Subsidy Tracker Individual Entry

Company: 
National Broadcasting Company (now NBCUniversal, a subsidiary of Comcast)
Parent Company: 
Comcast
Subsidy Source: 
multiple
Location: 
New York
County: 
New York
Project Description: 

broadcasting company offices and studios

Year: 
1987
Major Industry of Parent: 
telecommunications
Specific Industry of Parent: 
telecommunications; media
Subsidy Value: 
$98,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
4,000
Source of Data: 

The subsidy value and breakdown as well as the projected number of retained jobs came from: Alan Finder, "New York City Prestige Outweighs Lower Costs in Jersey, NBC Chief Says," New York Times, December 9, 1987.

Notes: 

NBC, which claimed it was considering a relocation to New Jersey, received property tax abatements (via a payment-in-lieu-of-taxes agreement) worth $73 million and sales tax exemptions on construction materials and machinery worth $25 million. Overlaps with main Subsidy Tracker data: $8.3 million NYC Commercial Growth Project entry for 1988.

Source Notes: 
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