Subsidy Tracker Parent Company Summary
Parent Company Name:
Brown-Forman
Ownership Structure:
publicly traded (ticker symbol BFA)
Headquartered in:
Kentucky
Major Industry:
beverages
Specific Industry:
beverages
| Subsidy Summary | Subsidy Value | Number of Awards |
|---|---|---|
| State/Local | $9,538,900 | 15 |
| Federal (grants and allocated tax credits) | $0 | 0 |
| TOTAL | $9,538,900 | 15 |
| 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) | $4,609,000 | 2 |
| TOTAL | $4,609,000 | 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 2013.
Time Period for Federal Awards:
FY2000 to the present
Notes:
Dollar totals do not include awards for which no subsidy value is disclosed.
Associated Names:
BROWN FORMAN; JACK DANIEL DISTILLERY; MAGNOLIA INVESTMENTS
Links:
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| Kentucky | $7,660,100 | 9 |
| Tennessee | $1,500,000 | 1 |
| Indiana | $350,000 | 1 |
| Alabama | $28,800 | 4 |
Individual Subsidy Records:
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| Company | Location | Subsidy Source | Year |
Subsidy Value |
Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|
| Brown-Forman Corporation | Kentucky | state | 1994 | $3,500,000 | tax credit/rebate | |
| Brown-Forman Corporation | Kentucky | state | 2013 | $2,500,000 | tax credit/rebate | |
| Jack Daniel Distillery | Tennessee | state | 2013 | $1,500,000 | grant | |
| Brown-Forman Corporation | Kentucky | state | 2013 | $500,000 | tax credit/rebate | |
| Brown-Forman Corporation | Kentucky | state | 2016 | $400,000 | tax credit/rebate | |
| Brown-Forman Corporation | Indiana | state | 2015 | $350,000 | tax credit/rebate | |
| Brown-Forman Corporation | Kentucky | state | 2014 | $300,000 | tax credit/rebate | |
| Brown-Forman Corporation | Kentucky | state | 2015 | $150,000 | tax credit/rebate | |
| Brown-Forman Corporation | Kentucky | state | 2014 | $110,100 | tax credit/rebate | |
| Brown-Forman Corporation | Kentucky | state | 2014 | $100,000 | training reimbursement | |
| Brown-Forman Corporation | Kentucky | state | 2015 | $100,000 | training reimbursement | |
| Magnolia Investments, Inc. | Alabama | state | 2013 | $7,200 | cost reimbursement | |
| Magnolia Investments, Inc. | Alabama | state | 2013 | $7,200 | cost reimbursement | |
| Magnolia Investments, Inc. | Alabama | state | 2013 | $7,200 | cost reimbursement | |
| Magnolia Investments, Inc. | Alabama | state | 2013 | $7,200 | cost reimbursement | |
| MAGNOLIA INVESTMENTS, LLC | United States | federal | 2018 | $4,069,000 | federal loan or loan guarantee | |
| Brown-Forman Corporation | United States | federal | 2013 | $540,000 | federal loan or loan guarantee |
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