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Subsidy Tracker Individual Entry

Company: Convergys
Parent Company: TD 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: 
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.