Company: Vanguard Group Parent Company: Vanguard Group Subsidy Source: state Location: Pennsylvania County: Chester Project Description: investment company headquarters expansion Year: 2000 Major Industry of Parent: financial services Specific Industry of Parent: investment management Subsidy Value: $55,500,000 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
Number of Jobs or Training Slots: 6,000 Capital Investment: $500 million Source of Data: The subsidy details and employment and investment projections came from: "Ridge, Vanguard Laud Historic Deal," Philadelphia Inquirer, May 23, 2000. Notes: The $55.5 million state package included a $12 million Opportunity Grant, up to $19 million in sales tax exemptions for construction materials, $4 million for Job Creation Tax Credits, $3 million for job training and $17.5 million in infrastructure assistance. Overlaps with main Subsidy Tracker data: two Job Creation Tax Credit entries totaling $3.5 million and an Opportunity Grant entry for $12 million. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.