Subsidy Tracker Individual Entry

Company: 
Coca-Cola Refreshments USA, Inc.
Parent Company: 
Coca-Cola
Subsidy Source: 
local
Location: 
Tennessee
City: 
Memphis
County: 
Shelby
Address: 
4770 Southpoint Drive
Project Description: 

retain/add jobs and invest in new distribution facility

Year: 
2015
Major Industry of Parent: 
beverages
Specific Industry of Parent: 
beverages
Subsidy Value: 
$1,526,539
Program Name: 
Memphis PILOT
Awarding Agency: 
Economic Development Growth Engine
Type of Subsidy: 
property tax abatement
Number of Jobs or Training Slots: 
367
Wage Data: 
39,793-39,913
Wage Data Type: 
salary
Capital Investment: 
$10,039,000
Notes: 

Subsidy value is projected loss in property taxes collected that would have been collected by the city. PILOT is for 15 year period. Year is year credit approved. Jobs figure is 50 created and 317 retained jobs. Wage figure is projected average salary of 39,913 for new jobs and 39,793 for retained jobs.

Source Notes: 
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