Subsidy Tracker Individual Entry

Company: 
Metropolitan Life Insurance Company
Parent Company: 
MetLife
Subsidy Source: 
local
Location: 
New York
City: 
TROY
Address: 
500 Jordan Road
Zip: 
12180
Project Description: 

Finance, Insurance and Real Estate; On 2/27/15 an extension application was approved to the Installment Sale Agreement to extend the project to 2/28/2017. MetLife will continue to pay PILOTS at 100% of actual RPT liability and continue to receive sales tax exemptions on upgrades.

Year: 
2016
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
insurance
Subsidy Value: 
$13,091,270
Program Name: 
Industrial Development Agencies
Awarding Agency: 
Rensselaer County Industrial Development Agency
Type of Subsidy: 
tax credit/rebate
Notes: 

Subsidy value is total for the year of property tax abatements and sales tax exemptions 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.