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Subsidy Tracker Individual Entry

Company: Prudential Securities (now part of Wells Fargo)
Parent Company: Wells Fargo
Subsidy Source: state
Location: New York
County: New York
Project Description: securities company headquarters
Year: 1992
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Subsidy Value: $106,200,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Number of Jobs or Training Slots: 5,000
Source of Data: The subsidy value and breakdown as well as the projected number of retained jobs came from: David W. Dunlap, "Enticed by Tax Breaks, Prudential Will Stay in New York," New York Times, August 6, 1992.
Notes: Prudential Securities, which claimed it was considering a relocation to another city, agreed to stay in New York after receiving $48.4 million in energy discounts, $41.1 million from sales tax exemptions on construction materials and $16.7 million in other sales and mortgage-recording tax breaks. Overlaps with main Subsidy Tracker data: none.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.