COVID Stimulus Watch Individual Entry
Recipient Company:
Target Corp
Loan or Loan Guarantee Amount:
$2,234,931
Recipient Details
Ownership Structure: publicly traded (ticker symbol TGT)
Award Details
Award Date: Oct 8, 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: Target
Headquartered in: Minnesota
Parent Sector: retailing
Parent Industry: retail-discount stores
Employees (prior to pandemic): 368,000
Accountability Issues Since 2010
Employment-related Penalties: $31,245,000
Government-contracting-related Penalties: $6,025,000
Environmental / Healthcare / Safety Penalties: $32,357,571
Consumer Protection / Financial / Competition-related Penalties: $75,308,057
Ratio of CEO Pay to that of Median Worker: 821 to 1
CEO Compensation: $18,938,363
Worker Median Pay: $23,080
Total Federal, State, and Local Subsidies: $73,666,912
Federal Corporate Income Tax Rate: 9.1%
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