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MegadealsSubsidy Tracker Individual Entry
Company: United Airconditioning Corp.II
Parent Company:
Subsidy Source: local
Location: New York
City: LONG ISLAND CITY
Address: 27-02 Skillman AVE a/k/a 46-02 28th Street
Zip: 11101
Project Description: Construction; Designs, fabricates and installs sheet metal ductwork for heating, ventilation and air conditioning systems for commercial buildings in the tri-state area. The Company is seeking access to approximately $5,000,000 in triple tax exempt bonds and benefits under the New York City Industrial Development Agency Manufacturing Facilities Bond Program to finance an expansion to the company's operations. This project will allow the Company to consolidate its workforce and increase capacity thereby enhancing the Company's profitability and growth potencial. The bond proceeds will be used to acquire and an approximately 27,600 square foot facility in the Long Island City section of Queens. The facility will serve the Company's manufacturing, warehousing and office needs.;
Year: 2019
Subsidy Value: $50,322
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: 27
Wage Data: $74,620
Wage Data Type: yearly salary
Capital Investment: $8,800,000
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
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