Subsidy Tracker Individual Entry
Company:
Old Dominion Freight Line
Parent Company:
Old Dominion Freight Line
Subsidy Source:
local
Location:
Tennessee
City:
Memphis
Address:
2102 Spirit of 76 Drive
Project Description:
create jobs and invest in construction of new facility
Year:
2014
Major Industry of Parent:
freight and logistics
Specific Industry of Parent:
logistics
Subsidy Value:
$2,191,507
Program Name:
Memphis PILOT
Awarding Agency:
Economic Development Growth Engine
Type of Subsidy:
property tax abatement
Number of Jobs or Training Slots:
160
Wage Data:
$55,000
Wage Data Type:
salary
Capital Investment:
$36,014,804
Source of Data:
http://database.growth-engine.org/search-results/loans/
Notes:
Subsidy value is projected loss in property taxes collected that would have been collected by the city. PILOT is for 9 year period. Year is year credit approved. Jobs figure is created jobs. Wage figure is projected average salary.
Source Notes:
If an online information source is not working, check the Tracker inventory page for an updated link.
