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Subsidy Tracker Parent Company Summary
Parent Company Name: Worthington Industries
Ownership Structure: publicly traded (ticker symbol WOR)
Headquartered in: Ohio
Major Industry: metals
Specific Industry: metal products
Subsidy Summary | Subsidy Value | Number of Awards |
State/Local | $5,580,629 | 23 |
Federal (grants and allocated tax credits) | $0 | 0 |
TOTAL | $5,580,629 | 23 |
Loan / Bailout Summary | Total Face Value | Number of Awards |
State/Local loans, bond financing and venture capital | $1,432,942 | 2 |
Federal loans, loan guarantees and bailout assistance (not including repayments) | $0 | 0 |
TOTAL | $1,432,942 | 2 |
Time Period for State and Local Awards: Earliest year of data: 1993. 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 2010.
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 |
Ohio | $3,081,098 | 10 |
Tennessee | $800,000 | 4 |
South Carolina | $700,000 | 2 |
Wisconsin | $430,000 | 1 |
Mississippi | $400,000 | 2 |
All other | $169,531 | 4 |
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 |
WORTHINGTON INDUSTRIES, INC. | Ohio | state | 1995 | $1,630,857 | | enterprise zone |
Worthington Steel Company & Worthington Industries Incorporated | Ohio | state | 2008 | $53,866 | | enterprise zone |
Worthington Welding, Incorporated dba Worthington Trailers | Pennsylvania | state | | | $216,338 | loan or bond financing |
Worthington Steelpac Systems a/k/a Worthington Packaging Solutions | Pennsylvania | state | | $70,000 | | grant |
Worthington Welding, Incorporated d/b/a Worthington Trailers | Pennsylvania | state | | | $1,216,604 | loan or bond financing |
Angus Industries | Tennessee | state | 2012 | $80,000 | | training reimbursement |
STRUCTURAL COMPOSITES INDUSTRIES, L.L.C. | California | state | 2011 | $73,031 | | training reimbursement |
Worthington Cylinder | Mississippi | state | 2010 | $200,000 | | grant |
Worthington Cylinders | Mississippi | state | 2010 | $200,000 | | grant/loan hybrid program |
SHARON COMPANIES LTD | Ohio | state | 2008 | $42,944 | | grant |
GERSTENSLAGER COMPANY | Ohio | state | 2010 | $300,000 | | grant |
GERSTENSLAGER COMPANY | Ohio | state | 2011 | $250,000 | | grant |
Westerman Nuclear LLC | Ohio | state | 2010 | $298,526 | | tax credit/rebate |
Angus Industries, Inc. | Tennessee | state | 2013 | $45,000 | | training reimbursement |
The Worthington Steel Company | Indiana | state | 2010 | $20,500 | | training reimbursement |
Angus Industries | Tennessee | state | 2013 | $375,000 | | grant |
WORTHINGTON INDUSTRIES INC | Ohio | state | 2013 | $151,051 | | training reimbursement |
Worthington Cylinders Corp. | Ohio | state | 1994 | undisclosed | | tax credit/rebate |
Worthington Steel Company, The and Worthington Industries Incorporated | Ohio | state | 1995 | undisclosed | | tax credit/rebate |
Worthington Steel Company, The et al. | Ohio | state | 1997 | undisclosed | | tax credit/rebate |
Gerstenslager Company, The | Ohio | state | 2000 | undisclosed | | tax credit/rebate |
Worthington Stairs LLC | Ohio | state | 2006 | undisclosed | | tax credit/rebate |
Worthington Industries Engineered Cabs, LLC | South Carolina | state | 2014 | $200,000 | | grant |
Worthington Industries Engineered Cabs, LLC | South Carolina | state | 2013 | $500,000 | | grant |
Worthington Cylinders Wisconsin, LLC | Wisconsin | state | 2013 | $430,000 | | tax credit/rebate |
WORTHINGTON INDUSTRIES INC | Ohio | state | 2015 | $247,854 | | grant |
Worthington Industries | South Dakota | state | 2014 | $6,000 | | grant |
The Worthington Steel Company | Ohio | state | 2016 | $96,000 | | tax credit/rebate |
Worthington Industries Engineered Cabs, Inc. | Tennessee | state | 2016 | $300,000 | | grant |
WORTHINGTON INDUSTRIES INC | Ohio | state | 2022 | $10,000 | | grant |
Spartan Steel Coating, LLC | Michigan | state | 1999 | undisclosed | | property tax abatement |
THE WORTHINGTON STEEL COMPANY JACKSON | Michigan | local | 1993 | undisclosed | | property tax abatement |
WORTHINGTON STEEL OF MICHIGAN INC. | Michigan | local | 1993 | undisclosed | | property tax abatement |
WORTHINGTON STEEL OF MICHIGAN | Michigan | local | 1995 | undisclosed | | property tax abatement |
SPARTAN STEEL COATING LLC | Michigan | local | 1996 | undisclosed | | property tax abatement |
WORTHINGTON STEEL OF MICHIGAN | Michigan | local | 1996 | undisclosed | | property tax abatement |
SPARTAN STEEL COATING LLC | Michigan | local | 2008 | undisclosed | | property tax abatement |