Subsidy Tracker Individual Entry
computer chip plant
The subsidy amounts and breakdown along with the jobs and investment projections came from: James M. Odato, "IBM plans $2.5B chip plant," Albany Times-Union, October 11, 2000. In 2008 IBM got a new $140 million subsidy for an expansion of these facilities (see separate entry).
The package included: $475 million in state tax credits from the Empire Zone program; about $29 million in state grants and loans; and $156 million in local property tax abatements and sales tax exemptions. The main Subsidy Tracker data includes various Industrial Development Agency entries for IBM.