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Subsidy Tracker Parent Company Summary

Parent Company Name: Sumitomo Group
Ownership Structure: publicly traded
Headquartered in: Japan
Major Industry: diversified
Specific Industry: diversified
Subsidy SummarySubsidy ValueNumber of Awards
State/Local$64,571,75072
Federal (grants and allocated tax credits)$00
TOTAL$64,571,75072
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)$68,990,239,752119
TOTAL$68,990,239,752119
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 2015.
Time Period for Federal Awards: FY2000 to the present
Notes: Dollar totals do not include awards for which no subsidy value is disclosed.
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
Texas$27,338,7921
Kentucky$15,230,54018
Iowa$9,489,8669
New York$6,598,8658
Florida$2,205,0006
All other$3,708,68730

Individual Subsidy Records:

Click on the company name for more information on each subsidy award.

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CompanyLocationSubsidy SourceYearSubsidy Value sort icon . Loan/Bailout ValueType of Subsidy
Mesquite Wind LLCTexaslocal2006$27,338,792property tax abatement
Sumitomo Mitsui Banking CorporationNew Yorkstate2018$5,000,000tax credit/rebate
Valent BioSciences CorporationIowastate2011$4,491,898grant
Sumitomo Electric Wintec America, Inc. (f/k/a SPD Magnet Wire , Co.)Kentuckystate1997$3,500,000tax credit/rebate
Valent BioSciences CorporationIowastate2012$3,491,898enterprise zone
Sumitomo Electric Wiring Systems Inc.Kentuckystate2012$3,000,000tax credit/rebate
Sumitomo Electric Wiring Systems Inc.Kentuckystate2015$3,000,000tax credit/rebate
Link-Belt Construction Equipment Company, L.P., LLLPKentuckystate2009$2,400,000tax credit/rebate
Sumitomo Trust & Banking Co.New Jerseystate2000$1,702,840grant
Sumitomo Electric Wiring Systems, Inc.Kentuckystate2016$1,360,000tax credit/rebate
Sumitomo Electric Wiring Systems, Inc.Kentuckystate2019$1,360,000tax credit/rebate
Sumitomo Mitsui Banking Corp.New YorkLocal2018$1,291,036tax credit/rebate
TBC CorporationFloridastate2012$1,060,000grant
Valent BioSciences CorporationIowastate2012$1,000,000grant
TBC CorporationFloridastate2012$525,000tax credit/rebate
TBC CorporationFloridastate2009$400,000grant
Sumitomo Machinery Corporation of AmericaVirginiastate2017$250,000grant
Symetra Life Insurance CompanyConnecticutstate2014$228,000tax credit/rebate
Symetra Life Insurance CompanyConnecticutstate2013$227,500tax credit/rebate
Sumika Polymer CompundsGeorgiastate2008$200,000grant
TBC CorporationFloridastate2009$200,000tax credit/rebate
Sumitomo Machinery Corporation of AmericaVirginiastate2018$200,000grant
Sumitomo Machinery Corporation of AmericaVirginiastate2018$200,000grant
Valent Biosciences CorporationIowastate2019$199,046training reimbursement
Sumitomo Electric ESC, Inc. North Carolinastate2015$140,361tax credit/rebate
TBC Retail Group, Inc.Ohiostate2009$101,166tax credit/rebate
Sumitomo Electric Wiring Systems, Inc.Kentuckystate2010$100,000training reimbursement
Link-Belt Construction Equipment Company, L.P., LLLPKentuckystate2016$100,000training reimbursement
Link-Belt Construction Equipment Company, L.P., LLLPKentuckystate2016$100,000training reimbursement
Sumitomo Machinery Corporation of AmericaVirginiastate2012$96,008training reimbursement
Sumitomo Rubber USA, Inc.New YorkLocal2018$93,371tax credit/rebate
Valent Biosciences CorporationIowastate2015$84,627training reimbursement
Sumitomo Machinery Corp. of AmericaVirginiastate2012$78,400training reimbursement
Link-Belt Cranes, L.P., LLLPKentuckystate2020$75,000training reimbursement
Symetra Life Insurance CompanyConnecticutstate2012$74,500tax credit/rebate
Symetra Life Insurance CompanyIowastate2014$73,017training reimbursement
LBX Company LLCKentuckystate2018$70,000tax credit/rebate
Symetra Life Insurance CompanyIowastate2015$69,246training reimbursement
Sumitomo Rubber USA, Inc.New Yorklocal2017$67,815tax credit/rebate
Sumitomo Electric Wiring Systems Inc.Tennesseestate2020$60,000grant
Sumitomo Rubber USA, Inc.New Yorklocal2021$54,436tax credit/rebate
Sumitomo Rubber USA, Inc.New Yorklocal2020$53,443tax credit/rebate
Sumitomo Electric Wiring System, Inc.Tennesseestate2013$52,800training reimbursement
Symetra Life Insurance CompanyIowastate2018$49,134training reimbursement
Symetra Life Insurance CompanyIowastate2019$31,000training reimbursement
Sumitomo Electric Wiring Systems, Inc.Kentuckystate2016$30,000tax credit/rebate
Sumitomo Rubber USA, Inc.New Yorklocal2019$27,493tax credit/rebate
Sumitomo Electric Wiring Systems, Inc.Kentuckystate2009$25,000training reimbursement
Sumitomo Electric Wiring Systems, Inc.Kentuckystate2010$25,000training reimbursement
Sumitomo Electric Wiring Systems, Inc.Kentuckystate2016$25,000training reimbursement
Sumitomo Electric Wiring Systems, Inc.Kentuckystate2017$25,000training reimbursement
Sumitomo Electric Wiring Systems, Inc.Kentuckystate2018$25,000training reimbursement
Sumitomo Machinery Corporation of AmericaVirginiastate2019$20,800training reimbursement
SUMIDEN WIRE PRODUCTS CORPORATIONCaliforniastate2002$19,600training reimbursement
Sumitomo Machinery Corporation of AmericaVirginiastate2019$17,000training reimbursement
Sumotomo RubberNew Yorklocal2021$11,271tax credit/rebate
LBX Company, LLCKentuckystate2008$10,540training reimbursement
TBC CorporationFloridalocal2013$10,000grant
TBC CorporationFloridalocal2014$10,000grant
Sumitomo Cryogenics of AmericaPennsylvaniastate2017$9,068tax credit/rebate
Sumitomo Electric ESC, Inc. North Carolinastate2014$4,703tax credit/rebate
Sumitomo Electric ESC, Inc. North Carolinastate2013$4,631tax credit/rebate
Big O TiresColoradostate$4,215tax credit/rebate
Carrolls LLCMainestate2021$3,934property tax abatement
Sumitomo Electric Lightwave Corp.North Carolinastate2017$3,645tax credit/rebate
Big O TiresUtahstate2011$1,700training reimbursement
CARROLLS LLC Mainestate2016$1,441property tax abatement
BIG O TIRESColoradostate2014$1,382tax credit/rebate
CARROLLS LLCMainestate2017$1,366property tax abatement
CARROLLS LLC Mainestate2015$1,237property tax abatement
CARROLLS LLCMainestate2018$1,195property tax abatement
CARROLLS LLCMainestate2019$1,195property tax abatement
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2009$2,800,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2009$2,300,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2009$2,300,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$2,000,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$2,000,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$2,000,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,600,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,500,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,500,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,500,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,500,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,500,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,500,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,500,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,500,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,500,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2009$1,500,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,200,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,200,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,200,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,200,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,200,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2009$1,200,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,000,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,000,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,000,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,000,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,000,000,000federal loan or loan guarantee
SUMITOMO MITSUI BANKING NY BRUnited Statesfederal2008$1,000,000,000federal loan or loan guarantee
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