Basic Search
|
Geographic Searches
|
Advanced Search |
MegadealsSubsidy Tracker Individual Entry
Company: Extell GT LLC
Parent Company:
Subsidy Source: local
Location: New York
City: NEW YORK
Address: 50 West 47th Street
Zip: 10036
Project Description: Manufacturing; Current # of FTEs reflects FY18 employment; Extell GT LLC (the 'Company') and New York City Industrial Development Agency ('NYCIDA') entered into a Commercial Developer Straight Lease Agreement to support the acquisition, construction, furnishing and equipping of a commercial facility, consisting of an approximately 740,016 square foot new building to be known as the 55 West 46th Street and 50 West 47th Street which shall include a portion to be known as the International Gem Tower that is expected to include up to 630,000 square feet of commercial condominium facilities to be constructed for use as a state-of-the art diamond and jewelry exchange.
Year: 2019
Subsidy Value: $570,790
Program Name: Industrial Development Agencies
Awarding Agency: New York City Industrial Development Agency
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 795
Wage Data: 60824.4
Wage Data Type: yearly salary
Capital Investment: $745,793,000
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.