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: 

See footnote 1: Federally taxable bond amount at issuance: 631800000.00 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 for the acquisition, leasing, subleasing, licensing, installation, maintenance, repair and replacement of an industrial and commercial facility, all for use primarily in connection with the financial services processing operations of the Lessee and the acquisition, leasing, subleasing, licensing and installation of other items of such machinery, equipment and other personalty for use by the Lessee in or about its other facilities within The City of New York in connection with the aforementioned operations.

Year: 
2012
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Subsidy Value: 
$8,786,589
Program Name: 
Industrial Development Agencies
Awarding Agency: 
New York City Industrial Development Agency
Type of Subsidy: 
tax credit/rebate; property tax abatement
Number of Jobs or Training Slots: 
created: 1450; retained: 5000
Wage Data: 
salary created: 0; salary retained: 0
Wage Data Type: 
estimated salary
Notes: 

Subsidy value is total for the year of property tax abatements and sales tax exemptions net of payments in lieu of taxes. Jobs and wages are estimates.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.