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:
MEGADEAL 
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.
