Subsidy Tracker Individual Entry

Company: 
Thomas & Betts Corp.
Parent Company: 
ABB Ltd.
Subsidy Source: 
local
Location: 
Tennessee
City: 
Memphis
County: 
Shelby
Address: 
860 Ridge Lake Boulevard
Zip: 
38120
Project Description: 

enable the company to consolidate their corporate research and development operations from out of state into a new corporate headquarters location

Year: 
2017
Major Industry of Parent: 
utilities and power generation
Specific Industry of Parent: 
power systems
Subsidy Value: 
$1,373,304
Program Name: 
Memphis PILOT
Awarding Agency: 
Economic Development Growth Engine
Type of Subsidy: 
property tax abatement
Number of Jobs or Training Slots: 
598
Wage Data: 
$86,788
Wage Data Type: 
Average salary overtime
Capital Investment: 
$20,750,000
Notes: 

Subsidy value is projected loss in property taxes collected.

Source Notes: 
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