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MegadealsSubsidy Tracker Individual Entry
Company: Fairway Bakery LLC
Parent Company:
Fairway Group
Subsidy Source: local
Location: New York
City: BRONX
Address: 400 Walnut Avenue
Zip: 10454
Project Description: Manufacturing; Fairway Bakery LLCis a subsidiary of Fairway Market, a food retailer founded in New York City in the 1930s, which intends to lease and renovate an approximately 237,000 square foot production facility in the Bronx for a centralized bakery, produce processing and prepared foods facility, as well as for warehousing and distribution in support of Fairway retail markets. Total Project costs are estimated to be $12.6 million including demolition of certain structures, construction of production and distribution areas, renovation of mechanical systems and other repairs and renovations, as well as equipping of the Facility.
Year: 2019
Major Industry of Parent: retailing
Specific Industry of Parent: retail-food
Subsidy Value: $151,475
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: 403
Wage Data: $34,500
Wage Data Type: yearly salary
Capital Investment: $12,600,000
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.
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