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MegadealsSubsidy Tracker Individual Entry
Company: Cerovene, Inc.
Parent Company:
Subsidy Source: local
Location: New York
City: ORANGEBURG
Address: 10 Corporate Drive
Zip: 10962
Project Description: Manufacturing; Cerovene is a manufacturer of pharmaceuticals. In 2019, the federal government implemented taxes on several produced by the company (opioid related.) The company was forced to allocate funds for the new taxes in lieu of hiring new employees. Despite the new tax the company advised that it plans to hire 6 to 8 individuals in 2020 and construction workers. Firm is continues to work on FDA approvals to manufacture abuse deterrent products. This will result in hiring of additional staff. In 2018, the firm added 5 new jobs. 17 new jobs were added in 2017.
Year: 2019
Subsidy Value: $81,105
Program Name: Industrial Development Agencies
Awarding Agency: Rockland County Industrial Development Agency
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 39
Wage Data: $58,000
Wage Data Type: yearly salary
Capital Investment: $8,388,000
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.
Source Notes: If an online information source is not working, check the Tracker
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