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MegadealsSubsidy Tracker Individual Entry
Company: JP Morgan Chase Data Center Project
Parent Company:
JPMorgan Chase
Subsidy Source: local
Location: New York
City: ORANGEBURG
Address: 140 Old Orangeburg Road
Zip: 10962
Project Description: The Data Center is located on 60 acres of land purchased for $7.5 Million from the Town Orangeburg. The Tax exempt site was a brownfield and has been remediated by JP Morgan Chase. The acreage is part of the former Rockland Psychiatric Center. The taxing entities have agreed to a 10 year PILOT once the facility is complicated. The project will consist of a single story data center of 150-200,000 square feet with potential expansion to 250,000 sq. ft. FFE to operate the facility will be purchased and kept current.
Year: 2017
Major Industry of Parent: financial services
Specific Industry of Parent: banking & securities
Subsidy Value: $16,737
Program Name: Industrial Development Agencies
Awarding Agency: Rockland County Industrial Development Agency
Type of Subsidy: tax credit/rebate
Capital Investment: $425,000,000
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.