Subsidy Tracker Parent Company Summary
Parent Company Name:
Corning Inc.
Ownership Structure:
publicly traded (ticker symbol GLW)
Headquartered in:
New York
Major Industry:
miscellaneous manufacturing
Specific Industry:
glass & ceramic products
| Subsidy Summary | Subsidy Value | Number of Awards |
|---|---|---|
| State/Local | $1,084,889,781 | 302 |
| Federal (grants and allocated tax credits) | $186,217,360 | 11 |
| TOTAL | $1,271,107,141 | 313 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $500,000 | 1 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $0 | 0 |
| TOTAL | $500,000 | 1 |
Time Period for State and Local Awards:
Earliest year of data: 1992. 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.
Links:
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| Tennessee | $479,400,000 | 1 |
| Michigan | $372,405,000 | 6 |
| New York | $182,460,820 | 221 |
| North Carolina | $20,357,503 | 48 |
| Kentucky | $19,951,223 | 10 |
| All other | $10,315,235 | 16 |
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 |
|---|---|---|---|---|---|---|
| Corning Incorporated (Fiber) | North Carolina | state | 2017 | $2,124,000 | grant | |
| Corning Incorporated (Agate) | North Carolina | state | 2017 | $1,236,000 | grant | |
| Corning, Inc. | North Carolina | state | 2017 | $536,425 | tax credit/rebate | |
| Corning, Inc. | North Carolina | state | 2018 | $364,403 | tax credit/rebate | |
| Corning Cable Systems, LLC | North Carolina | state | 2017 | $40,967 | tax credit/rebate | |
| Corning Cable Systems, LLC | North Carolina | state | 2018 | $5,077 | tax credit/rebate | |
| US Conec, Ltd. | North Carolina | state | 2017 | $4,709 | tax credit/rebate | |
| US Conec, Ltd. | North Carolina | state | 2018 | $3,230 | tax credit/rebate | |
| Corning Cable Systems, LLC | North Carolina | state | 2010 | $95,513 | tax credit/rebate | |
| US Conec, Ltd. | North Carolina | state | 2017 | $60,182 | tax credit/rebate | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2011 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2011 | undisclosed | property tax abatement | |
| Hemlock Semiconductor | Tennessee | multiple | 2008 | $479,400,000 |
MEGADEAL  |
|
| HEMLOCK SEMICONDUCTOR, LLC | Tennessee | local | 2012 | undisclosed | property tax abatement | |
| HEMLOCK SEMICONDUCTOR, LLC | Tennessee | local | 2012 | undisclosed | property tax abatement | |
| HEMLOCK SEMICONDUCTOR, LLC | Tennessee | local | 2012 | undisclosed | property tax abatement | |
| HEMLOCK SEMICONDUCTOR, LLC | Tennessee | local | 2012 | undisclosed | property tax abatement | |
| HEMLOCK SEMICONDUCTOR, LLC | Tennessee | local | 2012 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2013 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2014 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2014 | undisclosed | property tax abatement | |
| Hemlock Semiconductor, LLC | Tennessee | local | 2016 | undisclosed | property tax abatement | |
| Corning Cable Systems | Texas | state | 2009 | undisclosed | training reimbursement | |
| Corning Cable Systems | Texas | local | 2000 | undisclosed | tax credit/rebate | |
| CORNING INCORPORATED | United States | federal | 2005 | $3,058,064 | federal grant | |
| CORNING INCORPORATED | United States | federal | 2006 | $2,288,748 | federal grant | |
| CORNING INTELLI SENSE CORPORATION | United States | federal | 2002 | $958,546 | federal grant | |
| CORNING, INC. | United States | federal | 2004 | $2,649,407 | federal grant | |
| CORNING INCORPORATED | United States | federal | 2004 | $2,500,000 | federal grant | |
| CORNING INCORPORATED | United States | federal | 2003 | $1,777,532 | federal grant | |
| CORNING INCORPORATED | United States | federal | 2002 | $600,000 | federal grant | |
| CORNING INCORPORATED | United States | federal | 2004 | $292,595 | federal grant | |
| CORNING INCORPORATED | United States | federal | 2003 | $222,468 | federal grant | |
| Hemlock Semiconductor Corp. | United States | federal | 2010 | $141,870,000 | federal allocated tax credit | |
| Corning Incorporated | United States | federal | 2013 | $30,000,000 | federal allocated tax credit | |
| Corning Incorporated | Virginia | state | 2007 | $150,000 | grant | |
| Corning Incorporated | Virginia | state | 2010 | $23,100 | training reimbursement | |
| Corning Incorporated | Virginia | state | 2009 | $123,094 | training reimbursement | |
| Corning (2016) | Virginia | state | 2016 | $136,850 | training reimbursement | |
| Corning (2016) | Virginia | state | 2017 | $136,850 | training reimbursement |
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