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MegadealsSubsidy 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
Subsidy Value in 2023 Dollars: $128,493,804
Program Name: multiple
Awarding Agency: Economic Development Authority
Type of Subsidy:
MEGADEAL (Archived)

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: If an online information source is not working, check the Tracker
inventory page for an updated link.