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MegadealsSubsidy Tracker Individual Entry
Company: Precision Gear, Inc. #1 (1998)
Parent Company:
Regal Rexnord
Subsidy Source: local
Location: New York
City: COLLEGE POINT
Address: 112-07 14th Avenue
Zip: 11356
Project Description: Manufacturing; 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: 2019
Major Industry of Parent: miscellaneous manufacturing
Specific Industry of Parent: industrial equipment
Subsidy Value: $92,669
Program Name: Industrial Development Agencies
Awarding Agency: New York City Industrial Development Agency
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 176
Wage Data: $0
Wage Data Type: yearly salary
Capital Investment: $6,645,000
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.