Subsidy Tracker Individual Entry

Company: 
FedEx
Parent Company: 
FedEx
Subsidy Source: 
local
Location: 
Tennessee
City: 
Memphis
Address: 
3855 Airways Boulevard
Project Description: 

pilot training facility at Memphis International Airport

Year: 
2012
Major Industry of Parent: 
freight and logistics
Specific Industry of Parent: 
package delivery
Subsidy Value: 
$7,140,890
Program Name: 
Memphis PILOT
Awarding Agency: 
Economic Development Growth Engine
Type of Subsidy: 
property tax abatement
Number of Jobs or Training Slots: 
333
Wage Data: 
$76,707
Wage Data Type: 
salary
Capital Investment: 
$141,850,000
Notes: 

Subsidy value is projected loss in property taxes collected that would have been collected by the city. PILOT is for 13 year period. Year is year credit approved. Jobs figure is 333 retained jobs. Wage figure is average salary.

Source Notes: 
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