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