Subsidy Tracker Individual Entry

Company: 
Bank of America Corporation
Parent Company: 
Bank of America
Subsidy Source: 
local
Location: 
New York
Address: 
1111 Sixth Avenue (a/k/a One Bryant Park)
Zip: 
10036
Project Description: 

The Company entered into a Commercial Incentive Straight Lease project with NYCIDA on November 1, 2004 for a total project amount of $622,000,000 to undertake leasehold improvements with respect to and to acquire and install certain building materials, constituting Facility Improvements Materials in those certain premises leased by the Company located at One Bryant Park (a/k/a 1111 Avenue of the Americas), 100 West 33rd Street, and 335 Madison Avenue, New York, NY, all for use by the Company and/or Eligible Affiliates in the Company Business of a large financial institution (including, without limitation, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services).

Year: 
2010
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Subsidy Value: 
$100,042
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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