Subsidy Tracker Individual Entry
Company:
Yahoo
Parent Company:
Verizon Communications
Subsidy Source:
multiple
Location:
New York
City:
Lockport
County:
Niagara
Project Description:
computer data center
Year:
2009
Major Industry of Parent:
telecommunications
Specific Industry of Parent:
telecommunications
Subsidy Value:
$478,000,000
Program Name:
multiple
Awarding Agency:
multiple
Type of Subsidy:
MEGADEAL 
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 http://www.investigativepost.org/2015/04/29/yahoos-sky-high-subsidies/
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.
