Subsidy Tracker Individual Entry

Company: 
Federal Express Corporation #1 (2001)
Parent Company: 
FedEx
Subsidy Source: 
local
Location: 
New York
City: 
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: 
2017
Major Industry of Parent: 
freight and logistics
Specific Industry of Parent: 
package delivery
Subsidy Value: 
$1,452,467
Program Name: 
Industrial Development Agencies
Awarding Agency: 
New York City Industrial Development Agency
Type of Subsidy: 
tax credit/rebate
Capital Investment: 
$0
Notes: 

Subsidy value is total for the year of property tax abatements and sales tax exemptions less the 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: 
If an online information source is not working, check the Tracker inventory page for an updated link.