Subsidy Tracker Individual Entry

Company: 
Old Dominion Freight Line
Parent Company: 
Old Dominion Freight Line
Subsidy Source: 
local
Location: 
Tennessee
City: 
Memphis
Address: 
2102 Spirit of 76 Drive
Project Description: 

create jobs and invest in construction of new facility

Year: 
2014
Major Industry of Parent: 
freight and logistics
Specific Industry of Parent: 
logistics
Subsidy Value: 
$2,191,507
Program Name: 
Memphis PILOT
Awarding Agency: 
Economic Development Growth Engine
Type of Subsidy: 
property tax abatement
Number of Jobs or Training Slots: 
160
Wage Data: 
$55,000
Wage Data Type: 
salary
Capital Investment: 
$36,014,804
Notes: 

Subsidy value is projected loss in property taxes collected that would have been collected by the city. PILOT is for 9 year period. Year is year credit approved. Jobs figure is created jobs. Wage figure is projected average salary.

Source Notes: 
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