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 Summary | Subsidy Value | Number of Awards |
|---|---|---|
| State/Local | $28,370,107 | 30 |
| Federal (grants and allocated tax credits) | $12,054,238 | 8 |
| TOTAL | $40,424,345 | 38 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $0 | 0 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $0 | 0 |
| TOTAL | $0 | 0 |
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; TIMKEN SMO
Links:
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| Ohio | $20,663,250 | 4 |
| North Carolina | $5,978,332 | 17 |
| Georgia | $1,300,000 | 2 |
| South Carolina | $217,740 | 2 |
| Virginia | $150,000 | 1 |
| All other | $60,785 | 4 |
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 |
|---|---|---|---|---|---|---|
| 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 SMO LLC | Kansas | state | 2016 | undisclosed | grant | |
| Timken SMO LLC | Kansas | state | 2017 | undisclosed | grant | |
| Timken SMO LLC | Kansas | state | 2018 | undisclosed | grant | |
| 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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