Subsidy Tracker Individual Entry

Company: 
Panasonic
Parent Company: 
Panasonic
Subsidy Source: 
state
Location: 
New Jersey
City: 
Newark
Project Description: 

North American headquarters

Year: 
2011
Major Industry of Parent: 
electrical and electronic equipment
Subsidy Value: 
$102,400,000
Program Name: 
Urban Transit Hub Tax Credit Program
Awarding Agency: 
Economic Development Authority
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
200
Source of Data: 

The subsidy value and the number of projected new jobs come from: Sarah Portlock, "Tax credit OK'd for Panasonic move to Newark," Newark Star-Ledger, February 17, 2011.

Notes: 

The state awarded the tax credit to Panasonic for relocating its headquarters a short distance from Secaucus. The company had indicated it was considering moving to another state. The Urban Transit Hub Tax Credit is also listed in the main Subsidy Tracker data for that program.

Source Notes: 
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