Subsidy Tracker Parent Company Summary

Parent Company Name: 
Medtronic
Ownership Structure: 
publicly traded (ticker symbol MDT)
Headquartered in: 
Ireland (reincorporated for tax reasons)
Major Industry: 
medical equipment and supplies
Specific Industry: 
medical devices
Subsidy SummarySubsidy ValueNumber of Awards
State/Local$70,536,573120
Federal (grants and allocated tax credits)$1,625,6793
TOTAL$72,162,252123
Loan / Bailout SummaryTotal Face ValueNumber of Awards
State/Local loans, bond financing and venture capital$3,000,0002
Federal loans, loan guarantees and bailout assistance (not including repayments)$00
TOTAL$3,000,0002
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 2011.

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: 

CARDIOINSIGHT TECH; Covidien; GENERAL SURGICAL INNOVATIONS; GEORGIA PACKAGING; INNERDYNE; LUDLOW; MEDTRONIC; MINIMED MEDTRONIC; NEWPORT MEDICAL INSTRUMENTS; PURITAN BENNETT; SALIENT SURGICAL TECH; SHERWOOD MEDICAL; SOFAMOR DANEK GROUP; TYCO HEALTHCARE GROUP LP; TYRX PHARMA; UNITED STATES SURGICAL; VALLEYLAB HOLDING; VNUS MEDICAL TECH

Links: 

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


Top 5 States for state/local awardsTotal Subsidy $Number of Awards
Minnesota$37,700,0002
Tennessee$8,521,25955
Texas$8,330,0002
North Carolina$4,932,15433
Florida$2,929,0005
All other$8,124,16023

Individual Subsidy Records:

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Company Location Subsidy Source Year Subsidy Valuesort icon Loan/Bailout Value Type of Subsidy
Medtronic, Inc. Minnesota local 2005 $22,900,000 tax credit/rebate and grant
Medtronic, Inc. Minnesota local 2005 $14,800,000 tax credit/rebate and grant
Medtronic Inc. Texas state 2009 $6,000,000 grant
MiniMed (Medtronic) Texas local 2009 $2,330,000 grant/loan hybrid program
Tyco Healthcare Group LP New York state 2008 $1,212,952 enterprise zone
Covidien LP Indiana state 2014 $1,120,000 tax credit/rebate
COVIDIEN South Carolina state 2009 $1,100,029 training reimbursement
US Surgical Corporation United States federal 2010 $1,073,715 federal grant
Medtronic Xomed, Inc. Florida state 2011 $1,050,000 tax credit/rebate
United States Surgical Corporation North Carolina state 2012 $1,032,242 tax credit/rebate
CARDIOINSIGHT TECHNOLOGIES INC Ohio state 2011 $1,000,000 grant/loan hybrid program
Ludlow Corporation North Carolina state 2015 $766,922 tax credit/rebate
Covidien Florida state 2013 $660,000 tax credit/rebate
Tyco Healthcare Group, LP North Carolina state 2011 $652,235 tax credit/rebate
Medtronic Xomed, Inc. Florida state 2011 $630,000 grant
MEDTRONIC AVE, INC. California state 2004 $612,400 training reimbursement
Tyco Healthcare Group, LP North Carolina state 2008 $531,171 tax credit/rebate
MEDTRONIC MINIMED, INC. California state 2010 $527,782 training reimbursement
Tyco Healthcare Group LP New York state 2009 $484,765 enterprise zone
COVIDIEN LP California state 2015 $472,938 training reimbursement
Medtronic Inc. United States federal 2012 $451,964 federal grant
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2010 $440,709 property tax abatement
Ludlow Corporation North Carolina state 2012 $377,736 tax credit/rebate
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2011 $375,816 property tax abatement
Medtronic, Inc. Arizona state 2002 $350,300 training reimbursement
Tyco Healthcare Group LP Florida state 2001 $344,000 tax credit/rebate
Tyco Healthcare Group, LP North Carolina state 2010 $333,124 tax credit/rebate
MEDTRONIC SOFAMOR DANEK INC Tennessee local 2012 $322,936 property tax abatement
MEDTRONIC SOFAMOR DANEK INC Tennessee local 2012 $311,141 property tax abatement
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2009 $311,141 property tax abatement
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2010 $311,141 property tax abatement
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2011 $311,141 property tax abatement
United States Surgical Corporation North Carolina state 2014 $307,473 tax credit/rebate
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2013 $300,011 property tax abatement
MEDTRONIC SOFAMOR DANEK INC Tennessee local 2014 $298,973 property tax abatement
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2013 $295,309 property tax abatement
MEDTRONIC SOFAMOR DANEK INC Tennessee local 2014 $248,735 property tax abatement
Medtronic Xomed Florida local 2011 $245,000 grant
CardioInsight Technologies Inc. Ohio state 2016 $231,320 tax credit/rebate
PURITAN BENNETT CORPORATION Missouri state 2000 $221,887 tax credit/rebate
Medtronic Sofamor Danek Indiana state 2006 $200,000 training reimbursement
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2009 $199,765 property tax abatement
MEDTRONIC SOFAMOR DANEK INC Tennessee local 2012 $194,949 property tax abatement
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2009 $194,949 property tax abatement
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2010 $194,949 property tax abatement
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2011 $194,949 property tax abatement
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2013 $194,873 property tax abatement
MEDTRONIC SOFAMOR DANEK USA INC. Tennessee local 2013 $194,269 property tax abatement
MEDTRONIC SOFAMOR DANEK INC Tennessee local 2014 $193,345 property tax abatement
MEDTRONIC SOFAMOR DANEK Tennessee local 2007 $176,655 property tax abatement
MEDTRONIC SOFAMOR DANEK Tennessee local 2007 $174,526 property tax abatement
Tyco Healthcare Group, LP North Carolina state 2009 $162,971 tax credit/rebate
MEDTRONIC SOFAMOR DANEK INC Tennessee local 2013 $154,711 property tax abatement
MEDTRONIC SOFAMOR DANEK INC Tennessee local 2014 $154,358 property tax abatement
MEDTRONIC SOFAMOR DANEK INC Tennessee local 2012 $147,766 property tax abatement
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2009 $147,766 property tax abatement
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2010 $147,766 property tax abatement
MEDTRONIC .SOFAMOR DANEK INC Tennessee local 2011 $147,766 property tax abatement
MEDTRONIC SOFAMOR DANEK Tennessee local 2008 $146,746 property tax abatement
United States Surgical Corporation North Carolina state 2012 $138,070 tax credit/rebate
United States Surgical Corporation North Carolina state 2012 $138,070 tax credit/rebate
MEDTRONIC SOFAMOR DANEK Tennessee local 2013 $118,784 property tax abatement
MEDTRONIC VASCULAR, INC. California state 2011 $109,317 training reimbursement
MEDTRONIC SOFAMOR DANEK Tennessee local 2008 $107,476 property tax abatement
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2009 $107,466 property tax abatement
TYRX PHARMA INC United States federal 2004 $100,000 federal grant
MEDTRONIC SOFAMOR DANEK INC Tennessee local 2013 $96,599 property tax abatement
MEDTRONIC SOFAMOR DANEK INC Tennessee local 2014 $94,701 property tax abatement
MEDTRONIC SOFAMOR DANEK INC Tennessee local 2012 $93,910 property tax abatement
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2010 $93,910 property tax abatement
MEDTRONIC SOFAMOR DANEK INC Tennessee local 2011 $93,910 property tax abatement
MEDTRONIC SOFAMOR DANEK INC Tennessee local 2012 $92,178 property tax abatement
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2009 $92,178 property tax abatement
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2010 $92,178 property tax abatement
MEDTRONIC SOFAMOR DANEK INC Tennessee local 2011 $92,178 property tax abatement
MEDTRONIC SOFAMOR DANEK Tennessee local 2008 $90,027 property tax abatement
TYCO HEALTHCARE GROUP, L.P. New York state 2008 $88,729 enterprise zone
MEDTRONIC SOFAMOR DANEK Tennessee local 2008 $86,773 property tax abatement
MEDTRONIC SOFAMOR DANEK INC Tennessee local 2012 $86,317 property tax abatement
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2009 $86,317 property tax abatement
MEDTRONIC SOFAMOR DANEK USA INC Tennessee local 2010 $86,317 property tax abatement
MEDTRONIC SOFAMOR DANEK INC Tennessee local 2011 $86,317 property tax abatement
MEDTRONIC SOFAMOR DANEK Tennessee local 2008 $85,113 property tax abatement
Ludlow Corporation North Carolina state 2015 $80,767 tax credit/rebate
Ludlow Corporation North Carolina state 2016 $77,424 tax credit/rebate
United States Surgical Corporation North Carolina state 2014 $73,584 tax credit/rebate
MEDTRONIC MINIMED, INC. California state 2008 $71,418 training reimbursement
MEDTRONIC SOFAMOR DANEK Tennessee local 2008 $67,900 property tax abatement
TYCO HEALTHCARE GROUP, L.P. New York state 2009 $67,064 enterprise zone
MEDTRONIC SOFAMOR DANEK Tennessee local 2008 $67,021 property tax abatement
Salient Surgical Technologies New Hampshire state 2010 $66,020 training reimbursement
Medtronic Advanced Energy LLC New Hampshire state 2012 $65,950 training reimbursement
Medtronic Advanced Energy New Hampshire state 2014 $47,939 training reimbursement
Ludlow Corporation North Carolina state 2013 $45,588 tax credit/rebate
MEDTRONIC SOFAMOR DANEK USA Tennessee local 2013 $35,963 property tax abatement
Ludlow Corporation North Carolina state 2015 $32,128 tax credit/rebate
MEDTRONIC SOFAMOR DANEK Tennessee local 2007 $31,681 property tax abatement
Tyco Healthcare Group, LP North Carolina state 2010 $29,951 tax credit/rebate
COVIDIEN South Carolina state 2009 $29,741 training reimbursement
Ludlow Corporation North Carolina state 2012 $28,460 tax credit/rebate
Ludlow Corporation North Carolina state 2012 $28,460 tax credit/rebate
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