Subsidy Tracker Parent Company Summary

Parent Company Name: 
Timken
Ownership Structure: 
publicly traded (ticker symbol TKR)
Headquartered in: 
Ohio
Major Industry: 
industrial equipment
Specific Industry: 
industrial equipment
Subsidy SummarySubsidy ValueNumber of Awards
State/Local$28,370,10730
Federal (grants and allocated tax credits)$12,054,2388
TOTAL$40,424,34538
Loan / Bailout SummaryTotal Face ValueNumber of Awards
State/Local loans, bond financing and venture capital$00
Federal loans, loan guarantees and bailout assistance (not including repayments)$00
TOTAL$00
Time Period for State and Local Awards: 

Earliest year of data: 2004. 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 2010.

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: 

BEARING INSPECTION; TIMKEN; TIMKEN RECEIVABLES

Links: 

For a summary of this company's regulatory violations see its Violation Tracker summary page here.

For an overview of political contributions associated with this company, see its Follow the Money page.


Top 5 States for state/local awardsTotal Subsidy $Number of Awards
Ohio$20,663,2504
North Carolina$5,978,33217
Georgia$1,300,0002
South Carolina$217,7402
Virginia$150,0001
All other$60,7854

Individual Subsidy Records:

Click on the company name for more information on each subsidy award.
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Companysort icon Location Subsidy Source Year Subsidy Value Loan/Bailout Value Type of Subsidy
BEARING INSPECTION, INC. California state 2004 $19,500 training reimbursement
The Timken Company Alabama state 2012 $2,400 cost reimbursement
The Timken Company Ohio state 2011 $19,463,250 tax credit/rebate
The Timken Company South Carolina state 2011 undisclosed tax credit/rebate
The Timken Company North Carolina state 2012 $112,500 tax credit/rebate
The Timken Company North Carolina state 2012 $130,000 tax credit/rebate
THE TIMKEN COMPANY United States federal 2008 $2,790,880 federal grant
THE TIMKEN COMPANY United States federal 2007 $1,861,208 federal grant
THE TIMKEN COMPANY United States federal 2007 $1,980,000 federal grant
THE TIMKEN COMPANY United States federal 2005 $1,972,215 federal grant
THE TIMKEN COMPANY United States federal 2007 $20,000 federal grant
The Timken Company United States federal 2010 $1,329,935 federal allocated tax credit
The Timken Company North Carolina state 2013 $526,309 tax credit/rebate
The Timken Company North Carolina state 2008 $100,000 grant
The Timken Company North Carolina state 2013 $201,647 tax credit/rebate
The Timken Company North Carolina state 2015 $381,425 tax credit/rebate
The Timken Company North Carolina state 2015 $1,195,285 tax credit/rebate
THE TIMKEN CORPORATION United States federal 2005 $125,000 federal grant
The Timken Corporation North Carolina state 2015 $3,810 tax credit/rebate
TIMKEN South Carolina state 2010 $126,256 training reimbursement
Timken - Honea Path South Carolina state 2010 $91,484 training reimbursement
Timken Areospace New Hampshire state 2010 $29,875 training reimbursement
Timken Areospace New Hampshire state 2010 $9,010 training reimbursement
TIMKEN CO United States federal 2004 $1,975,000 federal grant
Timken Company Georgia state 2007 $800,000 grant
Timken Company Georgia state 2007 $500,000 grant
TIMKEN COMPANY Ohio state 2008 $50,000 grant
TIMKEN COMPANY Ohio state 2011 $900,000 grant/loan hybrid program
TIMKEN COMPANY Ohio state 2013 $250,000 grant
Timken Company, The North Carolina state 2008 $1,411,529 tax credit/rebate
Timken Company, The North Carolina state 2008 $85,000 tax credit/rebate
Timken Company, The North Carolina state 2008 $77,250 tax credit/rebate
Timken Company, The North Carolina state 2009 $102,687 tax credit/rebate
Timken Company, The North Carolina state 2008 $940,540 tax credit/rebate
Timken Corp., The Tennessee local 2013 undisclosed property tax abatement
Timken Corporation Virginia state 2006 $150,000 grant
Timken Receivables Corporation North Carolina state 2015 $134,940 tax credit/rebate
Timken US Corporation North Carolina state 2008 $100,000 tax credit/rebate
Timken US Corporation North Carolina state 2008 $25,410 tax credit/rebate
Timken US Corporation North Carolina state 2008 $450,000 tax credit/rebate
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