Subsidy Tracker Individual Entry

Company: 
Amazon.com
Parent Company: 
Amazon.com
Subsidy Source: 
multiple
Location: 
New York
City: 
Clay
County: 
Onondaga
Address: 
7211 Morgan Road
Project Description: 

3.8 million square foot warehouse

Year: 
2019
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-internet
Subsidy Value: 
$70,772,064
Program Name: 
Industrial Development Agencies
Awarding Agency: 
Onondaga County Industrial Development Agency
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
1,000
Wage Data: 
$327,646,330
Wage Data Type: 
projected wages over 10 years
Capital Investment: 
$350,000,000
Source of Data: 

TC Syracuse Development Associates LLC Project summary available at OCIDA website: https://www.ongoved.com/ocida/project-documents/ and https://www.ongoved.com/assets/Uploads/files/projectfiles/TC-SDA-LLC-Pro... dated 10/17/2019. See also OCIDA minutes of meetings from October 31, 2019 for details on the approval process: https://www.ongoved.com/assets/Uploads/documents/meeting-documents/10-31...

Notes: 

Trammell Crow Co, Amazon's developer for this warehouse, applied for the subsidy. Developer's name as well as its subsidiary's, TC Syracuse Development Associates LLC, appear on the official documents. Local, 15-year tax subsidy includes: $20 million in sales tax abatements; $1,687,500 in state mortgage tax abatements; and $49,084,564 in property tax abatements. For the details of the project, application, related studies, etc., see TC Syracuse Development Associates LLC at OCIDA's "Project Documents" webpage (see sources for links). The project is scheduled to create 1,000 permanent jobs and 300 short-term construction jobs. Overlap with main Subsidy Tracker data: none.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.