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MegadealsSubsidy Tracker Individual Entry
Company: Hearst Corporation, The
Parent Company:
Hearst
Subsidy Source: local
Location: New York
Address: 959 Eighth Avenue
Zip: 10019
Project Description: See footnote 1: 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: 2012
Major Industry of Parent: media
Specific Industry of Parent: media
Subsidy Value: $227,225
Program Name: Industrial Development Agencies
Awarding Agency: New York City Industrial Development Agency
Type of Subsidy: tax credit/rebate; property tax abatement
Wage Data: salary created: 0; salary retained: 0
Wage Data Type: estimated salary
Source of Data:
(click here)
Notes: Subsidy value is total for the year of property tax abatements and sales tax exemptions net of payments in lieu of taxes. Jobs and wages are estimates.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.