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MegadealsSubsidy Tracker Individual Entry
Company: GMDC Atlantic Avenue LLC
Parent Company:
Subsidy Source: local
Location: New York
City: BROOKLYN
Address: 1102 Atlantic Avenue
Zip: 11238
Project Description: Finance, Insurance and Real Estate; The acquisition, construction and renovation of a former auto parts warehouse into a state-of-the-art industrial building which will serve as a multi-tenanted affordable industrial center housing a wide range of companies including specialty food manufacturers, wood and metal fabricators, and garment makers.
Year: 2019
Subsidy Value: $80,603
Program Name: Industrial Development Agencies
Awarding Agency: New York City Industrial Development Agency
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 47
Wage Data: $22,500
Wage Data Type: yearly salary
Capital Investment: $9,498,527
Source of Data:
(click here)
Notes: Year is fiscal year. Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. Jobs data is total current FTE. Wage data is estimated yearly salary created. See original source for further details on jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure. Investment is total project cost.
Source Notes: If an online information source is not working, check the Tracker
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