COVID Stimulus Watch Individual Entry

Recipient Company:
3M COMPANY
Loan or Loan Guarantee Amount:
$1,033,228

Recipient Details

Ownership Structure: publicly traded (ticker symbol MMM)

Award Details

Award Date: Jul 10, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Parent Company Data

Parent Company: 3M Company
Headquartered in: Minnesota
Parent Sector: miscellaneous manufacturing
Parent Industry: diversified
Employees (prior to pandemic): 96,163

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $21,949,213
Contracting icon
Government-contracting-related Penalties: $9,100,000
Environment icon
Environmental / Healthcare / Safety Penalties: $891,265,612
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $480,000
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 319 to 1
CEO Compensation: $18,321,566
Worker Median Pay: $57,494
Tax icon
Total Federal, State, and Local Subsidies: $133,398,440
Federal Corporate Income Tax Rate: 17.8%
Subsidy Tracker
Violation Tracker

Details on Accountability data sources

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues