Subsidy Tracker Parent Company Summary

Parent Company Name: 
SKF
Ownership Structure: 
publicly traded
Headquartered in: 
Sweden
Major Industry: 
industrial equipment
Specific Industry: 
industrial equipment
Subsidy SummarySubsidy ValueNumber of Awards
State/Local$7,250,41357
Federal (grants and allocated tax credits)$1,833,7902
TOTAL$9,084,20359
Loan / Bailout SummaryTotal Face ValueNumber of Awards
State/Local loans, bond financing and venture capital$00
Federal loans, loan guarantees and bailout assistance (not including repayments)$00
TOTAL$00
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 2012.

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: 

KAYDON; KAYDON RING AND SEAL; MRC BEARINGS; SKF

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
New York$6,312,85830
Pennsylvania$358,9414
South Carolina$351,1302
Oklahoma$190,70012
Utah$20,0553
All other$16,7296

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 Valuesort icon Loan/Bailout Value Type of Subsidy
Kaydon United States federal 2010 $1,774,800 federal allocated tax credit
SKF Aeroengines New York state 2008 $550,000 grant
SKF Aeroengine North America New York local 2011 $541,000 tax credit/rebate; property tax abatement
SKF Aeroengine North America New York state 2011 $374,888 enterprise zone
SKF Aeroengine North America New York state 2011 $374,888 enterprise zone
SKF Aeroengine North America New York local 2015 $289,934 tax credit/rebate
SKF Aeroengine North America New York local 2014 $280,054 tax credit/rebate
Kaydon South Carolina state 2010 $278,328 training reimbursement
SKF Aeroengine North America New York local 2013 $277,915 tax credit/rebate; property tax abatement
SKF Aeroengine North America New York local 2017 $276,885 tax credit/rebate
SKF Aeroengine North America New York local 2016 $275,262 tax credit/rebate
SKF Aeroengine North America New York state 2008 $249,588 enterprise zone
SKF Aeroengine North America New York state 2008 $249,588 enterprise zone
SKF Aeroengine North America New York state 2012 $232,545 enterprise zone
SKF Aeroengine North America New York state 2012 $232,545 enterprise zone
SKF Aeroengine North America New York state 2013 $207,902 enterprise zone
SKF Aeroengine North America New York state 2013 $207,902 enterprise zone
SKF Aeroengine North America New York state 2002 $202,000 enterprise zone
SKF Aeroengine North America New York state 2002 $202,000 enterprise zone
SKF USA, Inc. Pennsylvania state $200,000 training reimbursement
SKF Aeroengine North America New York state 2010 $197,082 enterprise zone
SKF Aeroengine North America New York state 2010 $197,082 enterprise zone
SKF Aeroengine North America New York state 2009 $164,593 enterprise zone
SKF Aeroengine North America New York state 2009 $164,593 enterprise zone
MRC Bearings New York state 2005 $140,000 enterprise zone
MRC Bearings New York state 2005 $140,000 enterprise zone
MRC Bearings New York state 2006 $100,000 enterprise zone
SKF USA, Inc. Pennsylvania state 2014 $75,248 tax credit/rebate
Kaydon South Carolina state $72,802 training reimbursement
SKF USA, Inc. Pennsylvania state 2015 $68,217 tax credit/rebate
SKF USA, Inc. United States federal 2011 $58,990 federal grant
SKF Aeroengine North America New York state 2001 $40,000 enterprise zone
SKF Aeroengine North America New York state 2001 $40,000 enterprise zone
SKF Aeroengine North America New York state 2014 $30,947 enterprise zone
SKF Aeroengine North America New York state 2014 $30,947 enterprise zone
SKF SEALING SOLUTIONS Oklahoma state 2014 $29,044 grant
SKF Aeroengine North America New York state 2015 $21,359 enterprise zone
SKF Aeroengine North America New York state 2015 $21,359 enterprise zone
SKF USA INC Oklahoma state 2014 $20,837 grant
SKF USA INC Oklahoma state 2012 $20,494 grant
SKF USA INC Oklahoma state 2012 $17,188 grant
SKF USA INC Oklahoma state 2013 $16,713 grant
SKF SEALING SOLUTIONS Oklahoma state 2013 $16,459 grant
SKF USA INC Oklahoma state 2012 $16,086 grant
SKF Polyseal Utah state 2011 $15,750 training reimbursement
SKF USA, Inc. Pennsylvania state 2013 $15,476 tax credit/rebate
SKF USA INC Oklahoma state 2013 $14,730 grant
SKF SEALING SOLUTIONS Oklahoma state 2014 $14,662 grant
SKF SEALING SOLUTIONS Oklahoma state 2013 $12,884 grant
SKF USA INC Oklahoma state 2012 $9,998 grant
Kaydon Ring and Seal, Inc. Maryland state 2016 $4,351 tax credit/rebate
Kaydon Ring and Seal, Inc. Maryland state 2012 $3,332 tax credit/rebate
Kaydon Ring and Seal, Inc. Maryland state 2014 $3,332 tax credit/rebate
SKF Polyseal Utah state 2010 $3,000 training reimbursement
Kaydon Ring and Seal, Inc. Maryland state 2015 $2,399 tax credit/rebate
Kaydon Ring & Seal, Inc. Maryland state 2017 $1,734 tax credit/rebate
SKF USA INC Oklahoma state 2012 $1,605 grant
Kaydon Ring and Seal, Inc. Maryland state 2011 $1,581 tax credit/rebate
SKF Polyseal Inc. Utah state 2011 $1,305 training reimbursement
SKF USA INC Michigan local 1994 undisclosed property tax abatement
Kaydon Ring & Seal, Inc Maryland local 2007 undisclosed enterprise zone
SKF RELIABILITY SYSTEMS California local 2012 undisclosed tax credit/rebate
SKF South Carolina local 2005 undisclosed property tax abatement
SKF South Carolina local 2013 undisclosed property tax abatement
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