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Subsidy Tracker Individual Entry

Company: Vanguard Group
Parent Company: Vanguard Group
Subsidy Source: state
Location: Pennsylvania
County: Chester
Project Description: investment company headquarters expansion
Year: 2000
Major Industry of Parent: financial services
Specific Industry of Parent: investment management
Subsidy Value: $55,500,000
Subsidy Value in 2023 Dollars: $98,757,030
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Number of Jobs or Training Slots: 6,000
Capital Investment: $500 million
Source of Data: The subsidy details and employment and investment projections came from: "Ridge, Vanguard Laud Historic Deal," Philadelphia Inquirer, May 23, 2000.
Notes: The $55.5 million state package included a $12 million Opportunity Grant, up to $19 million in sales tax exemptions for construction materials, $4 million for Job Creation Tax Credits, $3 million for job training and $17.5 million in infrastructure assistance. Overlaps with main Subsidy Tracker data: two Job Creation Tax Credit entries totaling $3.5 million and an Opportunity Grant entry for $12 million.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.