Subsidy Tracker Individual Entry

Company: 
Jetro Cash & Carry Enterprises, LLC #3 (2010)
Parent Company: 
Leonard Green & Partners
Subsidy Source: 
local
Location: 
New York
City: 
BRONX
Address: 
One Oak Point Avenue
Zip: 
10455
Project Description: 

Wholesale Trade; Jetro sought NYCIDA assistance to acquire an approximately 522,720 sq. ft. vacant parcel of land and to construct and equip an 193,000 sq. ft. warehousing facility, located at One Oak Point Avenue in the Bronx. The company is a wholesale paper goods, cleaning supplies, food equipment and food distributor, primarily serving restaurants and supermarkets. The new, larger facility will allow the Company to expand the categories of products it sells, to include items such as fresh fish, meat and broader ranges of dairy products. In addition, the planned facility will be LEED certified, reducing its environmental impact and energy usage in the area.

Year: 
2019
Major Industry of Parent: 
private equity (including portfolio companies)
Specific Industry of Parent: 
private equity (including portfolio companies)
Subsidy Value: 
$927,684
Program Name: 
Industrial Development Agencies
Awarding Agency: 
New York City Industrial Development Agency
Type of Subsidy: 
tax credit/rebate
Number of Jobs or Training Slots: 
208
Wage Data: 
$28,350
Wage Data Type: 
yearly salary
Capital Investment: 
$50,000,000
Notes: 

Year is fiscal year. Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. Jobs data is total current FTE. Wage data is estimated yearly salary created. See original source for further details on jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure. Investment is total project cost.

Source Notes: 
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