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: 
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