New York State Subsidy Tracker - Industrial Development Agencies

ProPublica

New York State Subsidy Tracker

Tracking the State’s Growing Portfolio of Business Subsidies

Industrial Development Agencies

Gave out $2.2B in subsidies.

Local government agencies that provide incentives such as property tax breaks to businesses in their areas. More information.

A subsidy value reflects only what the company received that year, not the lifetime value, which can stretch over many years. Similarly, a company has many years to meet its jobs promised commitment, and the jobs-reported figure reflects their progress that year. Therefore, job figures cannot be combined. In some cases, subsidy recipients make payments to the IDA, which, if they exceed the value of the subsidy, may result in a negative value.

100 Largest Subsidies Issued By This Program

Year Time Period Company Jobs Promised Initially Jobs Reported To Date Value
2014 Annual YAHOO! INC 75 110 $200.9M
2014 Annual YAHOO! INC 115 109 $160.0M
2013 Annual ATHENS GENERATING CO LLP 35 32 $38.4M
2012 Annual ATHENS GENERATING CO LLP 35 32 $25.8M
2011 Annual ATHENS GENERATING CO LLP 35 32 $25.8M
2014 Annual GLOBALFOUNDRIES 1190 2544 $25.1M
2011 Annual GLOBALFOUNDRIES 1190 1061 $25.0M
2014 Annual ATHENS GENERATING CO LLP 35 31 $23.3M
2014 Annual NBC 0 3222 $16.7M
2014 Annual COVANTA ENERGY CORP 10 0 $15.7M
2011 Annual SITHE ENERGIES 50 43 $15.0M
2013 Annual NBC 0 2906 $15.0M
2014 Annual IBM CORPORATION 0 0 $14.9M
2013 Annual COVANTA ENERGY CORP 10 0 $14.6M
2014 Annual REGENERON PHARMACEUTICALS INC 400 75 $13.6M
2014 Annual NRG ENERGY INC 0 90 $13.2M
2013 Annual NRG ENERGY INC 0 94 $13.0M
2013 Annual IBM CORPORATION 0 0 $12.7M
2012 Annual COVANTA ENERGY CORP 10 -2 $12.7M
2012 Annual IBM CORPORATION 0 4479 $12.7M
2011 Annual COVANTA ENERGY CORP 10 -2 $12.6M
2012 Annual NEPTUNE 2 4 $12.1M
2011 Annual NBC 0 1577 $12.1M
2012 Annual FC YONKERS 4000 1033 $11.6M
2013 Annual GLOBALFOUNDRIES 1190 2176 $11.5M
2014 Annual EMPIRE GENERATING CO LLC 8 21 $11.3M
2013 Annual EMPIRE GENERATING CO LLC 8 18 $11.2M
2012 Annual NBC 0 874 $11.0M
2012 Annual EMPIRE GENERATING CO LLC 8 19 $10.9M
2011 Annual EMPIRE GENERATING CO LLC 8 19 $10.6M
2011 Annual NEPTUNE 2 5 $10.5M
2014 Annual BLOOMBERG LP 80 0 $9.0M
2013 Annual AVALON NEW ROCHELLE II LLC 15 24 $8.7M
2013 Annual FC YONKERS 4000 1360 $8.6M
2012 Annual AVALON NEW ROCHELLE II LLC 15 20 $8.6M
2014 Annual FC YONKERS 4000 1421 $8.5M
2012 Annual CANON USA INC 1410 0 $8.1M
2013 Annual LAFARGE BUILDING MATERIALS INC 8 0 $8.0M
2011 Annual AVALON NEW ROCHELLE II LLC 15 22 $8.0M
2014 Annual AVALON NEW ROCHELLE II LLC 15 24 $7.9M
2012 Annual DREYFUS 0 -141 $7.1M
2014 Annual ERY TENANT LLC 8400 0 $7.0M
2014 Annual KEVIN PIERCE 0 -44 $6.7M
2014 Annual FLUSHING FINANCIAL CORPORATION 38 0 $6.4M
2011 Annual FC YONKERS 4000 3044 $6.1M
2012 Annual NRG ENERGY INC 0 85 $6.1M
2012 Annual GLOBALFOUNDRIES 1190 1900 $5.8M
2011 Annual NOBLE WETHERSFIELD WINDPARK LLC 9 -4 $5.4M
2012 Annual KEVIN PIERCE 0 -44 $5.3M
2014 Annual BTM DEVELOPMENT PARTNERS LLC 1766 944 $5.2M
2012 Annual CBS CORPORATION 0 739 $5.1M
2011 Annual HOWARD WIND LLC 5 8 $5.0M
2011 Annual AVON PRODUCTS INC 160 250 $4.9M
2014 Annual STARWOOD CAPITAL 0 0 $4.8M
2014 Annual SHELDON ENEGRY LLC 9 8 $4.5M
2013 Annual SHELDON ENEGRY LLC 9 8 $4.4M
2014 Annual AVALON REDEVELOPMENT LLC 15 23 $4.4M
2014 Annual AVON PRODUCTS INC 0 18 $4.3M
2013 Annual BTM DEVELOPMENT PARTNERS LLC 1766 918 $4.3M
2012 Annual CORNING INC 300 258 $4.3M
2013 Annual AVALON REDEVELOPMENT LLC 15 18 $4.3M
2012 Annual SHELDON ENEGRY LLC 9 9 $4.3M
2011 Annual SHELDON ENEGRY LLC 9 9 $4.2M
2012 Annual AVALON REDEVELOPMENT LLC 15 20 $4.1M
2012 Annual AVON PRODUCTS INC 0 -9 $4.1M
2011 Annual AVALON REDEVELOPMENT LLC 15 18 $4.0M
2013 Annual GLOBALFOUNDRIES 600 0 $3.9M
2013 Annual AVON PRODUCTS INC 0 165 $3.9M
2012 Annual HERO GROUP INC 136 -53 $3.8M
2011 Annual AMERICAN INTERNATIONAL GROUP 1858 806 $3.8M
2013 Annual CORNING INC 300 285 $3.8M
2011 Annual RICHFIELD SYRACUSE HOTEL PARTNERS 0 -23 $3.7M
2011 Annual HEARST CORPORATION 1844 -199 $3.7M
2013 Annual UNITED NATURAL FOODS INC 331 0 $3.6M
2013 Annual PYRAMID COMPANY OF ONONDAGA INC 2800 5641 $3.5M
2014 Annual GPSDC NEW YORK INC 1150 0 $3.4M
2011 Annual AES CORPORATION 0 -36 $3.4M
2014 Annual CIMINELLI REAL ESTATE 100 0 $3.4M
2013 Annual NOBLE WETHERSFIELD WINDPARK LLC 9 -6 $3.4M
2014 Annual NOBLE WETHERSFIELD WINDPARK LLC 9 -6 $3.4M
2013 Annual BROOK SHOPPING CENTER LLC 275 610 $3.3M
2012 Annual NATIONAL ASSOCIATION OF SECURITIES DEALERS INC 37 571 $3.3M
2013 Annual HERO GROUP INC 136 -71 $3.3M
2012 Annual NOBLE WETHERSFIELD WINDPARK LLC 9 -4 $3.2M
2012 Annual BROOK SHOPPING CENTER LLC 275 608 $3.2M
2014 Annual CORNING INC 300 290 $3.2M
2011 Annual LUCIE-CLAUDE LALONDE 110 0 $3.1M
2011 Annual BROOK SHOPPING CENTER LLC 275 591 $3.1M
2014 Annual NOBLE ENVIRONMENTAL POWER 6 8 $3.0M
2013 Annual NOBLE ENVIRONMENTAL POWER 6 8 $3.0M
2013 Annual GPSDC NEW YORK INC 1150 451 $3.0M
2014 Annual SPECIALISTS ONE DAY SURGERY LLC 2 0 $3.0M
2014 Annual HERO GROUP INC 136 -80 $3.0M
2011 Annual EQUITY ONE NORTHEAST INC 375 0 $3.0M
2011 Annual CANON USA INC 1410 0 $3.0M
2012 Annual J-POWER USA DEVELOPMENT CO LTD 4 4 $2.9M
2011 Annual DEER PARK ENTERPRISES LLC 1400 658 $2.9M
2013 Annual RUSSO DEVELOPMENT LLC 0 0 $2.9M
2013 Annual 155 CORPORATE DR LLC 0 0 $2.9M
2014 Annual IBM CORPORATION 0 -189 $2.9M

Source: Data on subsidies from the Excelsior Jobs Program, Industrial Development Agencies and Local Development Corporations are sourced from New York’s open data portal. IDA data accessed on July 21, 2016. LDC data accessed on Feb. 21, 2017. All other program data sourced from agency reports and Freedom of Information requests to Empire State Development, the state’s economic development arm, and other state agencies. Download the raw program data in the ProPublica Data Store.

Methodology: Read our methodology for collecting the data.

Notes:

Except where otherwise noted, data is for subsidies granted or given out between 2011 and 2014 under the above-named programs. While these programs comprise a significant cross-section of the state’s growing portfolio of economic development programs, they don’t include every subsidy dollar.

Subsidies tracked include grants, tax breaks, low-cost leases and discounted power allocations given out under each program; loans and bond issues are excluded from the data because they have to be repaid.

The number of corporate subsidiaries reflects only the subsidiaries we were able to verify though our research. Companies may have more connections with other companies not listed in the data.

IDA and LDC subsidies are given out by local entities; all other programs are administered by New York State.