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MegadealsSubsidy 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.