Subsidy Tracker Individual Entry
Company:
Swiss Bank Corp. (now UBS)
Parent Company:
UBS
Subsidy Source:
multiple
Location:
Connecticut
City:
Stamford
Project Description:
North American headquarters for investment bank
Year:
1994
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking & securities
Subsidy Value:
$150,000,000
Program Name:
multiple
Awarding Agency:
multiple
Type of Subsidy:
MEGADEAL 
Number of Jobs or Training Slots:
2,000
Source of Data:
The subsidy value and breakdown as well as the jobs projection came from: Kenneth R. Gosselin, "Incentives Attract Swiss Bank to State," Hartford Courant, September 22, 1994.
Notes:
The package, which Swiss Bank Corp. received to relocate from Manhattan to Stamford, included: $120 million in state corporate income tax credits over 10 years with the possibility of a five-year extension worth another $25 million; and free land worth $5 million provided by the city of Stamford. The package also included a $15 million break on electricity bills from Northeast Utilities which is not included in the subsidy totals listed here. Overlaps with main Subsidy Tracker data: none.
Source Notes:
If an online information source is not working, check the Tracker inventory page for an updated link.
