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Subsidy Tracker Individual Entry

Company: Telephonics Corporation
Parent Company: TTM Technologies
Subsidy Source: local
Location: New York
City: FARMINGDALE
Address: 815 Broad Hollow Road
Zip: 11735
Project Description: Manufacturing; The renovation and equipping of the Existing Facility and investment in research and development at the Existing Facility at an aggregate cost of approximately $35,000,000 all for use in the business of manufacturing, researching and developing high tech communications and radar/defense electronics products and to retain approximately 500 employees within the Town. Employment before IDA status reported under 47010413A. Certiorari credit of $83,844.40 applied in 2018-2019.
Year: 2019
Major Industry of Parent: electrical and electronic equipment
Specific Industry of Parent: circuit boards
Subsidy Value: $424,239
Program Name: Industrial Development Agencies
Awarding Agency: Babylon Industrial Development Agency
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 353
Wage Data: $0
Wage Data Type: yearly salary
Capital Investment: $35,000,000
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.