Subsidy Tracker Individual Entry

Company: 
ABF Freight System, Inc.
Parent Company: 
ArcBest Corp.
Subsidy Source: 
local
Location: 
Tennessee
City: 
Memphis
Address: 
2080 Dunn Avenue and 2147 Frisco
Project Description: 

investment in new terminal expansion and create more jobs

Year: 
2014
Major Industry of Parent: 
miscellaneous services
Specific Industry of Parent: 
truck leasing
Subsidy Value: 
$1,776,439
Program Name: 
Memphis PILOT
Awarding Agency: 
Economic Development Growth Engine
Type of Subsidy: 
property tax abatement
Number of Jobs or Training Slots: 
283
Wage Data: 
$73,546
Wage Data Type: 
salary
Capital Investment: 
$20,550,000
Notes: 

Subsidy value is projected loss in property taxes collected that would have been collected by the city. PILOT is for 14 year period. Year is year credit approved. Jobs figure is 283 created jobs. Wage figure is projected average salary.

Source Notes: 
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