COVID Stimulus Watch Individual Entry

Recipient Company:
Corning Inc
Loan or Loan Guarantee Amount:
$1,083,556

Recipient Details

Ownership Structure: publicly traded (ticker symbol GLW)

Award Details

Award Date: Dec 7, 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: Corning Inc.
Headquartered in: New York
Parent Sector: miscellaneous manufacturing
Parent Industry: glass & ceramic products

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $81,374
Contracting icon
Government-contracting-related Penalties: $5,650,000
Environment icon
Environmental / Healthcare / Safety Penalties: $1,255,914
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $67,083,333
CEOpay icon
Good Jobs First has no data in this category
Tax icon
Total Federal, State, and Local Subsidies: $331,288,702
Federal Corporate Income Tax Rate: 60.9%
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