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: 

The project consists of the acquisition and installation of Facility Improvement Materials and tangible personal property, in, and renovate and upgrade certain space leased by the Company in the building 11 Penn Plaza, New York, New York, all for use by the Company or Eligible Affiliates as executive and general office space for its merchandising business conducted from time to time by the Company and its subsidiaries.

Year: 
2011
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-department stores
Subsidy Value: 
$92,454
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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