Subsidy Tracker Individual Entry

Company: 
Chase Manhattan Bank, NA
Parent Company: 
JPMorgan Chase
Subsidy Source: 
local
Location: 
New York
City: 
Brooklyn
Address: 
4 MetroTech Center (339 Bridge Street)
Zip: 
11201
Project Description: 

Taxable Bond Amount: 707800000.00; The Company entered into a Commercial Incentive Bond project with NYCIDA on November 1, 1989 for a total project amount of $2,000,000,000 to commence with the acquisition, leasing, subleasing, licensing, installation, maintenance, repair and replacement of an industrial and commercial facility consisting of (i) the acquisition of a parcel of land in the Borough of Brooklyn, (ii) the construction of a building and improvements thereon, (iii) the acquisition, leasing, subleasing, licensing, installation, maintenance, repair, and replacement of machinery, equipment, furniture, furnishings, fixtures and other items of personalty therein or thereabout, including items of computer hardware and software, all for use primarily in connection with the financial services processing operations of the Lessee; and (iv) the acquisition, leasing, subleasing, licensing and installation of other items of such machinery, equipment and other personalty for use by the

Year: 
2009
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Subsidy Value: 
$11,254,417
Program Name: 
Industrial Development Agencies
Awarding Agency: 
New York City Industrial Development Agency
Type of Subsidy: 
tax credit/rebate; property tax abatement
Capital Investment: 
$2,000,000,000
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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