Subsidy Tracker Parent Company Summary
Parent Company Name:
Otis Worldwide Corporation
Ownership Structure:
publicly traded (ticker symbol OTIS)
Headquartered in:
Connecticut
Major Industry:
building materials
Specific Industry:
elevators
| Subsidy Summary | Subsidy Value | Number of Awards |
|---|---|---|
| State/Local | $3,429,587 | 5 |
| Federal (grants and allocated tax credits) | $0 | 0 |
| TOTAL | $3,429,587 | 5 |
| 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: 2010. 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:
OTIS ELEVATOR
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| South Carolina | $2,579,739 | 2 |
| North Carolina | $849,848 | 3 |
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 |
|---|---|---|---|---|---|---|
| Otis Elevator | South Carolina | state | 2011 | $2,500,000 | grant | |
| Otis Elevator Company Of NJ And Affiliates | North Carolina | state | 2010 | $797,426 | tax credit/rebate | |
| Otis Elevator | South Carolina | state | 2012 | $79,739 | training reimbursement | |
| Otis Elevator Company of NJ & Affiliates | North Carolina | state | 2011 | $42,828 | tax credit/rebate | |
| Otis Elevator Company of NJ and Affiliates | North Carolina | state | 2012 | $9,594 | tax credit/rebate | |
| Otis Elevator Company | South Carolina | state | 2014 | undisclosed | tax credit/rebate |
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