Subsidy Tracker: Industry Summary Page
Major Industry:
industrial equipment
Subsidy Total:
$1,457,482,725
Number of Awards:
3,185
Time Period:
Earliest year of data: 1989. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this industry are for the period since 2012.
Notes:
The dollar total above adjusts for the fact that there is an overlap between the amounts in one or more Megadeal entries and those of one or more of the other entries. The total includes only those entries matched to a parent company. The industry designation is the primary one for the parent's operations overall. Dollar totals do not include awards for which no subsidy value is disclosed.
| Top 10 Parent Companies | Total Subsidy $ | Number of Awards |
|---|---|---|
| Babcock & Wilcox | $390,795,220 | 54 |
| Eaton | $231,352,014 | 260 |
| Emerson Electric | $87,349,737 | 114 |
| ITT Inc. | $82,384,360 | 101 |
| Giner | $73,521,204 | 151 |
| SPX Corp. | $64,925,068 | 120 |
| Danfoss | $57,359,282 | 30 |
| Parker-Hannifin | $50,766,641 | 191 |
| Luna Innovations | $48,967,153 | 146 |
| Precision Combustion Inc. | $44,691,424 | 109 |
Individual Subsidy Records:
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| Company | Parent | Location | Subsidy Source | Year |
Subsidy Value |
Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|---|
| AvBorne Heavy Maintenance, Inc. | Dover Corp. | Florida | state | 1997 | $2,000,000 | tax credit/rebate | |
| NACCO Materials Handling Group, Inc. | Hyster-Yale Materials Handling | Kentucky | state | 2013 | $2,000,000 | tax credit/rebate | |
| Eaton | Eaton | North Carolina | local | 2011 | $2,000,000 | grant | |
| EATON CORPORATION | Eaton | United States | federal | 2015 | $1,999,439 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2018 | $1,999,439 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2019 | $1,999,439 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2020 | $1,999,439 | federal grant | |
| GINER, INC. | Giner | United States | federal | 2018 | $1,998,934 | federal grant | |
| THE TIMKEN COMPANY | Timken | United States | federal | 2007 | $1,980,000 | federal grant | |
| TIMKEN CO | Timken | United States | federal | 2004 | $1,975,000 | federal grant | |
| THE TIMKEN COMPANY | Timken | United States | federal | 2005 | $1,972,215 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2017 | $1,957,048 | federal grant | |
| KENNAMETAL INC | Kennametal | United States | federal | 2006 | $1,949,996 | federal grant | |
| Dielectric Laboratories Inc. | Dover Corp. | New York | state | 2015 | $1,922,460 | tax credit/rebate | |
| The Lincoln Electric Company | Lincoln Electric Holdings | United States | federal | 2011 | $1,906,036 | federal grant | |
| Goulds Pumps and ITT Industries Co. | ITT Inc. | New York | state | 2003 | $1,905,100 | enterprise zone | |
| EATON CORPORATION | Eaton | United States | federal | 2010 | $1,861,364 | federal grant | |
| THE TIMKEN COMPANY | Timken | United States | federal | 2007 | $1,861,208 | federal grant | |
| SMC Corporation of America | SMC Corp. | Indiana | state | 2019 | $1,815,000 | tax credit/rebate | |
| EATON CORPORATION | Eaton | United States | federal | 2016 | $1,813,571 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2017 | $1,813,571 | federal grant | |
| PRECISION COMBUSTION, INC. | Precision Combustion Inc. | United States | federal | 2021 | $1,799,889 | federal grant | |
| Pentair Water Pool & Spa, Inc. | Pentair | North Carolina | state | 2008 | $1,789,213 | tax credit/rebate | |
| Kaydon | SKF | United States | federal | 2010 | $1,774,800 | federal allocated tax credit | |
| ELDEC CORPORATION | Crane Co. | Washington | state | 2018 | $1,756,634 | tax credit/rebate | |
| LORD Corporation | Lord Corporation | Pennsylvania | state | $1,750,000 | grant | ||
| Rockwell Automation, Inc. | Rockwell Automation | Indiana | state | 2018 | $1,750,000 | tax credit/rebate | |
| EATON CORPORATION | Eaton | United States | federal | 2014 | $1,749,820 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2018 | $1,749,820 | federal grant | |
| Sauer-Danfoss | Danfoss | Iowa | state | 2006 | $1,741,250 | tax credit/rebate | |
| Alliance Compressors | Emerson Electric | Louisiana | state | 2015 | $1,727,909 | property tax abatement | |
| GINER, INC. | Giner | United States | federal | 2018 | $1,724,936 | federal grant | |
| Dover Corporation | Dover Corp. | Illinois | state | 2016 | $1,724,022 | tax credit/rebate | |
| GINER, INC. | Giner | United States | federal | 2019 | $1,723,631 | federal grant | |
| Hyster-Yale Group, Inc. | Hyster-Yale Materials Handling | Kentucky | state | 2016 | $1,719,630 | tax credit/rebate | |
| Alliance Compressors, LLC | Emerson Electric | Louisiana | state | 2016 | $1,711,948 | property tax abatement | |
| EXTRUDE HONE CORPORATION | Kennametal | United States | federal | 2007 | $1,699,888 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2018 | $1,688,268 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2020 | $1,688,268 | federal grant | |
| EMERSON ELECTRIC CO. | Emerson Electric | United States | federal | 2010 | $1,650,838 | federal grant | |
| KENNAMETAL INC | Kennametal | United States | federal | 2005 | $1,649,500 | federal grant | |
| Fellon-McCord & Associates, Inc. | Ingersoll Rand | Kentucky | state | 2002 | $1,603,710 | tax credit/rebate | |
| PCB Piezotronics of North Carolina | MTS Systems | North Carolina | state | 2004 | $1,602,000 | grant | |
| EATON CORPORATION | Eaton | United States | federal | 2016 | $1,590,919 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2017 | $1,590,919 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2018 | $1,590,919 | federal grant | |
| PARKER HANNIFIN CORPORATION | Parker-Hannifin | Indiana | local | 2009 | $1,588,610 | property tax abatement | |
| KENNAMETAL INC | Kennametal | United States | federal | 2004 | $1,574,955 | federal grant | |
| LUNA INNOVATIONS INCORPORATED | Luna Innovations | United States | federal | 2011 | $1,550,589 | federal grant | |
| Dokka Fasteners, Incorporated | Wurth Group | Michigan | state | 2011 | $1,521,000 | tax credit/rebate | |
| ELDEC CORPORATION | Crane Co. | Washington | state | 2019 | $1,508,317 | tax credit/rebate | |
| Emerson Power Transmission, L.P. | Emerson Electric | Kentucky | state | 2009 | $1,500,000 | tax credit/rebate | |
| EATON CORPORATION | Eaton | Ohio | state | 2009 | $1,500,000 | grant | |
| EATON CORPORATION | Eaton | Ohio | state | 2010 | $1,500,000 | grant | |
| EATON CORPORATION | Eaton | Ohio | state | 2011 | $1,500,000 | grant | |
| EATON CORPORATION | Eaton | Ohio | state | 2012 | $1,500,000 | grant | |
| BOMAG Americas, Inc. | SPX Corp. | South Carolina | state | 2014 | $1,500,000 | grant | |
| BABCOCK & WILCOX POWER GENERATION GROUP, INC. | Babcock & Wilcox | United States | federal | 2014 | $1,500,000 | federal grant | |
| Goulds Pumps, Inc. | ITT Inc. | New York | state | 2015 | $1,500,000 | tax credit/rebate | |
| EATON CORPORATION | Eaton | United States | federal | 2019 | $1,500,000 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2020 | $1,500,000 | federal grant | |
| GINER, INC. | Giner | United States | federal | 2015 | $1,499,939 | federal grant | |
| WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION | Westinghouse Air Brake Technologies (Wabtec) | United States | federal | 2020 | $1,474,075 | federal grant | |
| Rosemount Inc | Emerson Electric | Minnesota | local | 2013 | $1,440,496 | tax credit/rebate and grant | |
| Eaton Corporation | Eaton | Kentucky | state | 2010 | $1,440,000 | tax credit/rebate | |
| Eaton Corporation | Eaton | Kentucky | state | 2010 | $1,440,000 | tax credit/rebate | |
| BABCOCK & WILCOX TECHNICAL SERVICES GROUP, IN | Babcock & Wilcox | United States | federal | 2011 | $1,430,352 | federal grant | |
| Timken Company, The | Timken | North Carolina | state | 2008 | $1,411,529 | tax credit/rebate | |
| PARKER-HANNIFIN CORPORATION | Parker-Hannifin | United States | federal | 2008 | $1,401,631 | federal grant | |
| GINER, INC. | Giner | United States | federal | 2017 | $1,378,597 | federal grant | |
| KUKA Systems North America LLC | KUKA AG | Michigan | state | 2015 | $1,366,000 | property tax abatement | |
| EXTRUDE HONE CORPORATION | Kennametal | United States | federal | 2008 | $1,360,255 | federal grant | |
| GINER, INC. | Giner | United States | federal | 2018 | $1,339,187 | federal grant | |
| GINER, INC. | Giner | United States | federal | 2018 | $1,339,187 | federal grant | |
| GINER, INC. | Giner | United States | federal | 2019 | $1,339,187 | federal grant | |
| ITT Corporation | ITT Inc. | Indiana | state | 2011 | $1,330,000 | tax credit/rebate | |
| The Timken Company | Timken | United States | federal | 2010 | $1,329,935 | federal allocated tax credit | |
| LORD Corporation | Lord Corporation | North Carolina | state | 2011 | $1,308,750 | grant | |
| EATON CORPORATION | Eaton | United States | federal | 2012 | $1,300,021 | federal grant | |
| Crown Equipment Company | Crown Equipment | Indiana | state | 2012 | $1,300,000 | tax credit/rebate | |
| LUNA INNOVATIONS INCORPORATED | Luna Innovations | United States | federal | 2020 | $1,299,992 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2017 | $1,293,036 | federal grant | |
| Andritz Hydro Corp. & Affiliates | Andritz | United States | federal | 2010 | $1,270,320 | federal allocated tax credit | |
| Clyde Union, Inc. | SPX Corp. | Michigan | state | 2010 | $1,269,000 | tax credit/rebate | |
| Fellon-McCord & Associates, Inc. | Ingersoll Rand | Kentucky | state | 2006 | $1,249,000 | tax credit/rebate | |
| KENNAMETAL INC. | Kennametal | Arkansas | state | $1,218,614 | tax credit/rebate | ||
| PRECISION COMBUSTION, INC. | Precision Combustion Inc. | United States | federal | 2021 | $1,206,394 | federal grant | |
| LUNA INNOVATIONS INCORPORATED | Luna Innovations | United States | federal | 2020 | $1,202,997 | federal grant | |
| LUNA INNOVATIONS INC | Luna Innovations | United States | federal | 2001 | $1,202,111 | federal grant | |
| Lord Corporation | Lord Corporation | Kentucky | state | 2007 | $1,200,000 | tax credit/rebate | |
| Crown Equipment Corporation | Crown Equipment | Indiana | state | 2012 | $1,200,000 | tax credit/rebate | |
| EXTRUDE HONE CORPORATION | Kennametal | United States | federal | 2005 | $1,200,000 | federal grant | |
| The Timken Company | Timken | North Carolina | state | 2015 | $1,195,285 | tax credit/rebate | |
| EATON CORPORATION | Eaton | United States | federal | 2018 | $1,191,040 | federal grant | |
| Aeroquip Corporation | Eaton | Indiana | local | 2001 | $1,187,310 | property tax abatement | |
| Lydall Thermal/Acoustical, Inc. | Lydall | North Carolina | state | 2011 | $1,180,000 | tax credit/rebate | |
| EATON US HOLDINGS INC | Eaton | Oklahoma | state | 2014 | $1,173,715 | tax credit/rebate | |
| Emerson Climate Technologies, Inc. | Emerson Electric | Indiana | state | 2010 | $1,165,000 | tax credit/rebate | |
| PRECISION COMBUSTION, INC. | Precision Combustion Inc. | United States | federal | 2018 | $1,164,469 | federal grant | |
| PRECISION COMBUSTION, INC. | Precision Combustion Inc. | United States | federal | 2019 | $1,164,469 | federal grant | |
| LUNA INNOVATIONS INCORPORATED | Luna Innovations | United States | federal | 2017 | $1,159,999 | federal grant |
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