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MegadealsSubsidy Tracker Individual Entry
Company: Cummins, Inc.
Parent Company:
Cummins
Subsidy Source: local
Location: Tennessee
City: Memphis
Address: 4155 Quest Way
Project Description: retain/add jobs and invest more in company
Year: 2014
Major Industry of Parent: miscellaneous manufacturing
Specific Industry of Parent: engines
Subsidy Value: $7,282,208
Program Name: Shelby County PILOT Agreements
Awarding Agency: Economic Development Growth Engine
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 967
Wage Data: 36,639-37,800
Wage Data Type: salary
Capital Investment: $37,216,100
Source of Data:
(click here)
Notes: Subsidy value is projected loss in property taxes collected that would have been collected by the county. PILOT is for 15 year period. Year is year credit approved. Jobs figure is 70 created and 897 retained jobs. Wage figure is projected average salary of 37,800 for new jobs and 36,639 for retained jobs.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.