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Subsidy Tracker Individual Entry

Company: Yahoo
Parent Company: Apollo Global Management
Subsidy Source: multiple
Location: New York
City: Lockport
County: Niagara
Project Description: computer data center
Year: 2009
Major Industry of Parent: private equity (including portfolio companies)
Specific Industry of Parent: private equity (including portfolio companies)
Subsidy Value: $478,000,000
Subsidy Value in 2023 Dollars: $682,444,868
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Number of Jobs or Training Slots: 190
Source of Data: The subsidy value and breakdown as well as the jobs figure came from: Charlotte Keith, "Yahoo's sky-high subsidies," Investigative Post, April 29, 2015; online at (click here)
Notes: An initial package in 2009 provided Yahoo with about $240 million from a sales tax exemptions on construction material and equipment purchases, a property tax abatement; and electricity discounts from the New York State Power Authority. The company received another $138 million for a second phase of development. Portions of the subsidies are listed separately in the main Subsidy Tracker data in Industrial Development Agency and Empire State Development entries.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.