Subsidy Tracker Individual Entry

Company: 
DRS Power & Control Technologies, Inc.
Parent Company: 
Leonardo S.p.A.
Subsidy Source: 
state
Location: 
Wisconsin
City: 
Milwaukee
County: 
Milwaukee
Address: 
4265 North 30th Street
Project Description: 

TID 62

Year: 
2006
Major Industry of Parent: 
aerospace and military contracting
Specific Industry of Parent: 
aerospace & military contracting
Subsidy Value: 
$1,500,000
Program Name: 
Milwaukee Tax Incremental Financing
Awarding Agency: 
City of Milwaukee Department of City Development
Type of Subsidy: 
tax increment financing
Number of Jobs or Training Slots: 
326
Notes: 

Project description is TID number. Job figure is the actual number of employees at the location as of end of 2012. The subsidy is in a form of forgivable loan if the company maintains 450 jobs by 2018. DRS has made a partial payment on the forgivable loan.

Source Notes: 
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