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Subsidy Tracker Individual Entry

Company: FEDEX EXPRESS
Parent Company: FedEx
Subsidy Source: local
Location: Tennessee
County: Shelby
Address: 3855 AIRWAYS BLVD.
Year: 2012
Major Industry of Parent: freight and logistics
Specific Industry of Parent: package delivery
Subsidy Value: undisclosed
Program Name: County PILOT agreements
Type of Subsidy: property tax abatement
Capital Investment: $347,195,622
Source of Data: (click here)
Notes: Entry was included on a 2012 list of projects reported by Industrial Development Boards in which the board holds title to a commercial property built by a private company, making it exempt from property taxes. The subsidy value, which is the difference between what property taxes would be and the payment in lieu of taxes (PILOT) made by the company, is not available. The original source has the PILOT payments and the length of the agreement. The investment figure is the estimated market value of the property.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.