Subsidy Tracker Individual Entry

Company: 
Wright Medical
Parent Company: 
Subsidy Source: 
local
Location: 
Tennessee
City: 
Memphis
County: 
Shelby
Address: 
1023 Cherry Road
Project Description: 

additional investment in corporate headquarters while retaining and adding jobs

Year: 
2013
Subsidy Value: 
$2,147,790
Program Name: 
Shelby County PILOT Agreements
Awarding Agency: 
Economic Development Growth Engine
Type of Subsidy: 
property tax abatement
Number of Jobs or Training Slots: 
260
Wage Data: 
70,000-108,000
Wage Data Type: 
salary
Capital Investment: 
$15,570,440
Notes: 

Subsidy value is projected loss in property taxes collected that would have been collected by the county. PILOT is for 15 year period. Year is year credit approved. Jobs figure is 35 created and 225 retained jobs. Wage figure is projected average salary of 70,000 for new employees and 108,000 for retained employees.

Source Notes: 
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