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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: If an online information source is not working, check the Tracker inventory page for an updated link.