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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: 
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 (click here) 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.