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Subsidy Tracker Individual Entry

Company: International Paper
Parent Company: International Paper
Subsidy Source: local
Location: Tennessee
City: Memphis
Address: 6420 Poplar Avenue
Project Description: construct 10 story tower as corporate headquarters and upgrades to Poplar Avenue office tower
Year: 2013
Major Industry of Parent: paper and packaging
Specific Industry of Parent: paper & packaging
Subsidy Value: $24,847,769
Program Name: Memphis PILOT
Awarding Agency: Economic Development Growth Engine
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 2,375
Wage Data: 93,225-161,719
Wage Data Type: salary
Capital Investment: $223,761,909
Source of Data: (click here)
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 101 created and 2,274 retained jobs. Wage figure is projected average salary for new jobs 93,225 and retained employees 161,719.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.