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MegadealsSubsidy Tracker Individual Entry
Company: Krinos Foods LLC
Parent Company:
Subsidy Source: local
Location: New York
City: BRONX
Address: 1734 Bathgate Avenue
Zip: 10457
Project Description: Manufacturing; Krinos Foods LLC (the 'Company'), is an importer, distributor and manufacturer of olives, olive oils, cheeses and other Mediterranean food items. The Company's Industrial Incentive Program Straight Lease Agreement is for the acquisition and improvement of an 108,000 square foot parcel of land and the construction, renovation and equipping of an approximately 100,000 square foot facility for the business's importing, distribution, and manufacturing activities.
Year: 2019
Subsidy Value: $410,270
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: 70
Wage Data: $41,800
Wage Data Type: yearly salary
Capital Investment: $23,889,393
Source of Data:
(click here)
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.
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