Subsidy Tracker Individual Entry

Company: 
Avon Products, Inc.
Parent Company: 
Cerberus Capital Management
Subsidy Source: 
local
Location: 
New York
Address: 
1345 Avenue of the Americas
Zip: 
10105
Project Description: 

The Company entered into a Commercial Incentive Bond project with NYCIDA on May 1, 1996 (amended to Commercial Straight Lease project on August 1, 2003) for the total project amount of $115,000,000 to renovate and improve (from time to time) certain leased space in two buildings located respectively at 1251 Avenue of the Americas and 1345 Avenue of the Americas, New York, New York, and the acquisition, leasing,installation and maintenance (from time to time) of furniture, machinery, equipment and certain other tangible personal propert for use therein and at 9 West 57th Street, New York, New York, all for use as corporate headquarers and executive offices of the Company in connection with the manufacture, distribution and sale of beauty and related products and services and other consumer products and services.

Year: 
2011
Major Industry of Parent: 
private equity (including portfolio companies)
Specific Industry of Parent: 
private equity (including portfolio companies)
Subsidy Value: 
$1,404,042
Program Name: 
Industrial Development Agencies
Awarding Agency: 
New York City Industrial Development Agency
Type of Subsidy: 
tax credit/rebate; property tax abatement
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: 
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