Subsidy Tracker Individual Entry
Company:
Convergys
Parent Company:
Synnex
Subsidy Source:
multiple
Location:
Ohio
City:
Cincinnati
County:
Hamilton
Project Description:
headquarters for business services corporation
Year:
2003
Major Industry of Parent:
wholesalers
Specific Industry of Parent:
wholesalers-computers
Subsidy Value:
$196,400,000
Program Name:
multiple
Awarding Agency:
multiple
Type of Subsidy:
MEGADEAL 
Number of Jobs or Training Slots:
1,450
Capital Investment:
$125,000,000
Source of Data:
The subsidy value and breakdown as well as the job and investment projections came from: Gregory Korte, "Convergys package gets council's stamp," Cincinnati Enquirer, July 26, 2003.
Notes:
To get the company to keep its headquarters in Cincinnati and double its workforce, the state provided $144.2 million in tax credits and grants, and the city provided $52.2 million in tax breaks and grants. In 2011 the company paid a $1 million penalty to the city because its employment fell below 1,400. See "Convergys to pay $1M to Cincinnati," The Business Courier, May 4, 2011. 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.
