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MegadealsSubsidy Tracker Individual Entry
Company: RBC Capital Markets
Parent Company:
Royal Bank of Canada
Subsidy Source: state
Location: New Jersey
City: Jersey City
County: Hudson
Project Description: relocation of investment bank
Year: 2014
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Subsidy Value: $78,750,000
Program Name: Grow New Jersey Assistance Program
Awarding Agency: New Jersey Economic Development Authority
Type of Subsidy:
MEGADEAL (Archived)
Source of Data: The value of the subsidy package is taken from New Jersey Economic Development Authority Agenda, May 16, 2014; available online at:
(click here). The job number is taken from Terrence McDonald, "Welcome: Here's your tax break," Jersey Journal, May 19, 2014.
Notes: To encourage RBC Capital Markets, a Canadian investment bank, to relocate from New York City to Jersey City, the state approved $7,875,000 in tax credits per year for 10 years. Overlaps with main Subsidy Tracker data: a 2014 Grow New Jersey Assistance Program entry for RBC Capital Markets, LLC for $78,750,000.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.