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: 
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