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.
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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 |
2013 | Annual | NOBLE ENVIRONMENTAL POWER | 6 | 8 | $3.0M |
2014 | 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 | 155 CORPORATE DR LLC | 0 | 0 | $2.9M |
2013 | Annual | RUSSO DEVELOPMENT 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.