Subsidy Tracker Individual Entry

Company: 
Continental Tire
Parent Company: 
Continental AG
Subsidy Source: 
local
Location: 
Tennessee
City: 
Memphis
Address: 
3474 Winchester
Project Description: 

add jobs and invest more

Year: 
2014
Major Industry of Parent: 
automotive parts
Specific Industry of Parent: 
automotive parts-tires
Subsidy Value: 
$70,499
Program Name: 
Memphis PILOT
Awarding Agency: 
Economic Development Growth Engine
Type of Subsidy: 
property tax abatement
Number of Jobs or Training Slots: 
25
Wage Data: 
$41,814
Wage Data Type: 
salary
Capital Investment: 
$2,066,100
Notes: 

Subsidy value is projected loss in property taxes collected that would have been collected by the city. PILOT is for 5 year period. Year is year credit approved. Jobs figure is 25 created jobs. Wage figure is projected average salary.

Source Notes: 
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