New York State Subsidy Tracker
Tracking the State’s Growing Portfolio of Business Subsidies
Local Development Corporations
Gave out $540.1M in subsidies.
Nonprofit corporations run by local governments to further economic development or other public purposes. More information.
Local Development Corporations give out many different types of business subsidies, including loans, bond underwriting and grants. The data included here only captures grants because loans and bond issues have to be repaid.
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100 Largest Subsidies Issued By This Program
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.