Subsidy Tracker Individual Entry

Company: 
Federal Express
Parent Company: 
FedEx
Subsidy Source: 
multiple
Location: 
North Carolina
City: 
Greensboro
County: 
Guilford
Project Description: 

air cargo hub

Year: 
1998
Major Industry of Parent: 
freight and logistics
Specific Industry of Parent: 
package delivery
Subsidy Value: 
$115,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
1,500
Capital Investment: 
$300,000,000
Source of Data: 

The subsidy value and the jobs and investment projections came from: Robert Lamme, "Hunt signs incentives bill into law," Greensboro News & Record, July 24, 1998. The breakdown of the subsidies came from: Taft Wireback, "What's an Incentives Package Really Worth These Days?" Greensboro News & Record, March 14, 1999.

Notes: 

The subsidy package included local property taxes worth an estimated $38.6 million over 20 years, with the rest coming from state sales tax exemptions on construction materials and equipment as well as infrastructure assistance. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.