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MegadealsSubsidy Tracker Individual Entry
Company: Baco Enterprises, Inc. #2 (2014)
Parent Company:
Subsidy Source: local
Location: New York
City: BRONX
Address: 628-632 Worthen Street
Zip: 10474
Project Description: Manufacturing; Baco Enterprises Inc. (the 'Company') is a manufacturer of fabricated steel and threaded products for bridge and highway contractors, as well as other fabricators. The Company is seeking Agency assistance through a straight-lease agreement under the Industrial Incentive Program for the benefit of the Company and its affiliate, 630 Worthen LLC. 630 Worthen LLC will acquire 630-32 Worthen Street (the 'Project Facility'}, demolish the existing improvements and construct a new 7,500 square foot facility which will be furnished and equipped for manufacturing, storage and distribution for the Company's use.
Year: 2019
Subsidy Value: $11,000
Program Name: Industrial Development Agencies
Awarding Agency: New York City Industrial Development Agency
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 0
Wage Data: 44644.6
Wage Data Type: yearly salary
Capital Investment: $2,295,000
Source of Data:
(click here)
Notes: Year is fiscal year. Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. Jobs data is total current FTE. Wage data is estimated yearly salary created. See original source for further details on jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure. Investment is total project cost.
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