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MegadealsSubsidy Tracker Individual Entry
Company: Artex Inc.
Parent Company:
Subsidy Source: local
Location: New York
City: LONG ISLAND CITY
Address: 33-20 48th Avenue
Zip: 11101
Project Description: Artex Inc., a fine art storage, transportation, packing and handling company that serves museums, galleries, auction houses and private collectors (the 'Company''), in partnership with Bulgroup Properties, LP ('Bulgroup') and several individual investors, Is seeking to purchase a 140,000 square foot building in Long Island City, Queens. The Company will lease approximately 71,000 square feet of the building from the real estate owner partnership, and will renovate, equip and furnish its portion of the premises (the 'Project').
Year: 2017
Subsidy Value: $33,542
Program Name: Industrial Development Agencies
Awarding Agency: New York City Industrial Development Agency
Type of Subsidy: tax credit/rebate
Capital Investment: $20,550,000
Source of Data:
(click here)
Notes: Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. See original source for jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure.
Source Notes: If an online information source is not working, check the Tracker
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