Subsidy Tracker Individual Entry

Alcoa Inc.
Parent Company: 
Subsidy Source: 
New York
390 Park Avenue
Project Description: 

See footnote 1: The Company entered into a Commercial Incentive (S L) project with NYCIDA on April 1, 2000 for a total project amount of $18,200,000 to lease approximately 51,000 rentable square feet of space, being floors 9-13, inclusive, of a certain building located at 390 Park Avenue, New York, New York, to make Tenant improvements from time to time to the Leased Premises, and to acquire from time to time Project Personalty for installation and use at the Leased Premises, all to provide office space as a global corporate financial and support center and as an office conference meeting center for use by the Company. Alcoa produces and manages primary aluminum, fabricated aluminum and alumina facilities, and also markets Alcoa? wheels, fastening systems, precision and investment castings, and building systems.

Major Industry of Parent: 
Specific Industry of Parent: 
Subsidy Value: 
Program Name: 
Industrial Development Agencies
Awarding Agency: 
New York City Industrial Development Agency
Type of Subsidy: 
tax credit/rebate; property tax abatement
Number of Jobs or Training Slots: 
created: 47; retained: 40
Wage Data: 
salary created: 0; salary retained: 0
Wage Data Type: 
estimated salary

Subsidy value is total for the year of property tax abatements and sales tax exemptions net of payments in lieu of taxes. Jobs and wages are estimates.

Source Notes: 
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