Subsidy 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: 
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