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MegadealsSubsidy Tracker Individual Entry
Company: JEM Architecturals
Parent Company:
Subsidy Source: local
Location: New York
City: NEW ROCHELLE
Address: 37 Cliff Street
Zip: 10801
Project Description: 2016 Sales Tax Exemption was double reported due to formula and input error, the total local and state sales tax claimed in 2016 was $58,236.62. Through the IDA's legal counsel, the IDA has entered discussions with the Company regarding the potential recapture of any benefits that may have exceeded the approved benefit limits.
Year: 2017
Subsidy Value: $33,865
Program Name: Industrial Development Agencies
Awarding Agency: New Rochelle Industrial Development Agency
Type of Subsidy: tax credit/rebate
Capital Investment: $2,810,000
Source of Data:
(click here)
Notes: Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. See original source for jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.