COVID Stimulus Watch Individual Entry
Recipient Company:
OTIS WORLDWIDE CORP
Loan or Loan Guarantee Amount:
$4,193,151
Recipient Details
Ownership Structure: publicly traded (ticker symbol OTIS)
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: Otis Worldwide Corporation
Headquartered in: Connecticut
Parent Sector: building materials
Parent Industry: elevators
Employees (prior to pandemic): 69,000
Accountability Issues Since 2010
Employment-related Penalties: $78,899
Good Jobs First has no data in this category
Environmental / Healthcare / Safety Penalties: $452,991
Good Jobs First has no data in this category
CEO Compensation: $6,956,644
Total Federal, State, and Local Subsidies: $3,436,917
Violation Tracker
Employment Issues
Tax / Subsidy Issues
Contracting Issues
Environment / Safety Issues
Consumer Protection Issues