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Subsidy Tracker Individual Entry

Company: Oracle Corp.
Parent Company: Oracle
Subsidy Source: multiple
Location: Tennessee
City: Nashville
County: Davidson
Project Description: office campus
Year: 2021
Major Industry of Parent: information technology
Specific Industry of Parent: software
Subsidy Value: $240,000,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Number of Jobs or Training Slots: 5,989
Wage Data: $54.90
Wage Data Type: average hourly wage
Capital Investment: $1,350,000,000
Source of Data: Jobs, wages, investment and state grant amount are taken from: Tennessee State Funding Board September 7, 2021 Agenda, online at (click here). See also minutes of the meeting at (click here). As of November 2021, the deal was listed in the state panding FastTrack contract database: (click here). Local subsidies are taken from: Adam Sichk, "Metro Council approves incentives for Oracle Corp., propelling record-setting jobs deal to the finish line," Nashville Business Journal, May 4, 2021.
Notes: In April 2021, the Nashville Metro Council approved a subsidy deal with Oracle. The company will pay upfront $175 million for infrastructure improvements on its new office campus in Nashville; then it will be reimbursed for the costs over 25 years in a TIF-like scheme in which Oracle will keep half of new annual property taxes it generates at the site. The state approved $65 million in FastTrack Economic Development Funds. Overlaps with main data: none.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.