COVID Stimulus Watch Individual Entry
Recipient Company:
INNOVATIVE CONTROL SYSTEMS INC.
Loan or Loan Guarantee Amount:
$2,583,000
Recipient Details
Ownership Structure: publicly traded (ticker symbol EMR)
Facility Street Address: 81 Highland Ave Suite 300
Facility City: BETHLEHEM
Facility State: PA
Facility Zip Code: 18017
Facility Congressional District: PA-07
Facility NAICS Code: 423830 : Industrial Machinery and Equipment Merchant Wholesalers
Award Details
Award Date: Apr 8, 2020
Award Type: loan
Jobs Reported at Time of Application: 162
PPP Lender: Fulton Bank, National Association
Program Name: Paycheck Protection Program ($150,000 and up)
Legislation: CARES
Awarding Agency: Small Business Administration
Data Source for Award:
https://data.sba.gov/dataset/ppp-foia
Parent Company Data
Parent Company: Emerson Electric
Headquartered in: Missouri
Parent Sector: industrial equipment
Parent Industry: industrial equipment
Employees (prior to pandemic): 88,000
Accountability Issues Since 2010
Employment-related Penalties: $10,372
Good Jobs First has no data in this category
Environmental / Healthcare / Safety Penalties: $222,630
Good Jobs First has no data in this category
Ratio of CEO Pay to that of Median Worker: 428 to 1
CEO Compensation: $20,301,576
Worker Median Pay: $47,415
Total Federal, State, and Local Subsidies: $62,351,951
Violation Tracker
Employment Issues
Tax / Subsidy Issues
Contracting Issues
Environment / Safety Issues
Consumer Protection Issues