COVID Stimulus Watch Individual Entry

Recipient Company:

PPG Industries Inc

Loan or Loan Guarantee Amount:

$1,066,186

Recipient Details

Ownership Structure: publicly traded (ticker symbol PPG)

Award Date: Oct 13, 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:

Parent Company: PPG Industries

Headquartered in: Pennsylvania

Parent Sector: chemicals

Parent Industry: chemicals

Employees (prior to pandemic): 27,700

Employment-related Penalties: $7,455,250

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $8,063,722

Consumer Protection / Financial / Competition-related Penalties: $4,025,000

Ratio of CEO Pay to that of Median Worker: 372 to 1

CEO Compensation: $15,117,938

Worker Median Pay: $40,598

Total Federal, State, and Local Subsidies: $166,762,011

Federal Corporate Income Tax Rate: 1.2%