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.