Subsidy Tracker Individual Entry

Company: 
BlackRock Financial Management, Inc.
Parent Company: 
BlackRock
Subsidy Source: 
local
Location: 
New York
Address: 
40 East 52nd Street
Zip: 
10022
Project Description: 

The Company entered into a Commercial Incentive Straight Lease project with NYCIDA on March 1, 2001 for a total project amount of $320,000,000 to acquire and install Facility Improvement Materials and tangible personal property in, and renovate and upgrade certain space leased by the Company in the building located at 40 East 52nd Street, New York, NY, all for use by the Company and its Eligible Affiliates as office space in its investment management operations and related activities.

Year: 
2010
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Subsidy Value: 
$208,300
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: 
If an online information source is not working, check the Tracker inventory page for an updated link.