inc. | Kentucky | state | 2010 | $25,000 | | training reimbursement |
Link-Belt Construction Equipment Company, L.P., LLLP | Kentucky | state | 2009 | $2,400,000 | | tax credit/rebate |
Sumitomo Electric Wintec America, Inc. (f/k/a SPD Magnet Wire , Co.) | Kentucky | state | 1997 | $3,500,000 | | tax credit/rebate |
Sumitomo Electric Wiring Systems, Inc. | Kentucky | state | 2010 | $100,000 | | training reimbursement |
Sumitomo Electric Wiring Systems Inc. | Kentucky | state | 2012 | $3,000,000 | | tax credit/rebate |
Sumitomo Electric Wiring Systems Inc. | Kentucky | state | 2015 | $3,000,000 | | tax credit/rebate |
Sumitomo Electric Wiring Systems, Inc. | Kentucky | state | 2016 | $25,000 | | training reimbursement |
Sumitomo Electric Wiring Systems, Inc. | Kentucky | state | 2016 | $1,360,000 | | tax credit/rebate |
Sumitomo Electric Wiring Systems, Inc. | Kentucky | state | 2016 | $30,000 | | tax credit/rebate |
Link-Belt Construction Equipment Company, L.P., LLLP | Kentucky | state | 2016 | $100,000 | | training reimbursement |
Link-Belt Construction Equipment Company, L.P., LLLP | Kentucky | state | 2016 | $100,000 | | training reimbursement |
Sumitomo Electric Wiring Systems, Inc. | Kentucky | state | 2017 | $25,000 | | training reimbursement |
Sumitomo Electric Wiring Systems, Inc. | Kentucky | state | 2018 | $25,000 | | training reimbursement |
LBX Company LLC | Kentucky | state | 2018 | $70,000 | | tax credit/rebate |
Sumitomo Electric Wiring Systems, Inc. | Kentucky | state | 2019 | $1,360,000 | | tax credit/rebate |
Link-Belt Cranes, L.P., LLLP | Kentucky | state | 2020 | $75,000 | | training reimbursement |
Valent BioSciences Corporation | Iowa | state | 2012 | $3,491,898 | | enterprise zone |
Valent BioSciences Corporation | Iowa | state | 2012 | $1,000,000 | | grant |
Valent BioSciences Corporation | Iowa | state | 2011 | $4,491,898 | | grant |
Valent Biosciences Corporation | Iowa | state | 2019 | $199,046 | | training reimbursement |
Symetra Life Insurance Company | Iowa | state | 2019 | $31,000 | | training reimbursement |
Symetra Life Insurance Company | Iowa | state | 2018 | $49,134 | | training reimbursement |
Symetra Life Insurance Company | Iowa | state | 2015 | $69,246 | | training reimbursement |
Valent Biosciences Corporation | Iowa | state | 2015 | $84,627 | | training reimbursement |
Symetra Life Insurance Company | Iowa | state | 2014 | $73,017 | | training reimbursement |
Sumika Polymer Compunds | Georgia | state | 2008 | $200,000 | | grant |
TBC Corporation | Florida | state | 2009 | $200,000 | | tax credit/rebate |
TBC Corporation | Florida | state | 2012 | $525,000 | | tax credit/rebate |
TBC Corporation | Florida | state | 2009 | $400,000 | | grant |
TBC Corporation | Florida | state | 2012 | $1,060,000 | | grant |
TBC Corporation | Florida | local | 2013 | $10,000 | | grant |
TBC Corporation | Florida | local | 2014 | $10,000 | | grant |
Symetra Life Insurance Company | Connecticut | state | 2012 | $74,500 | | tax credit/rebate |
Symetra Life Insurance Company | Connecticut | state | 2013 | $227,500 | | tax credit/rebate |
Symetra Life Insurance Company | Connecticut | state | 2014 | $228,000 | | tax credit/rebate |
Big O Tires | Colorado | state | | $4,215 | | tax credit/rebate |
BIG O TIRES | Colorado | state | 2014 | $1,382 | | tax credit/rebate |
SUMIDEN WIRE PRODUCTS CORPORATION | California | state | 2002 | $19,600 | | training reimbursement |