Subsidy Tracker Individual Entry

Company: 
RadioShack
Parent Company: 
RadioShack
Subsidy Source: 
multiple
Location: 
Texas
City: 
Fort Worth
County: 
Tarrant
Project Description: 

corporate headquarters

Year: 
2002
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-electronics
Subsidy Value: 
$96,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
2,400
Capital Investment: 
$250,000,000
Source of Data: 

The subsidy value, the number of jobs to be retained and the projected cost of the new headquarters came from: Anna M. Tinsley and Barry Schlachter, "Riverfront project might get tax refund," Fort Worth Star-Telegram, July 9, 2002.

Notes: 

The package consisted of $67 million in "economic development grants" (the term used to extend property tax abatements beyond their usual 10-year limit to 30 years) and $29 million in tax increment-financed infrastructure improvements. In 2020 the company got another $10.7 million in tax rebates (Mike Lee, "RadioShack tax rebates approved in Fort Worth," Fort Worth Star-Telegram, June 16, 2010). The main Subsidy Tracker data contains a 203 enterprise zone entry but without a dollar amount.

Source Notes: 
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