Subsidy Tracker Individual Entry

Company: 
Depository Trust
Parent Company: 
Depository Trust
Subsidy Source: 
state
Location: 
New Jersey
City: 
Jersey City
Project Description: 

financial services company offices

Year: 
2009
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Subsidy Value: 
$90,000,000
Program Name: 
multiple
Awarding Agency: 
Economic Development Authority
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
1,600
Wage Data: 
$130000
Wage Data Type: 
average annual salary
Source of Data: 

The subsidy value and breakdown as well as the job and salary projections came from: Lisa Fleisher, "Wall St. firm enticed into moving to N.J.," Newark Star-Ledger, October 14, 2009.

Notes: 

The bulk of the package, which was offered to get the company to relocate jobs from New York City, came in the form of a Business Employment Incentive (BEIP) grant worth up to $74.6 million. There was also a $14.6 million Economic Redevelopment and Growth (ERG) state grant, as well as a $1 million Urban Enterprise Zone relocation grant from the city. Overlaps with main Subsidy Tracker data: the $74.6 million BEIP award for 2009.

Source Notes: 
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