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.
