Company: Covanta Babylon, Inc. Parent Company: EQT AB 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: 2019 Major Industry of Parent: private equity (including portfolio companies) Specific Industry of Parent: private equity (including portfolio companies) Subsidy Value: $3,847 Program Name: Industrial Development Agencies Awarding Agency: Babylon Industrial Development Agency Type of Subsidy: tax credit/rebate Number of Jobs or Training Slots: 0 Wage Data: $0 Wage Data Type: yearly salary Capital Investment: $53,730,000 Source of Data: (click here) Notes: Year is fiscal year. Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. Jobs data is total current FTE. Wage data is estimated yearly salary created. See original source for further details on jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure. Investment is total project cost. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.