Subsidy 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 
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.
