Subsidy Tracker Individual Entry

Company: 
Covanta Babylon, Inc.
Parent Company: 
Covanta
Subsidy Source: 
local
Location: 
New York
City: 
West Babylon
Address: 
380 Patton Avenue
Zip: 
11704
Project Description: 

Transportation, Communication, Electric, Gas and Sanitary Services; The original project was the acquisition, construction and equipping of a 750 ton per day mass burn solid waste disposal resource recovery facility to be owned by the Town of Babylon, leased to the Agency and subleased to Ogden Martin Systems of Babylon Inc., now known as Covanta Babylon, Inc. In 2009 the $68,220,000 Town of Babylon IDA Resource Recovery Bonds Series 1998 were refunded and Resource Recovery Bonds of $66,395,000 were issued($53,720,000 Series 2009A and $12,665,000 Series 2009B Federally taxable).

Year: 
2015
Major Industry of Parent: 
utilities and power generation
Specific Industry of Parent: 
utilities
Subsidy Value: 
$3,527
Program Name: 
Industrial Development Agencies
Awarding Agency: 
Babylon Industrial Development Agency
Type of Subsidy: 
tax credit/rebate
Notes: 

Subsidy value is total for the year of property tax abatements and sales tax exemptions net of payments in lieu of taxes. See original source for jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure.

Source Notes: 
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