Subsidy Tracker Parent Company Summary
Parent Company Name:
Garmin
Ownership Structure:
publicly traded (ticker symbol GRMN)
Headquartered in:
Switzerland
Major Industry:
miscellaneous manufacturing
Specific Industry:
navigation equipment
| Subsidy Summary | Subsidy Value | Number of Awards |
|---|---|---|
| State/Local | $7,960,351 | 28 |
| Federal (grants and allocated tax credits) | $0 | 0 |
| TOTAL | $7,960,351 | 28 |
| 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) | $0 | 0 |
| TOTAL | $0 | 0 |
Time Period for State and Local Awards:
Earliest year of data: 2004. 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:
GARMIN; Garmin AT Inc R349683; Garmin AT Inc R349683 (M&E); Garmin AT Inc R351445; Garmin AT Inc R351445 (B&S)
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| Kansas | $5,510,400 | 1 |
| Arizona | $1,109,140 | 2 |
| Oregon | $691,863 | 8 |
| North Carolina | $350,780 | 5 |
| Oklahoma | $201,617 | 11 |
| All other | $96,551 | 1 |
Individual Subsidy Records:
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| Company | Location | Subsidy Source | Year |
Subsidy Value |
Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|
| Garmin International | Kansas | state | 2009 | $5,510,400 | training reimbursement | |
| Garmin International, Inc. | Arizona | state | 2013 | $1,100,000 | tax credit/rebate | |
| Garmin AT Inc R351445 | Oregon | state | 2017 | $279,942 | property tax abatement | |
| Garmin AT Inc R351445 (B&S) | Oregon | state | 2018 | $269,673 | property tax abatement | |
| Garmin International, Inc. | North Carolina | state | 2015 | $127,075 | tax credit/rebate | |
| Garmin International | Illinois | state | 2011 | $96,551 | tax credit/rebate | |
| Garmin International, Inc. | North Carolina | state | 2016 | $75,369 | tax credit/rebate | |
| Garmin International, Inc. | North Carolina | state | 2013 | $66,262 | tax credit/rebate | |
| Garmin International, Inc. | North Carolina | state | 2013 | $66,262 | tax credit/rebate | |
| Garmin AT Inc R349683 | Oregon | state | 2017 | $46,395 | property tax abatement | |
| Garmin AT Inc R349683 (M&E) | Oregon | state | 2018 | $42,827 | property tax abatement | |
| Garmin AT | Oregon | state | 2004 | $31,845 | training reimbursement | |
| GARMIN INTERNATIONAL, INC. | Oklahoma | state | 2015 | $24,662 | grant | |
| GARMIN INTERNATIONAL, INC. | Oklahoma | state | 2015 | $22,422 | grant | |
| GARMIN INTERNATIONAL, INC. | Oklahoma | state | 2014 | $21,773 | grant | |
| GARMIN INTERNATIONAL, INC. | Oklahoma | state | 2015 | $20,258 | grant | |
| GARMIN INTERNATIONAL, INC. | Oklahoma | state | 2014 | $19,960 | grant | |
| GARMIN INTERNATIONAL, INC. | Oklahoma | state | 2015 | $19,406 | grant | |
| GARMIN INTERNATIONAL, INC. | Oklahoma | state | 2014 | $17,686 | grant | |
| GARMIN INTERNATIONAL, INC. | Oklahoma | state | 2013 | $16,601 | grant | |
| GARMIN INTERNATIONAL, INC. | Oklahoma | state | 2013 | $16,305 | grant | |
| Garmin International, Inc. | North Carolina | state | 2011 | $15,812 | tax credit/rebate | |
| Garmin AT | Oregon | state | 2004 | $12,064 | training reimbursement | |
| GARMIN INT'L INC | Oklahoma | state | 2013 | $11,835 | grant | |
| GARMIN INT'L INC | Oklahoma | state | 2013 | $10,709 | grant | |
| Garmin International, Inc. | Arizona | state | 2013 | $9,140 | training reimbursement | |
| Garmin AT, Inc. | Oregon | state | 2013 | $8,011 | tax credit/rebate | |
| Garmin AT P347913 2nd investment | Oregon | state | 2013 | $1,106 | property tax abatement |
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