Subsidy Tracker Individual Entry

Company: 
IKEA Property, Inc.
Parent Company: 
Ikea
Subsidy Source: 
local
Location: 
Tennessee
City: 
Memphis
County: 
Shelby
Address: 
7807 Interstate 40
Project Description: 

add jobs and invest in location

Year: 
2015
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-home furnishings
Subsidy Value: 
$4,154,092
Program Name: 
Memphis PILOT
Awarding Agency: 
Economic Development Growth Engine
Type of Subsidy: 
property tax abatement
Number of Jobs or Training Slots: 
175
Wage Data: 
$41,011
Wage Data Type: 
salary
Capital Investment: 
$64,269,000
Notes: 

Subsidy value is projected loss in property taxes collected that would have been collected by the city. PILOT is for 11 year period. Year is year credit approved. Jobs figure is 175 created jobs. Wage figure is projected average salary.

Source Notes: 
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