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MegadealsSubsidy Tracker Individual Entry
Company: Posillico Materials, LLC
Parent Company:
Subsidy Source: local
Location: New York
City: FARMINGDALE
Address: 1600, 1610 & 1750 New Highway
Zip: 11735
Project Description: Manufacturing; The demolition of an existing 27,440 square foot warehouse/office structure, removal of existing sheeting and other site improvements, the excavation of 81,768 cubic yards of material from a +/- twenty foot cut and installation of proposed sheeting and gravity block retaining wall, construction of a new approximately 2,700 square foot covered contaminated material storage shed, construction of a concrete equipment pad, the acquisition and installation of soil wash plant and water treatment equipment, and the installation of a 1,4MW combined heat and power fuel cell plant (including all equipment and personalty (the Facility Equipment) relating to the foregoing) a all for use as a solid waste management facility, and fuel cell plant, in the expansion of an engineering, general contracting and asphalt manufacturing business.
Year: 2019
Subsidy Value: $644,600
Program Name: Industrial Development Agencies
Awarding Agency: Babylon Industrial Development Agency
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 95
Wage Data: $114,250
Wage Data Type: yearly salary
Capital Investment: $17,900,000
Source of Data:
(click here)
Notes: Year is fiscal year. Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. Jobs data is total current FTE. Wage data is estimated yearly salary created. See original source for further details on jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure. Investment is total project cost.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.