Subsidy Tracker Parent Company Summary

Parent Company Name: 
Laboratory Corp. of America
Ownership Structure: 
publicly traded (ticker symbol LH)
Headquartered in: 
North Carolina
Major Industry: 
healthcare services
Specific Industry: 
healthcare services
Subsidy SummarySubsidy ValueNumber of Awards
State/Local$24,877,81831
Federal (grants and allocated tax credits)$100,0001
TOTAL$24,977,81832
Loan / Bailout SummaryTotal Face ValueNumber of Awards
State/Local loans, bond financing and venture capital$673,0002
Federal loans, loan guarantees and bailout assistance (not including repayments)$00
TOTAL$673,0002
Time Period for State and Local Awards: 

Earliest year of data: 1996. 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.

Associated Names: 

COVANCE; ESOTERIX GENETIC LABS; LABCORP; SEQUENOM; SEQUENOM CENTER FOR MOLECULAR MEDICINE

Links: 

For a summary of this company's regulatory violations see its Violation Tracker summary page here.

For an overview of political contributions associated with this company, see its Follow the Money page.


Top 5 States for state/local awardsTotal Subsidy $Number of Awards
Indiana$10,100,0006
North Carolina$3,693,1128
Alabama$3,050,0001
Michigan$2,802,0812
Virginia$2,500,0002
All other$2,732,62512

Individual Subsidy Records:

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Company Location Subsidy Source Year Subsidy Valuesort icon Loan/Bailout Value Type of Subsidy
Covance Laboratories Inc. Indiana state 2012 $4,050,000 tax credit/rebate
Laboratory Corporation of America Holdings Alabama local 2017 $3,050,000 grant
Covance Laboratories Inc. Indiana state 2009 $3,000,000 tax credit/rebate
Covance Michigan state 2010 $2,800,000 tax credit/rebate
Sequenom Center for Molecular Medicine, LLC North Carolina state 2011 $2,355,750 grant
Covance Laboratories Inc. Indiana state 2012 $2,250,000 tax credit/rebate
Covance Virginia state 2007 $1,500,000 grant
Covance Virginia state 2008 $1,000,000 grant
Covance, Inc. New Jersey state 1997 $974,400 grant
LabCorp North Carolina local 2010 $552,000 grant
COVANCE GENOMICS LABRATORY LLC Washington state 2010 $380,734 tax credit/rebate
Covance Laboratories Inc. Indiana state 2009 $370,000 tax credit/rebate
COVANCE GENOMICS LABORATORY LLC Washington state 2009 $350,315 tax credit/rebate
Laboratory Corporation of America H North Carolina state 2012 $275,000 grant
COVANCE GENOMICS LABRATORY LLC Washington state 2012 $266,802 tax credit/rebate
COVANCE GENOMICS LABRATORY LLC Washington state 2013 $261,005 tax credit/rebate
COVANCE GENOMICS LABRATORY LLC Washington state 2011 $243,326 tax credit/rebate
Covance Laboratories Inc. Indiana state 2011 $230,000 training reimbursement
Laboratory Corporation of America North Carolina state 2015 $216,014 tax credit/rebate
Covance Laboratories Inc. Indiana state 2012 $200,000 training reimbursement
Laboratory Corporation of America Holding North Carolina state 2008 $129,437 tax credit/rebate
Laboratory Corporation of America Holdings North Carolina state 2016 $125,627 tax credit/rebate
Covance Health Maryland local $100,000 grant/loan hybrid program
SEQUENOM, INC United States federal 2000 $100,000 federal grant
Laboratory Corporation of America Arizona state 2014 $69,000 training reimbursement
Covance, Inc. Pennsylvania state $66,000 tax credit/rebate
Sequenom, Inc. North Carolina state 2015 $23,439 tax credit/rebate
COVANCE GENOMICS LABRATORY LLC Washington state 2014 $17,421 tax credit/rebate
Sequenom, Inc. North Carolina state 2016 $15,845 tax credit/rebate
Sequenom Michigan local 2008 $2,081 property tax abatement
COVANCE GENOMICS LABRATORY LLC Washington state 2010 $1,811 tax credit/rebate
COVANCE GENOMICS LABRATORY LLC Washington state 2012 $1,811 tax credit/rebate
Labcorp North Carolina local 2008 $373,000 loan or bond financing
Sequenom Michigan state 2007 $300,000 loan or bond financing
Covance CRU Inc. (Radiant Research) Hawaii state 2007 undisclosed enterprise zone
COVANCE LABORATORIES INC Michigan local 2010 undisclosed property tax abatement
Laboratory Corporation of America, Inc. Arizona state 2010 undisclosed enterprise zone
ESOTERIX GENETIC LABORATORIES LLC California local 2012 undisclosed tax credit/rebate
Covance CRU Inc. (Radiant Research) Hawaii state 2012 undisclosed enterprise zone
Covance Laboratories, Inc. Michigan local 2010 undisclosed property tax abatement
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