Company: GEICO Parent Company: Berkshire Hathaway Subsidy Source: multiple Location: New York City: Amherst Project Description: customer service center Year: 2003 Major Industry of Parent: diversified Specific Industry of Parent: diversified Subsidy Value: $102,400,000 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
Number of Jobs or Training Slots: 2,500 Source of Data: The subsidy value and breakdown as well as the jobs and investment projections came from: Sharon Linstedt, "GEICO Makes Move to WNY Official," Buffalo News, December 23, 2003. Notes: The package included: $100 million in Empire Zone corporate income tax credits; $1.4 million in utility reductions from the New York State Power Authority; and a $1 million grant from the Empire State Development Corp. to defer the costs of equipping and furnishing the facility. In 2009 GEICO received an additional $1 million sales tax exemption in connection with an expansion of the facility (Jonathan Epstein, "Amherst IDA OKs incentives for GEICO," Buffalo News, August 22, 2009). Portions of the awards are listed separately in the main Subsidy Tracker data in Industrial Development Agency entries. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.