Subsidy Tracker Individual Entry

Company: 
Woodward Inc
Parent Company: 
Woodward Inc.
Subsidy Source: 
state
Location: 
Illinois
City: 
Rockford
Address: 
PO Box 7001
Project Description: 

Woodward Inc is requesting $1,500,000 grant under the Economically Depressed Areas Program for construction costs associated with the Woodward, Inc.'s Zenith Cuttter development. The project involves the expansion of Woodward's Aircraft Turbine Systems division. Wooodward plans to hire 104 new full-time workers and retain 1,000 jobs and invest $46 million. The site is located in a TIF and the city has high unemployment compared to the state.

Year: 
2012
Major Industry of Parent: 
miscellaneous energy products and systems
Specific Industry of Parent: 
energy control systems
Subsidy Value: 
$1,500,000
Program Name: 
Economically Depressed Areas
Awarding Agency: 
Department of Commerce and Economic Opportunity
Type of Subsidy: 
grant
Notes: 

Subsidy value is award amount. Year is grant start year.

Source Notes: 
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