Subsidy Tracker Individual Entry

Company: 
Valero
Parent Company: 
Valero Energy
Subsidy Source: 
local
Location: 
Tennessee
City: 
Memphis
County: 
Shelby
Address: 
543 West Mallory
Project Description: 

expand operations and retain current workforce

Year: 
2011
Major Industry of Parent: 
oil and gas
Specific Industry of Parent: 
oil & gas
Subsidy Value: 
$13,199,009
Program Name: 
Shelby County PILOT Agreements
Awarding Agency: 
Economic Development Growth Engine
Type of Subsidy: 
property tax abatement
Number of Jobs or Training Slots: 
557
Wage Data: 
$95,844
Wage Data Type: 
salary
Capital Investment: 
$298,538,000
Notes: 

Subsidy value is projected loss in property taxes collected that would have been collected by the county. PILOT is for 6 year period. Year is year credit approved. Jobs figure is 557 retained jobs. Wage figure is average salary.

Source Notes: 
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