Subsidy Tracker Individual Entry

Company: 
Cummins, Inc.
Parent Company: 
Cummins
Subsidy Source: 
local
Location: 
Tennessee
City: 
Memphis
County: 
Shelby
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: 
$5,652,442
Program Name: 
Memphis PILOT
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
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 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.