Subsidy Tracker: Industry Summary Page
Major Industry:
industrial equipment
Subsidy Total:
$1,334,481,812
Number of Awards:
2,932
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 2011.
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 | $388,060,181 | 53 |
| Eaton | $203,537,634 | 230 |
| Emerson Electric | $86,296,927 | 109 |
| ITT Inc. | $82,224,486 | 96 |
| SPX Corp. | $64,662,204 | 106 |
| Giner | $64,275,071 | 137 |
| Parker-Hannifin | $49,050,204 | 175 |
| Timken | $40,424,345 | 38 |
| Luna Innovations | $36,551,874 | 131 |
| Precision Combustion Inc. | $35,799,085 | 100 |
Individual Subsidy Records:
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| Company | Parent | Location | Subsidy Source | Year |
Subsidy Value |
Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|---|
| BABCOCK & WILCOX MPOWER, INC. | Babcock & Wilcox | United States | federal | 2017 | $112,822,420 | federal grant | |
| BABCOCK & WILCOX MPOWER, INC. | Babcock & Wilcox | United States | federal | 2018 | $111,341,838 | federal grant | |
| Eaton | Eaton | Ohio | multiple | 2009 | $85,000,000 |
MEGADEAL  |
|
| BABCOCK & WILCOX MPOWER, INC. | Babcock & Wilcox | United States | federal | 2013 | $78,797,665 | federal grant | |
| ITT Corporation | ITT Inc. | Utah | state | 2011 | $33,656,000 | tax credit/rebate | |
| Eaton Corporation | Eaton | Ohio | state | 2008 | $30,417,493 | tax credit/rebate | |
| Hoffman Enclosures Inc. | Pentair | Kentucky | state | 1997 | $29,500,000 | tax credit/rebate | |
| Goulds Pumps ITT Industries | ITT Inc. | New York | state | 2014 | $25,073,327 | enterprise zone | |
| Automatic Switch Company | Emerson Electric | New Jersey | state | 2012 | $24,500,000 | tax credit/rebate | |
| BABCOCK & WILCOX MPOWER, INC. | Babcock & Wilcox | United States | federal | 2013 | $20,491,493 | federal grant | |
| The Timken Company | Timken | Ohio | state | 2011 | $19,463,250 | tax credit/rebate | |
| Eaton Corporation | Eaton | Ohio | state | 2008 | $17,670,632 | tax credit/rebate | |
| Waukesha Electric Systems, Inc. | SPX Corp. | United States | federal | 2010 | $12,450,000 | federal allocated tax credit | |
| WAUKESHA ELECTRIC SYSTEMS, INC. | SPX Corp. | United States | federal | 2010 | $10,774,411 | federal grant | |
| Lincoln Electric Company | Lincoln Electric Holdings | Ohio | state | 2012 | $9,000,000 | tax credit/rebate | |
| Clarcor Air Filtration Products, Inc. | Parker-Hannifin | Kentucky | state | 2001 | $8,701,079 | tax credit/rebate | |
| BABCOCK & WILCOX MPOWER, INC. | Babcock & Wilcox | United States | federal | 2014 | $7,529,602 | federal grant | |
| WAUKESHA ELECTRIC SYSTEMS, INC | SPX Corp. | United States | federal | 2018 | $7,272,278 | federal grant | |
| BABCOCK & WILCOX MPOWER, INC. | Babcock & Wilcox | United States | federal | 2014 | $6,176,119 | federal grant | |
| Barden Corporation | Schaeffler Technologies | Connecticut | state | 2011 | $6,000,000 | grant/loan hybrid program | |
| SPX | SPX Corp. | North Carolina | local | 2011 | $5,827,691 | grant | |
| Fluid Routing Solutions, Inc. | Park-Ohio Holdings | Kentucky | state | 2010 | $5,600,000 | tax credit/rebate | |
| SPX Corporation | SPX Corp. | North Carolina | state | 2010 | $5,539,000 | grant | |
| Trane US Inc, A Division American Standard, Inc. | Ingersoll-Rand | Wisconsin | state | 2014 | $5,500,000 | tax credit/rebate | |
| Trane US Inc. | Ingersoll-Rand | Wisconsin | state | 2015 | $5,500,000 | tax credit/rebate | |
| Emerson Power Transmission, Mfg., L.P. | Emerson Electric | Kentucky | state | 2001 | $5,462,280 | tax credit/rebate | |
| EATON CORPORATION | Eaton | United States | federal | 2016 | $5,345,924 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2018 | $5,345,924 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2018 | $5,345,924 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2019 | $5,345,924 | federal grant | |
| EXTRUDE HONE CORPORATION | Kennametal | United States | federal | 2004 | $4,938,300 | federal grant | |
| Emerson Electric Co. | Emerson Electric | Kentucky | state | 2005 | $4,759,381 | tax credit/rebate | |
| BABCOCK & WILCOX POWER GENERATION GROUP, INC. | Babcock & Wilcox | United States | federal | 2017 | $4,744,605 | federal grant | |
| EMERSON CLIMATE TECHNOLOGIES INC | Emerson Electric | Ohio | state | 2016 | $4,500,000 | grant/loan hybrid program | |
| EMERSON CLIMATE TECHNOLOGIES INC | Emerson Electric | Ohio | state | 2016 | $4,500,000 | grant | |
| Parker Hydraulics Systems | Parker-Hannifin | Michigan | state | 2010 | $4,384,000 | tax credit/rebate | |
| BABCOCK & WILCOX TECHNICAL SERVICES GROUP, IN | Babcock & Wilcox | United States | federal | 2010 | $4,300,000 | federal grant | |
| GE Transportation | Westinghouse Air Brake Technologies (Wabtec) | Texas | state | 2011 | $4,200,000 | grant | |
| Waukesha Electric Systems | SPX Corp. | Wisconsin | state | 2010 | $4,000,000 | tax credit/rebate | |
| Nufern, Inc. | Coherent Inc. | Connecticut | state | 2013 | $4,000,000 | grant/loan hybrid program | |
| Dover Corporation | Dover Corp. | Illinois | state | 2013 | $3,859,336 | tax credit/rebate | |
| EXTRUDE HONE CORPORATION | Kennametal | United States | federal | 2002 | $3,591,000 | federal grant | |
| Halox Technologies, Inc. n/k/a IDEX Health & Science | IDEX | Connecticut | state | 1998 | $3,500,000 | grant | |
| Clarcor Air Filtration Products, Inc. | Parker-Hannifin | Indiana | state | 2010 | $3,500,000 | tax credit/rebate | |
| EATON CORPORATION | Eaton | United States | federal | 2012 | $3,400,000 | federal grant | |
| BABCOCK & WILCOX TECHNICAL SERVICES GROUP, IN | Babcock & Wilcox | United States | federal | 2009 | $3,362,922 | federal grant | |
| Instrument and Valve Services Inc. | Emerson Electric | Louisiana | state | 2013 | $3,357,930 | tax credit/rebate | |
| EATON CORPORATION | Eaton | United States | federal | 2018 | $3,350,928 | federal grant | |
| BABCOCK & WILCOX POWER GENERATION GROUP, INC. | Babcock & Wilcox | United States | federal | 2016 | $3,289,925 | federal grant | |
| BABCOCK & WILCOX POWER GENERATION GROUP, INC. | Babcock & Wilcox | United States | federal | 2018 | $3,289,925 | federal grant | |
| BABCOCK & WILCOX POWER GENERATION GROUP, INC. | Babcock & Wilcox | United States | federal | 2018 | $3,289,925 | federal grant | |
| BABCOCK & WILCOX POWER GENERATION GROUP, INC. | Babcock & Wilcox | United States | federal | 2019 | $3,289,925 | federal grant | |
| NACCO Materials Handling Group, Inc. | Hyster-Yale Materials Handling | Kentucky | state | 2007 | $3,185,400 | tax credit/rebate | |
| Voith Hydro | Voith | United States | federal | 2010 | $3,083,263 | federal allocated tax credit | |
| NACCO Materials Handling Group, Inc. | Hyster-Yale Materials Handling | Kentucky | state | 2003 | $3,000,000 | tax credit/rebate | |
| SMC Corporation of America | SMC Corp. | Indiana | state | 2009 | $3,000,000 | tax credit/rebate | |
| ASCO Power Technologies, L.P. | Emerson Electric | North Carolina | state | 2009 | $2,990,000 | grant | |
| THE TIMKEN COMPANY | Timken | United States | federal | 2008 | $2,790,880 | federal grant | |
| Dover Corporation | Dover Corp. | Illinois | state | 2014 | $2,739,483 | tax credit/rebate | |
| BWXT NUCLEAR ENERGY, INC. | Babcock & Wilcox | United States | federal | 2018 | $2,735,039 | federal grant | |
| BWXT NUCLEAR ENERGY, INC. | Babcock & Wilcox | United States | federal | 2019 | $2,735,039 | federal grant | |
| Franklin Electric Co., Inc. | Franklin Electric | Indiana | state | 2011 | $2,700,000 | tax credit/rebate | |
| THE BABCOCK & WILCOX COMPANY | Babcock & Wilcox | United States | federal | 2006 | $2,486,000 | federal grant | |
| BABCOCK & WILCOX POWER GENERATION GROUP, INC. | Babcock & Wilcox | United States | federal | 2013 | $2,483,005 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2014 | $2,428,655 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2017 | $2,428,655 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2013 | $2,418,242 | federal grant | |
| GINER, INC. | Giner | United States | federal | 2016 | $2,367,218 | federal grant | |
| GINER, INC. | Giner | United States | federal | 2018 | $2,367,218 | federal grant | |
| GINER, INC. | Giner | United States | federal | 2019 | $2,367,218 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2018 | $2,351,278 | federal grant | |
| GINER ELECTROCHEMICAL SYSTEMS, LLC | Giner | United States | federal | 2017 | $2,347,479 | federal grant | |
| PARKER HANNIFIN CORP | Parker-Hannifin | Ohio | state | 2012 | $2,329,087 | grant/loan hybrid program | |
| Emerson Power | Emerson Electric | Kentucky | state | 2009 | $2,300,000 | tax credit/rebate | |
| Instrument and Valve Services Inc. | Emerson Electric | Louisiana | state | 2015 | $2,236,396 | property tax abatement | |
| PARKER HANNIFIN CORP | Parker-Hannifin | Indiana | local | 2007 | $2,221,900 | property tax abatement | |
| Solus Industrial Innovations, LLC | Emerson Electric | Kentucky | state | 2011 | $2,208,000 | tax credit/rebate | |
| Fisher Controls International LLC 07-EZ-026 | Emerson Electric | Iowa | state | 2006 | $2,187,250 | enterprise zone | |
| PARKER HANNIFIN CORPORATION | Parker-Hannifin | Indiana | local | 2008 | $2,185,732 | property tax abatement | |
| BioStorage Technologies, Inc. | Brooks Automation | Indiana | state | 2005 | $2,174,151 | tax credit/rebate | |
| PRECISION COMBUSTION, INC. | Precision Combustion Inc. | United States | federal | 2018 | $2,159,813 | federal grant | |
| GINER, INC. | Giner | United States | federal | 2018 | $2,149,886 | federal grant | |
| GINER, INC. | Giner | United States | federal | 2019 | $2,149,850 | federal grant | |
| PRECISION COMBUSTION, INC. | Precision Combustion Inc. | United States | federal | 2018 | $2,148,951 | federal grant | |
| PRECISION COMBUSTION, INC. | Precision Combustion Inc. | United States | federal | 2019 | $2,148,951 | federal grant | |
| Parker-Hannifin Corporation | Parker-Hannifin | Ohio | state | 2011 | $2,148,540 | tax credit/rebate | |
| GINER, INC. | Giner | United States | federal | 2019 | $2,112,591 | federal grant | |
| Dover Corporation | Dover Corp. | Illinois | state | 2015 | $2,064,271 | tax credit/rebate | |
| WAUKESHA ELECTRIC SYSTEM | SPX Corp. | United States | federal | 2000 | $2,038,363 | federal grant | |
| EATON CORPORATION | Eaton | United States | federal | 2012 | $2,001,630 | federal grant | |
| 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 | |
| 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 |
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