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Subsidy Tracker Individual Entry

Company: L3 Communications
Parent Company: L3Harris Technologies
Subsidy Source: local
Location: Texas
City: Arlington
Address: 2115 & 2215 E Randol Mill Rd; 2200 Arlington Downs
Year: 2014
Major Industry of Parent: aerospace and military contracting
Specific Industry of Parent: aerospace & military contracting
Subsidy Value: undisclosed
Program Name: Arlington: Chapter 380 Agreement
Awarding Agency: Office of Economic Development
Type of Subsidy: Property Tax Abatement
Number of Jobs or Training Slots: 787
Capital Investment: $17,000,000
Source of Data: Direct from agency; not on web
Notes: Subsidy value is 10-year grant equal to 90% of the added real and BPP taxable value with annual amount fluctuating between 17,496 and 46,656; grant for assessed impact fees (45,000); fee waivers (estimated 80,000); grant equal to 50% of the City's portion of sales tax associated with the project. No total incentive amount disclosed. Jobs figure is 150 created and 637 retained jobs.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.