Company: Prudential Financial Parent Company: Prudential Financial Subsidy Source: state Location: New Jersey City: Newark Project Description: headquarters relocation Year: 2012 Major Industry of Parent: financial services Specific Industry of Parent: insurance Subsidy Value: $210,828,357 Program Name: Urban Transit Hub Tax Credit Program Awarding Agency: Economic Development Authority Type of Subsidy:
Capital Investment: $444,000,000 Source of Data: The subsidy value and investment projection were reported in: Ed Beeson, "Prudential gets $211M tax credit," Newark Star-Ledger, June 2, 2012. The subsidy amount is also listed in the Urban Transit Hub Tax Credit Activity Report; online at (click here) Notes: The value of the credit was reduced from the original figure of $250.8 million after the company changed the site for the short-distance relocation. The Urban Transit Hub Tax Credit is also listed in the main Subsidy Tracker data for that program. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.