Subsidy Tracker: State Summary of State and Local Awards
State Name:
New York
Subsidy Total:
$33,969,437,664
Number of Awards:
127,152
Time Period:
Earliest year of data: 1980. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this state are for the period since 2008.
Notes:
The dollar total above adjusts for the fact that there is an overlap between the amounts in one or more Megadeal entries and those of one or more of the other entries. Dollar totals do not include awards for which no subsidy value is disclosed.
| Top 10 Parent Companies | Total Subsidy $ | Number of Awards |
|---|---|---|
| Alcoa | $5,669,201,404 | 16 |
| Mubadala Investment Company | $1,868,338,949 | 21 |
| IBM Corp. | $1,067,282,293 | 61 |
| Pyramid Companies | $874,826,853 | 67 |
| Tesla Motors | $750,000,000 | 1 |
| Sematech | $510,000,000 | 2 |
| Verizon Communications | $492,415,449 | 29 |
| JPMorgan Chase | $491,149,657 | 47 |
| Goldman Sachs | $425,161,005 | 4 |
| Cornell University | $400,000,000 | 1 |
Individual Subsidy Records:
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| Company | Parent | Subsidy Source | Year |
Subsidy Value |
Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|
| Alcoa | Alcoa | state | 2007 | $5,600,000,000 |
MEGADEAL  |
|
| Advanced Micro Devices (AMD); later GlobalFoundries | Mubadala Investment Company | state | 2006 | $1,200,000,000 |
MEGADEAL |
|
| SolarCity Corp. | Tesla Motors | state | 2014 | $750,000,000 |
MEGADEAL |
|
| IBM | IBM Corp. | multiple | 2000 | $660,000,000 |
MEGADEAL |
|
| Pyramid Companies | Pyramid Companies | multiple | 2002 | $600,000,000 |
MEGADEAL |
|
| Yahoo | Verizon Communications | multiple | 2009 | $478,000,000 |
MEGADEAL |
|
| Goldman Sachs | Goldman Sachs | state | 2005 | $425,000,000 |
MEGADEAL |
|
| Cornell University/Technion-Israel Institute of Technology | Cornell University | local | 2011 | $400,000,000 |
MEGADEAL |
|
| Grand Hyatt Hotel | Hyatt Hotels | local | 1980 | $359,000,000 |
MEGADEAL |
|
| GLOBALFOUNDRIES U.S. INC. (Malta) | Mubadala Investment Company | state | 2015 | $348,902,686 | enterprise zone | |
| International Sematech | Sematech | state | 2008 | $300,000,000 |
MEGADEAL |
|
| Chase Manhattan (now JPMorgan Chase) | JPMorgan Chase | multiple | 1988 | $235,000,000 |
MEGADEAL |
|
| International Sematech | Sematech | state | 2002 | $210,000,000 |
MEGADEAL |
|
| GLOBALFOUNDRIES U.S. INC. (Malta) | Mubadala Investment Company | state | 2014 | $191,757,737 | enterprise zone | |
| Computer Associates (now CA Technologies) | CA Inc. | local | 1989 | $179,200,000 |
MEGADEAL |
|
| Fresh Direct Holdings, Inc. | Fresh Direct | multiple | 2013 | $171,139,843 |
MEGADEAL |
|
| New York Mercantile Exchange (now owned by CME Group) | CME Group | multiple | 1994 | $168,000,000 |
MEGADEAL |
|
| Norampac Industries (owned by Cascades Inc.) | Cascades Inc. | multiple | 2011 | $141,500,000 |
MEGADEAL |
|
| IBM | IBM Corp. | state | 2008 | $140,000,000 |
MEGADEAL |
|
| Trump World Tower | Trump Organization | local | 2003 | $119,500,000 |
MEGADEAL |
|
| Prudential Securities (now part of Wells Fargo) | Wells Fargo | state | 1992 | $106,200,000 |
MEGADEAL |
|
| GEICO | Berkshire Hathaway | multiple | 2003 | $102,400,000 |
MEGADEAL |
|
| River Place II Holdings II LLC | Silverstein Properties | state | 2009 | $101,995,991 |
MEGADEAL |
|
| Canon | Canon | multiple | 2009 | $100,000,000 |
MEGADEAL |
|
| Tokyo Electron | Tokyo Electron | state | 2002 | $100,000,000 |
MEGADEAL |
|
| National Broadcasting Company (now NBCUniversal, a subsidiary of Comcast) | Comcast | multiple | 1987 | $98,000,000 |
MEGADEAL |
|
| Citicorp (now Citigroup) | Citigroup | local | 1989 | $90,000,000 |
MEGADEAL |
|
| Empire Gen Holdings | Energy Capital Partners | state | 2010 | $87,035,916 |
MEGADEAL |
|
| Empire Gen Holdings, Inc. | Energy Capital Partners | state | 2010 | $86,951,916 | tax credit/rebate | |
| River Place II Holdings II LLC | Silverstein Properties | state | 2009 | $86,526,140 | tax credit/rebate | |
| Chase Manhattan Bank, NA | JPMorgan Chase | local | 1989 | $79,165,578 | tax credit/rebate; property tax abatement | |
| Chase Manhattan Bank, NA | JPMorgan Chase | local | 1989 | $77,581,945 | tax credit/rebate; property tax abatement | |
| St. Luke's Cornwall Hospital | local | 2013 | $76,845,800 | tax credit/rebate; property tax abatement | ||
| Bear Stearns (now JPMorgan Chase) | JPMorgan Chase | multiple | 1997 | $75,000,000 |
MEGADEAL |
|
| St. Luke's Cornwall Hospital | local | 2011 | $69,960,500 | tax credit/rebate; property tax abatement | ||
| Alcoa | Alcoa | state | 2015 | $68,800,000 |
MEGADEAL |
|
| Morgan Stanley Group, Inc. | Morgan Stanley | local | 2009 | $63,995,122 | tax credit/rebate; property tax abatement | |
| Caithness Long Island LLC | Caithness Energy | local | 2014 | $62,000,000 |
MEGADEAL |
|
| Flushing Town Center, L.P. | Onex | state | 2010 | $60,610,624 | tax credit/rebate | |
| LC MAIN LLC | state | 2007 | $60,425,147 | tax credit/rebate | ||
| Morgan Stanley Group, Inc. | Morgan Stanley | local | 2008 | $58,316,436 | tax credit/rebate; property tax abatement | |
| Tiago Holdings, LLC | Forest City Enterprises | state | 2009 | $57,952,369 |
MEGADEAL |
|
| PYRAMID COMPANY OF ONONDAGA | Pyramid Companies | state | 2011 | $56,143,114 | tax credit/rebate | |
| Morgan Stanley & Co. Incorporated | Morgan Stanley | state | 2015 | $52,000,000 |
MEGADEAL |
|
| Yankee Stadium LLC | local | 2006 | $51,197,249 | tax credit/rebate; property tax abatement | ||
| CS First Boston | Credit Suisse | local | 1995 | $50,500,000 |
MEGADEAL |
|
| LC Main, LLC | state | 2008 | $50,428,434 | tax credit/rebate | ||
| Oppenheimer | Oppenheimer Holdings | local | 2008 | $50,341,132 | tax credit/rebate; property tax abatement | |
| Yankee Stadium LLC | local | 2006 | $48,133,347 | tax credit/rebate; property tax abatement | ||
| DERMOT CLINTON GREEN, LLC | state | 2007 | $44,170,790 | tax credit/rebate | ||
| GLOBALFOUNDRIES U.S. INC. (Malta) | Mubadala Investment Company | state | 2013 | $42,385,118 | enterprise zone | |
| Queens Ballpark Company, L.L.C. | local | 2016 | $41,900,410 | tax credit/rebate | ||
| Queens Ballpark Company, LLC | local | 2007 | $41,687,628 | tax credit/rebate; property tax abatement | ||
| GREENPAC HOLDING LLC | state | 2013 | $41,108,130 | tax credit/rebate | ||
| Solvay Paperboard, LLC | WestRock | state | 2008 | $40,573,654 | enterprise zone | |
| BANK OF NEW YORK | Bank of New York Mellon | local | 2002 | $40,000,000 | grant | |
| Corning Incorporated | Corning | state | 2015 | $40,000,000 | tax credit/rebate | |
| BAE Systems Controls. Inc. | BAE Systems | state | 2015 | $40,000,000 | tax credit/rebate | |
| Athens Generating Co LLP | Riverstone Holdings | local | 2013 | $38,423,245 | tax credit/rebate; property tax abatement | |
| Queens Ballpark Company, L.L.C. | local | 2006 | $37,798,743 | tax credit/rebate; property tax abatement | ||
| Morgan Stanley Group, Inc. | Morgan Stanley | local | 1993 | $36,300,899 | tax credit/rebate; property tax abatement | |
| Queens Ballpark Company, L.L.C. | local | 2006 | $36,235,477 | tax credit/rebate; property tax abatement | ||
| Deutsche Bank / Americas Holding Corp. and Taunus Corporation | Deutsche Bank | local | 2003 | $34,500,000 | grant | |
| Morgan Stanley Group, Inc. | Morgan Stanley | local | 1993 | $34,296,067 | tax credit/rebate; property tax abatement | |
| Amphenol Corporation | Amphenol | state | 2015 | $32,195,000 | tax credit/rebate | |
| International Business Machines Corp. | IBM Corp. | state | 2006 | $31,700,000 | enterprise zone | |
| L & M Optical Disc, LLC | local | 2006 | $30,000,000 | tax credit/rebate; property tax abatement | ||
| Huron Real Estate Associates, LLC | local | 2007 | $29,836,352 | tax credit/rebate; property tax abatement | ||
| General Motors Corporation | General Motors | local | 2008 | $29,721,327 | tax credit/rebate; property tax abatement | |
| International Business Machines Corp. | IBM Corp. | state | 2014 | $28,246,983 | enterprise zone | |
| Athens Generating Co LLP | Riverstone Holdings | local | 2010 | $27,300,133 | tax credit/rebate; property tax abatement | |
| International Business Machines Corp. | IBM Corp. | state | 2013 | $26,497,711 | enterprise zone | |
| Yankee Stadium LLC | local | 2008 | $26,487,084 | tax credit/rebate; property tax abatement | ||
| Athens Generating Co LLP | Riverstone Holdings | local | 2009 | $26,427,335 | tax credit/rebate; property tax abatement | |
| Athens Generating Co LLP | Riverstone Holdings | local | 2012 | $25,823,134 | tax credit/rebate; property tax abatement | |
| Athens Generating Co LLP | Riverstone Holdings | local | 2011 | $25,804,884 | tax credit/rebate; property tax abatement | |
| Athens Generating Co LLP | Riverstone Holdings | local | 2008 | $25,320,013 | tax credit/rebate; property tax abatement | |
| Global Foundries U.S.,Inc. | Mubadala Investment Company | local | 2014 | $25,093,703 | tax credit/rebate | |
| Goulds Pumps ITT Industries | ITT Inc. | state | 2014 | $25,073,327 | enterprise zone | |
| AMERICAN EXPRESS | American Express | local | 2002 | $25,000,000 | grant | |
| Goldman Sachs | Goldman Sachs | local | 2005 | $25,000,000 | grant | |
| Global Foundries U.S.,Inc. | Mubadala Investment Company | local | 2011 | $25,000,000 | tax credit/rebate; property tax abatement | |
| Avon Products, Inc. | Cerberus Capital Management | local | 2005 | $24,779,767 | tax credit/rebate; property tax abatement | |
| GEICO General Insurance Company | Berkshire Hathaway | state | 2013 | $24,711,293 | enterprise zone | |
| Athens Generating Co LLP | Riverstone Holdings | local | 2007 | $24,561,720 | tax credit/rebate; property tax abatement | |
| 17th and 10th Associates Holdings LLC | state | 2008 | $24,485,844 | tax credit/rebate | ||
| Athens Generating Company, L.P. | Riverstone Holdings | local | 2006 | $24,401,704 | tax credit/rebate; property tax abatement | |
| Yankee Stadium LLC | local | 2007 | $24,062,445 | tax credit/rebate; property tax abatement | ||
| MASTER TF LLC | state | 2013 | $23,909,842 | tax credit/rebate | ||
| Athens Generating Co LLP | Riverstone Holdings | local | 2015 | $23,563,788 | tax credit/rebate | |
| Athens Generating Co LLP | Riverstone Holdings | local | 2016 | $23,563,788 | tax credit/rebate | |
| Cantor Fitzgerald L.P. / CF Headquarters Corp. | Cantor Fitzgerald | local | 2003 | $23,531,952 | grant | |
| Athens Generating Co LLP | Riverstone Holdings | local | 2014 | $23,339,794 | tax credit/rebate | |
| Board of Trade of the City of New York, Inc. (ICE Futures) | local | 2002 | $23,300,000 | grant | ||
| American International Group, Inc. | American International Group | local | 1996 | $23,048,585 | tax credit/rebate; property tax abatement | |
| American International Group, Inc. | American International Group | local | 1996 | $22,945,573 | tax credit/rebate; property tax abatement | |
| American Airlines, Inc. ('02) | American Airlines | local | 2003 | $22,808,249 | tax credit/rebate; property tax abatement | |
| International Business Machines Corp. | IBM Corp. | state | 2015 | $22,397,159 | enterprise zone | |
| Philips Semiconductor Manufacturing, Inc. | NXP Semiconductors | state | 2002 | $22,100,000 | enterprise zone | |
| Chase Manhattan Bank, NA | JPMorgan Chase | local | 2007 | $21,605,966 | tax credit/rebate; property tax abatement | |
| Athens Generating Company, L.P. | Riverstone Holdings | local | 2005 | $21,128,474 | tax credit/rebate; property tax abatement |
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