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Subsidy Tracker Individual Entry

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
Subsidy Value in 2023 Dollars: $666,733,589
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.