Subsidy Tracker Individual Entry

Company: 
New York Mercantile Exchange (now owned by CME Group)
Parent Company: 
CME Group
Subsidy Source: 
multiple
Location: 
New York
County: 
New York
Project Description: 

headquarters for commodities exchange

Year: 
1994
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Subsidy Value: 
$168,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
8,100
Source of Data: 

The subsidy value and breakdown as well as the projected number of retained jobs came from: Steven Lee Myers, "Exchange to Build and Stay in Manhattan," New York Times, August 5, 1994.

Notes: 

The exchange, which claimed it was considering a relocation to Jersey City, received property tax abatements worth $43 million and construction assistance of $125 million. The main Subsidy Tracker data includes a $5 million NYC Job Creation and Retention entry for 2002 but this is a separate award.

Source Notes: 
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