Subsidy Tracker Individual Entry

Company: 
Precision Gear, Inc. #1 (1998)
Parent Company: 
Rexnord
Subsidy Source: 
local
Location: 
New York
City: 
College Point
Address: 
112-07 14th Avenue
Zip: 
11356
Project Description: 

The acquisition of a certain parcel of real property of approximately 23,200 square feet, the construction of improvements and renovations to the building thereon, and the acquisition and installation of machinery and equipment in connection therewith, all for the manufacturing ofaircraft quality gears, shafts and assemblies.;

Year: 
2009
Major Industry of Parent: 
miscellaneous manufacturing
Specific Industry of Parent: 
industrial equipment
Subsidy Value: 
$111,673
Program Name: 
Industrial Development Agencies
Awarding Agency: 
New York City Industrial Development Agency
Type of Subsidy: 
tax credit/rebate; property tax abatement
Number of Jobs or Training Slots: 
65
Capital Investment: 
$6,645,000
Notes: 

Subsidy value is total for the year of property tax abatements and sales tax exemptions net of payments in lieu of taxes. Jobs number is total of estimated created and estimated retained (including construction jobs).

Source Notes: 
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