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Subsidy Tracker Individual Entry

Company: McGraw-Hill Companies, Inc.
Parent Company: S&P Global
Subsidy Source: local
Location: New York
Address: 1221 Sixth Avenue
Zip: 10036
Project Description: Taxable Bond Amount: 19118126.00; The project consist of the construction from time to time of dated as of November 1, 1998, the construction from time to time of leasehold improvements and renovations to each of the facility Realty (55 Water Street), the Facility realty (1221 6th Avenue) and the Facility Realty (Two Penn Plaza), and the acquisition (bypuchase, lease or license) from time to time of machinery, equipment and certain other tangible personal property for Principal Use by McGraw-Hill Business (the McGraw-Hill Project) and undertaking to permit the issuance from time to time of its industrial development revenue bonds in various series to finance the McGraw-Hill Project.;
Year: 2009
Major Industry of Parent: information technology
Specific Industry of Parent: information services
Subsidy Value: $848,628
Program Name: Industrial Development Agencies
Awarding Agency: New York City Industrial Development Agency
Type of Subsidy: tax credit/rebate; property tax abatement
Number of Jobs or Training Slots: 657
Capital Investment: $700,000,000
Source of Data: (click here)
Notes: Subsidy value is total for the year of property tax abatements and sales tax exemptions net of payments in lieu of taxes. Jobs number is total of estimated created and estimated retained (including construction jobs).
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.