Subsidy Tracker Individual Entry

Company: 
Federal Express Corporation #1 (2001)
Parent Company: 
FedEx
Subsidy Source: 
local
Location: 
New York
Address: 
621 West 48th Street
Zip: 
10036
Project Description: 

The construction, renovation, equipping, and leasing and/or owning of a building to be located at 621 West 48th Street, Manhattan, New York, for use in part by Federal Express Corporation, all for use in conducting its business of express transporation of packages.

Year: 
2011
Major Industry of Parent: 
freight and logistics
Specific Industry of Parent: 
package delivery
Subsidy Value: 
$1,270,378
Program Name: 
Industrial Development Agencies
Awarding Agency: 
New York City Industrial Development Agency
Type of Subsidy: 
tax credit/rebate; property tax abatement
Notes: 

Subsidy value is total for the year of property tax abatements and sales tax exemptions net of payments in lieu of taxes.

Source Notes: 
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