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 Cable Systems, LLC | North Carolina | state | 2015 | $67,842 | tax credit/rebate | |
| Corning, Inc. | North Carolina | state | 2016 | $68,334 | tax credit/rebate | |
| US Conec, Ltd. | North Carolina | state | 2016 | $81,442 | tax credit/rebate | |
| US Conec, Ltd. | North Carolina | state | 2016 | $89,298 | tax credit/rebate | |
| Corning Cable Systems, LLC | North Carolina | state | 2016 | $99,656 | tax credit/rebate | |
| Corning Cable Systems, LLC | North Carolina | state | 2015 | $160,276 | tax credit/rebate | |
| Corning, Inc. | North Carolina | state | 2015 | $163,797 | tax credit/rebate | |
| Corning, Inc. | North Carolina | state | 2015 | $752,966 | tax credit/rebate | |
| Corning, Inc. | North Carolina | state | 2015 | $1,328,740 | tax credit/rebate | |
| Corning Incorporated | Maine | state | 2015 | undisclosed | tax credit/rebate | |
| Corning Incorporated | Maine | state | 2015 | undisclosed | enterprise zone | |
| Corning Pharmaceutical Glass, LLC | New Jersey | state | 2016 | $8,325,000 | tax credit/rebate | |
| Corning Incorporated | New York | state | 2001 | $4,750,000 | enterprise zone | |
| Corning Incorporated | New York | state | 2002 | $655,000 | enterprise zone | |
| Corning Incorporated | New York | state | 2003 | $2,435 | enterprise zone | |
| Corning Incorporated - Canton | New York | state | 2002 | $5,650,000 | enterprise zone | |
| Corning Incorporated - Canton | New York | state | 2003 | $17,663 | enterprise zone | |
| Corning Incorporated Diesel | New York | state | 2002 | $5,650,000 | enterprise zone | |
| Corning Incorporated Diesel | New York | state | 2003 | $1,278,238 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2009 | $5,558,641 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2004 | $399,611 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2004 | $5,389,443 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2005 | $440,171 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2005 | $5,153,811 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2008 | $382,807 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2008 | $5,871,479 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2009 | $361,391 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2010 | $338,818 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2010 | $5,749,869 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2002 | $385,000 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2003 | $391,561 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2002 | $3,805,000 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2003 | $4,659,200 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2011 | $337,897 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2011 | $5,951,553 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2012 | $319,815 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2012 | $6,249,271 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2013 | $282,437 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2013 | $6,063,282 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2014 | $280,921 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2014 | $5,771,944 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2015 | $292,664 | enterprise zone | |
| Corning Property Management Corporation | New York | state | 2015 | $5,670,854 | enterprise zone | |
| Corning (2016) | Virginia | state | 2016 | $136,850 | training reimbursement | |
| CORNING INC | Maine | state | 2017 | $130,714 | property tax abatement | |
| Corning Incorporated (Excalibur) | North Carolina | state | 2017 | $3,215,250 | grant | |
| Corning Optical Communications LLC (Cable II) | North Carolina | state | 2017 | $2,613,600 | grant | |
| Corning Incorporated (Fiber) | North Carolina | state | 2017 | $2,124,000 | grant | |
| Corning Incorporated (Agate) | North Carolina | state | 2017 | $1,236,000 | grant | |
| Corning (2016) | Virginia | state | 2017 | $136,850 | training reimbursement | |
| 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 | |
| Corning Incorporated (MV) | New York | state | 2017 | $250,000 | tax credit/rebate |
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