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Subsidy Tracker Individual Entry

Company: American International Group, Inc.
Parent Company: American International Group
Subsidy Source: local
Location: New York
Address: 175 Water Street
Zip: 10038
Project Description: The Company entered into a Commercial Incentive Bond project on December 1, 1996 (amended to Commercial Straight Lease project on March 1, 2002) for the total project amount of $564,712,000 to keep their existing operations in New York City as a leading US based international insurance organization and among the nation's largest underwriters of commercial and industrial coverages, and finance tenant improvements and the purchase/lease of machinery and equipment at the Leased Premises known as 175 Water Street, 160 Water Street, 72 Wall Street, 70 Pine Street, 80 Pine Street, 110 William Street, and 32 Old Slip, New York, NY.
Year: 2010
Major Industry of Parent: financial services
Specific Industry of Parent: insurance
Subsidy Value: $3,905,824
Program Name: Industrial Development Agencies
Awarding Agency: New York City Industrial Development Agency
Type of Subsidy: tax credit/rebate; property tax abatement
Source of Data: (click here)
Notes: Subsidy value is total for the year of property tax abatements and sales tax exemptions net of payments in lieu of taxes.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.