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
Source of Data:
Notes:
Subsidy value is projected loss in property taxes collected.
Source Notes:
If an online information source is not working, check the Tracker inventory page for an updated link.
