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MegadealsSubsidy Tracker Individual Entry
Company: 88 Trading Corp.
Parent Company:
Subsidy Source: local
Location: New York
City: MASPETH
Address: 58-29 48th Street
Zip: 11378
Project Description: Wholesale Trade; The Company entered into an Industrial Incentive project with NYCIDA on August 1, 2007 for the total project amount of $8,955,000 to acquire and renovate a warehousing facility of approximately 55,000 square feet located at 58-29 48th Street in Maspeth, New York for use in the warehousing and distribution of paper and plastic bags, plastic trays and packaging and related products primarily for the food industry.
Year: 2019
Subsidy Value: $79,914
Program Name: Industrial Development Agencies
Awarding Agency: New York City Industrial Development Agency
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 32
Wage Data: $18,728
Wage Data Type: yearly salary
Capital Investment: $0
Source of Data:
(click here)
Notes: Year is fiscal year. Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. Jobs data is total current FTE. Wage data is estimated yearly salary created. See original source for further details on jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure. Investment is total project cost.
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