Subsidy Tracker Individual Entry
office campus
Jobs, wages, investment and state grant amount are taken from: Tennessee State Funding Board September 7, 2021 Agenda, online at https://comptroller.tn.gov/content/dam/cot/tsfb/documents/meeting-packet.... See also minutes of the meeting at https://comptroller.tn.gov/content/dam/cot/tsfb/documents/minutes/2021/2.... As of November 2021, the deal was listed in the state panding FastTrack contract database: https://www.tn.gov/transparenttn/state-financial-overview/open-ecd/opene.... 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.
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.