Subsidy Tracker Individual Entry

Company: 
IBM
Parent Company: 
IBM Corp.
Subsidy Source: 
state
Location: 
New York
City: 
East Fishkill
County: 
Dutchess
Project Description: 

computer chip plant

Year: 
2008
Major Industry of Parent: 
information technology
Specific Industry of Parent: 
information technology
Subsidy Value: 
$140,000,000
Program Name: 
multiple
Awarding Agency: 
Empire State Development
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
1,000
Capital Investment: 
$1,600,000,000
Source of Data: 

The subsidy amount and the jobs and investment projections came from: James M. Odato, "A sweet IBM deal," Albany Times-Union, July 15, 2008.

Notes: 

The subsidy came in the form of grants from the state. This deal involved an expansion of the IBM facilities that got a $660 million subsidy in 2000 (see separate entry). The main Subsidy Tracker data includes various Industrial Development Agency entries for IBM.

Source Notes: 
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