Subsidizing the Corporate One Percent: Subsidy Tracker 2.0 Reveals Big-Business Dominance of State and Local Development Incentives by Philip Mattera February 2014 Big Business Parents of Subsidy Recipients Identified So Far: 965 Total number of subsidy awards associated with these parents: 25,000 Total value (as known) of the awards received by these companies: $110 billion Value of those awards as a portion of total value of Subsidy Tracker universe: 75 percent Company Subsidy Value Number of Subsidies 1 Boeing $13,174,075,797 137 2 Alcoa $5,635,305,059 91 3 Intel $3,867,492,085 58 4 General Motors $3,494,237,703 307 5 Ford Motor $2,522,304,454 173 6 Fiat $2,060,988,039 93 7 Royal Dutch Shell $2,038,202,298 66 8 Nike $2,024,582,002 23 9 Nissan $1,799,585,041 25 10 Cerner $1,732,784,334 15 11 Cheniere Energy $1,693,646,504 10 12 Dow Chemical $1,408,228,374 416 13 ArcelorMittal $1,338,284,411 58 14 Advanced Technology Investment $1,224,997,961 4 15 Berkshire Hathaway $1,063,809,399 310 16 Toyota $1,051,586,557 77 17 IBM $1,026,845,249 208 18 Delta Air Lines $869,754,989 7 19 Texas Instruments $727,848,327 39 20 Pyramid Companies $703,596,595 15 21 Goldman Sachs $661,979,222 28 22 Volkswagen $657,778,311 14 23 JPMorgan Chase $653,474,481 133 24 Hyundai Motor $649,041,683 7 25 Google $632,044,922 26 26 Teck Resources $597,871,991 5 27 Mayo Clinic $585,000,000 1 28 Forest City Enterprises $582,389,708 37 29 Clean Coal Power Operations $550,000,000 1 30 Sematech $550,000,000 3 31 Scripps Research Institute $545,000,000 1 32 Daimler $544,749,000 42 33 Nucor $534,974,717 46 34 Sears $534,616,673 54 35 Silver Lake $482,025,256 85 36 FedEx $456,750,126 222 37 NRG Energy $449,990,674 49 38 Apple $446,485,233 6 39 Honda $438,179,224 38 40 McEagle Properties $430,650,000 5 41 Cornell University $400,000,000 1 42 Shin-Etsu Chemical $398,842,605 40 43 Severstal $396,013,300 26 44 General Electric $394,212,107 255 45 Onex $388,603,757 118 46 Walt Disney $381,525,727 36 47 Mitsubishi Group $379,243,036 42 48 Morgan Stanley $366,284,480 47 49 Triple Five Worldwide $358,000,000 2 50 Michelin $357,416,880 46 # Parent Company (continued) Subsidy Value Number of Subsidies 51 Community Health Systems $355,703,779 94 52 Aker Philadelphia Shipyard $350,000,000 1 53 H&R Block $341,317,824 9 54 Exxon Mobil $340,271,846 71 55 United Continental $337,081,638 20 56 Amazon $330,756,147 39 57 LG $327,082,717 14 58 Duke Energy $325,877,242 15 59 Revel AC $323,000,000 2 60 Samsung $317,148,838 17 61 Huntington Ingalls Industries $312,056,400 5 62 Weyerhaeuser $300,575,457 92 63 Orca Bay Seafoods $296,849,235 6 64 Jackson Laboratory $291,000,000 1 65 Anschutz Company $290,000,045 4 66 Areva $289,116,137 13 67 Citigroup $286,228,767 64 68 Sasol $279,262,538 27 69 Peabody Energy $278,095,289 22 70 Electrolux $278,068,356 19 71 ConAgra Foods $271,306,014 145 72 Nestle $264,262,725 163 73 General Dynamics $262,528,332 84 74 Valero Energy $262,298,522 54 75 Yahoo $261,078,455 17 76 Eli Lilly $258,216,376 15 77 BMW $254,326,405 13 78 Orascom Group $251,000,000 1 79 UBS $247,608,178 11 80 Cabela’s $247,189,539 16 81 Wacker Chemie $241,325,051 34 82 Comcast $239,337,579 62 83 Sanford-Burnham Institute $233,600,000 2 84 Virdia $230,000,000 1 85 Prudential Financial $225,734,997 30 86 International Paper $222,836,793 196 87 Baxter International $212,892,487 20 88 Pfizer $210,072,210 123 89 Johnson Controls $210,010,267 106 90 Caterpillar $208,982,443 127 91 Blackstone $203,193,594 141 92 Convergys $199,690,351 21 93 Triumph Group $196,342,629 57 94 Max Planck Florida Institute $193,000,000 2 95 Goodyear Tire & Rubber $190,432,390 118 96 CME Group $188,000,000 6 97 Simon Property $187,000,000 2 98 Summit Power $183,221,842 2 99 CA Inc. $181,258,193 20 100Bank of America $179,959,106 119
Posted on: Mon, 10 Mar 2014 17:16:42 +0000
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