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MegadealsSubsidy Tracker Individual Entry
Company: IBM
Parent Company:
IBM Corp.
Subsidy Source: multiple
Location: New York
City: East Fishkill
County: Dutchess
Project Description: computer chip plant
Year: 2000
Major Industry of Parent: information technology
Specific Industry of Parent: information technology
Subsidy Value: $660,000,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL
Number of Jobs or Training Slots: 1,000
Capital Investment: $2,500,000,000
Source of Data: 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).
Notes: 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.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.