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MegadealsSubsidy Tracker Individual Entry
Company: Pearl River Campus
Parent Company:
Subsidy Source: local
Location: New York
City: PEARL RIVER
Address: 401 N, Middletown Road
Zip: 10965
Project Description: Construction and equipping of 6 buildings of the Pfizer Campus which was vacated when Pfizer moved out of the state and thousands of jobs were lost. The Agency approved a PiILOT, as negotiated by the taxing entities to avoid a tax grievance. The project will create more than a thousand jobs once completed. Improvements and leasing will be completed over a 10 year period.
Year: 2017
Subsidy Value: $2,476,754
Program Name: Industrial Development Agencies
Awarding Agency: Rockland County Industrial Development Agency
Type of Subsidy: tax credit/rebate
Capital Investment: $106,800,000
Source of Data:
(click here)
Notes: Subsidy value is total for the year of property tax abatements and sales tax exemptions less the 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.