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.