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MegadealsSubsidy Tracker Individual Entry
Company: Hearst Corporation, The
Parent Company:
Hearst
Subsidy Source: local
Location: New York
City: NEW YORK
Address: 959 Eighth Avenue
Zip: 10019
Project Description: Transportation, Communication, Electric, Gas and Sanitary Services; PILOT has terminated for this Project. The Company entered into a Commercial Incentive Straight Lease project with NYCIDA on June 1, 2003 for a total project amount of $779,600,000 to acquire and install Facility Improvement Materials and tangible personal property in, and construct, upgrade and equip the Project Premises located at 959 Eighth Avenue, New York, NY, all for use by the Obligors in the Company Business of media and communications.
Year: 2019
Major Industry of Parent: media
Specific Industry of Parent: media
Subsidy Value: $295,078
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: 2,334
Wage Data: $0
Wage Data Type: yearly salary
Capital Investment: $0
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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