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 Source of Data: (click here) 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: If an online information source is not working, check the Tracker inventory page for an updated link.