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: 
$12,564,290
Program Name: 
Memphis PILOT
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 city. PILOT is for 15 year period. Year is year credit approved. Jobs figure is 557 retained jobs. Wage figure is average salary.

Source Notes: 
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