Company: Goldman Sachs Parent Company: Goldman Sachs Subsidy Source: state Location: New York County: New York Project Description: corporate headquarters Year: 2005 Major Industry of Parent: financial services Specific Industry of Parent: banking & securities Subsidy Value: $425,000,000 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
Capital Investment: $2,000,000,000 Source of Data: The value of the subsidy components comes from the Goldman Sachs page of the Good Jobs New York website at (click here). See also: Charles V. Bagli, "Board Clears Deal for Tower Downtown," New York Times, August 24, 2005. Notes: The package included: $1.65 billion in low-interest, triple-tax-exempt Liberty Bonds, enabling the firm to save as much as $9 million a year in financing costs, or about $250 million over the life of the bonds; up to $150 million in sales and utility tax breaks; and $25 million in Federal World Trade Center Job Creation and Retention Program cash grants. The $25 million grant is listed separately in the main Subsidy Tracker data. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.