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MegadealsSubsidy Tracker Individual Entry
Company: Starwood Hotels and Resorts
Parent Company:
Marriott International
Subsidy Source: state
Location: Connecticut
City: Stamford
Project Description: corporate headquarters
Year: 2009
Major Industry of Parent: hotels
Specific Industry of Parent: hotels
Subsidy Value: $89,500,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL (Archived)
Number of Jobs or Training Slots: 800
Source of Data: The subsidy figure and breakdown as well as the jobs projection came from: Richard Lee, "Starwood Hotels books room in Stamford," Connecticut Post Online, November 18, 2009.
Notes: The package, which was given to encourage the company to relocate its headquarters from White Plains, NY, consisted of up to $75 million in Urban and Industrial Site Reinvestment Tax Credits, $5 million in sales tax exemptions on building materials through the Connecticut Development Authority and a $9.5 million low-cost (and partially forgivable) loan from the state Department of Economic and Community Development. 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.