Subsidy Tracker Individual Entry

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: 
MEGADEAL
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.