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