Subsidy Tracker Individual Entry
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:
MEGADEAL 
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 http://www.njeda.com/web/pdf/HUB_Activity.pdf
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.
