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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: 
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.