Subsidy Tracker Parent Company Summary
Parent Company Name:
Sumitomo Group
Ownership Structure:
publicly traded
Headquartered in:
Japan
Major Industry:
diversified
Specific Industry:
diversified
| Subsidy Summary | Subsidy Value | Number of Awards |
|---|---|---|
| State/Local | $55,537,817 | 45 |
| Federal (grants and allocated tax credits) | $1,833,115 | 2 |
| TOTAL | $57,370,932 | 47 |
| 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) | $68,996,287,952 | 122 |
| TOTAL | $68,996,287,952 | 122 |
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 2013.
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:
BIG O TIRES; DTR IND; DTR TENNESSEE INC; JUDD WIRE; LBX; LINK BELT CONSTRUCTION EQ LP LLLP; MESQUITE WIND; MIDAS; SPEEDEE OIL CHANGE AND TUNE UP; SUMIDEN WIRE PROD; SUMIKA POLYMER COMPUNDS; SUMIRIKO TENNESSEE; SUMITOMO; SUMITOMO CRYOGENICS OF AMERICA; SUMITOMO ELECTRIC; SUMITOMO MACHINERY OF AMERICA; SUMITOMO MITSUI; Sumitomo Rubber USA, LLC; SYMETRA LIFE INSURANCE; TBC; VALENT BIOSCIENCES; VAN DORN
Links:
For a summary of this company's regulatory violations see its Violation Tracker summary page here.
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| Texas | $27,338,792 | 1 |
| Kentucky | $13,795,540 | 16 |
| Iowa | $8,983,796 | 3 |
| Florida | $2,205,000 | 6 |
| New Jersey | $1,702,840 | 1 |
| All other | $1,511,849 | 18 |
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 |
|---|---|---|---|---|---|---|
| Mesquite Wind LLC | Texas | local | 2006 | $27,338,792 | property tax abatement | |
| Valent BioSciences Corporation | Iowa | state | 2011 | $4,491,898 | grant | |
| Sumitomo Electric Wintec America, Inc. (f/k/a SPD Magnet Wire , Co.) | Kentucky | state | 1997 | $3,500,000 | tax credit/rebate | |
| Valent BioSciences Corporation | Iowa | state | 2012 | $3,491,898 | enterprise zone | |
| Sumitomo Electric Wiring Systems Inc. | Kentucky | state | 2012 | $3,000,000 | tax credit/rebate | |
| Sumitomo Electric Wiring Systems Inc. | Kentucky | state | 2015 | $3,000,000 | tax credit/rebate | |
| Link-Belt Construction Equipment Company, L.P., LLLP | Kentucky | state | 2009 | $2,400,000 | tax credit/rebate | |
| TBC | United States | federal | 2012 | $1,829,115 | federal grant | |
| Sumitomo Trust & Banking Co. | New Jersey | state | 2000 | $1,702,840 | grant | |
| Sumitomo Electric Wiring Systems, Inc. | Kentucky | state | 2016 | $1,360,000 | tax credit/rebate | |
| TBC Corporation | Florida | state | 2012 | $1,060,000 | grant | |
| Valent BioSciences Corporation | Iowa | state | 2012 | $1,000,000 | grant | |
| TBC Corporation | Florida | state | 2012 | $525,000 | tax credit/rebate | |
| TBC Corporation | Florida | state | 2009 | $400,000 | grant | |
| Symetra Life Insurance Company | Connecticut | state | 2014 | $228,000 | tax credit/rebate | |
| Symetra Life Insurance Company | Connecticut | state | 2013 | $227,500 | tax credit/rebate | |
| Sumika Polymer Compunds | Georgia | state | 2008 | $200,000 | grant | |
| TBC Corporation | Florida | state | 2009 | $200,000 | tax credit/rebate | |
| Sumitomo Machinery Corporation of America | Virginia | state | 2018 | $200,000 | grant | |
| Sumitomo Electric ESC, Inc. | North Carolina | state | 2015 | $140,361 | tax credit/rebate | |
| TBC Retail Group, Inc. | Ohio | state | 2009 | $101,166 | tax credit/rebate | |
| Sumitomo Electric Wiring Systems, Inc. | Kentucky | state | 2010 | $100,000 | training reimbursement | |
| Link-Belt Construction Equipment Company, L.P., LLLP | Kentucky | state | 2016 | $100,000 | training reimbursement | |
| Link-Belt Construction Equipment Company, L.P., LLLP | Kentucky | state | 2016 | $100,000 | training reimbursement | |
| Sumitomo Machinery Corporation of America | Virginia | state | 2012 | $96,008 | training reimbursement | |
| Sumitomo Machinery Corp. of America | Virginia | state | 2012 | $78,400 | training reimbursement | |
| Symetra Life Insurance Company | Connecticut | state | 2012 | $74,500 | tax credit/rebate | |
| LBX Company LLC | Kentucky | state | 2018 | $70,000 | tax credit/rebate | |
| Sumitomo Rubber USA, Inc. | New York | local | 2017 | $67,815 | tax credit/rebate | |
| Sumitomo Electric Wiring System, Inc. | Tennessee | state | 2013 | $52,800 | training reimbursement | |
| Sumitomo Electric Wiring Systems, Inc. | Kentucky | state | 2016 | $30,000 | tax credit/rebate | |
| Sumitomo Electric Wiring Systems, Inc. | Kentucky | state | 2009 | $25,000 | training reimbursement | |
| Sumitomo Electric Wiring Systems, Inc. | Kentucky | state | 2010 | $25,000 | training reimbursement | |
| Sumitomo Electric Wiring Systems, Inc. | Kentucky | state | 2016 | $25,000 | training reimbursement | |
| Sumitomo Electric Wiring Systems, Inc. | Kentucky | state | 2017 | $25,000 | training reimbursement | |
| Sumitomo Electric Wiring Systems, Inc. | Kentucky | state | 2018 | $25,000 | training reimbursement | |
| SUMIDEN WIRE PRODUCTS CORPORATION | California | state | 2002 | $19,600 | training reimbursement | |
| LBX Company, LLC | Kentucky | state | 2008 | $10,540 | training reimbursement | |
| TBC Corporation | Florida | local | 2013 | $10,000 | grant | |
| TBC Corporation | Florida | local | 2014 | $10,000 | grant | |
| Sumitomo Cryogenics of America | Pennsylvania | state | 2017 | $9,068 | tax credit/rebate | |
| Sumitomo Electric ESC, Inc. | North Carolina | state | 2014 | $4,703 | tax credit/rebate | |
| Sumitomo Electric ESC, Inc. | North Carolina | state | 2013 | $4,631 | tax credit/rebate | |
| Big O Tires | Colorado | state | $4,215 | tax credit/rebate | ||
| VALENT BIOSCIENCES CORPORATION | United States | federal | 2003 | $4,000 | federal grant | |
| Big O Tires | Utah | state | 2011 | $1,700 | training reimbursement | |
| BIG O TIRES | Colorado | state | 2014 | $1,382 | tax credit/rebate | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $2,800,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $2,300,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $2,300,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $2,000,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $2,000,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $2,000,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,600,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,500,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,500,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,500,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,500,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,500,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,500,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,500,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,500,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,500,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $1,500,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,200,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,200,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,200,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,200,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,200,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $1,200,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,000,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,000,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,000,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,000,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,000,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2008 | $1,000,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $1,000,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $1,000,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $1,000,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $1,000,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2007 | $800,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $800,000,000 | federal loan or loan guarantee | |
| SUMITOMO TR BANKING NY BR | United States | federal | 2008 | $750,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $750,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $700,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $700,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $700,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $700,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $700,000,000 | federal loan or loan guarantee | |
| SUMITOMO TR BANKING NY BR | United States | federal | 2008 | $550,000,000 | federal loan or loan guarantee | |
| SUMITOMO TR BANKING NY BR | United States | federal | 2008 | $550,000,000 | federal loan or loan guarantee | |
| SUMITOMO TR BANKING NY BR | United States | federal | 2008 | $500,000,000 | federal loan or loan guarantee | |
| SUMITOMO TR BANKING NY BR | United States | federal | 2008 | $500,000,000 | federal loan or loan guarantee | |
| SUMITOMO TR BANKING NY BR | United States | federal | 2008 | $500,000,000 | federal loan or loan guarantee | |
| SUMITOMO TR BANKING NY BR | United States | federal | 2008 | $500,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $500,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $500,000,000 | federal loan or loan guarantee | |
| SUMITOMO TR BANKING NY BR | United States | federal | 2009 | $500,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $500,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $500,000,000 | federal loan or loan guarantee | |
| SUMITOMO MITSUI BANKING NY BR | United States | federal | 2009 | $500,000,000 | federal loan or loan guarantee |
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