Subsidy Tracker Individual Entry

Company: 
Citicorp (now Citigroup)
Parent Company: 
Citigroup
Subsidy Source: 
local
Location: 
New York
City: 
Queens
County: 
Queens
Project Description: 

banking back offices

Year: 
1989
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Subsidy Value: 
$90,000,000
Program Name: 
multiple
Awarding Agency: 
New York City Industrial Development Agency
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
3,300
Source of Data: 

The subsidy value comes from: Pay, Or We (Might) Go (New Jersey Policy Perspective and Good Jobs New York, June 2007), p.3; online at http://goodjobsny.org/resources-tools/report-pay-or-we-might-go-how-citi... The projected number of jobs to be relocated from Manhattan to Queens came from: Caryn Eve Wiener, "Moving Day: Citi Goes to Queens," New York Newsday, February 2, 1989.

Notes: 

The subsidy consisted of various as-of-right tax breaks. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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