Subsidy Tracker Individual Entry

Company: 
Federated Department Stores, Inc.
Parent Company: 
Macy's
Subsidy Source: 
local
Location: 
New York
Address: 
11 Penn Plaza
Zip: 
10001
Project Description: 

Company is obligated to report a 12 month average of employment which determines their status with their NYCIDA Agreement. That number is not reflected in this report. Federated Department Stores, Inc. # of FTEs before IDA status is 709, Original Estimate Of Jobs to be Retained is 709, and the original Estimate Of Jobs to be Created is 237. This project did not receive a NYCIDA PILOT exemption or benefit during FY13. Local Property Tax Exemption and all related fields represent the full real estate taxes assessed.

Year: 
2013
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-department stores
Subsidy Value: 
$345,000
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. See original source for jobs and wage information.

Source Notes: 
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