Subsidy Tracker Individual Entry

Company: 
Goldman Sachs
Parent Company: 
Goldman Sachs
Subsidy Source: 
state
Location: 
New York
County: 
New York
Project Description: 

corporate headquarters

Year: 
2005
Major Industry of Parent: 
financial services
Subsidy Value: 
$425,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Capital Investment: 
$2,000,000,000
Source of Data: 

The value of the subsidy components comes from the Goldman Sachs page of the Good Jobs New York website at http://goodjobsny.org/economic-development/goldman-sachs#subsidy%20break.... See also: Charles V. Bagli, "Board Clears Deal for Tower Downtown," New York Times, August 24, 2005.

Notes: 

The package included: $1.65 billion in low-interest, triple-tax-exempt Liberty Bonds, enabling the firm to save as much as $9 million a year in financing costs, or about $250 million over the life of the bonds; up to $150 million in sales and utility tax breaks; and $25 million in Federal World Trade Center Job Creation and Retention Program cash grants. The $25 million grant is listed separately in the main Subsidy Tracker data.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.