Subsidy Tracker Individual Entry
securities company offices
The subsidy value and job projections (retained and new) came from: Charles V. Bagli, "Pledge to Stay in City Wins Bear Stearns a Tax Break," New York Times, August 28, 1997.
Bear Stearns was given a $45 million sales tax exemption on equipment for retaining 5,800 jobs and was made eligible for up to $30 million in additional exemptions if it created 13,300 new jobs over a period of 50 years. The main Subsidy Tracker data include an $18.4 million NYC Commercial Growth Property entry for 1999 as well as Industrial Development Agency entries for the years 2003-2010.