Subsidy Tracker Individual Entry
relocation of investment bank
The value of the subsidy package is taken from New Jersey Economic Development Authority Agenda, May 16, 2014; available online at: http://www.njeda.com/web/pdf/eda/agenda_051614.pdf. The job number is taken from Terrence McDonald, "Welcome: Here's your tax break," Jersey Journal, May 19, 2014.
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.