Guide to GJNY's Database of Deals

How to Search 

You can search the Database of Deals using one or more of the following data fields:

  • Company: search will show any firms that begin with the letters or words entered
  • Subsidy Program: use the dropdown menu to choose one of the subsidy programs
  • Year: use the dropdown to limit search results to the year a company was awarded a subsidy
  • Borough: narrow down subsidy recipients by a particular borough

Downloading 

Search results can be downloaded to a CSV file for use in a spreadsheet.

A note on sources 

GJNY has compiled this information from two public authorities: New York City Industrial Development Agency and the Empire State Development Corporation and its subsidiary the Lower Manhattan Development Corporation. The LMDC was created in the wake of the attacks on the World Trade Center in September 2001. The LMDC data was obtained through Freedom of Information Law requests.  The data for IDA projects was manually entered from Annual Projects Reports of the New York City Economic Development Corporation (also known as Local Law 48 and its predecessor Local law 69) in some cases as far back from 2000.

Subsidy data from the IDA reflects only the amount of the city subsidy. Some commercial firms that received more than $1million in benefits have a “notes” section where we provide, when possible, the value of state subsidies and additional information and analysis about the subsidy package.

Description of Data Fields 

Awarding Agency – Companies in the database received subsidies from either the New York City Industrial Development Agency (IDA)  or the Empire State Development Corporation/Lower Manhattan Development Corporation (ESDC/LMDC). There are some Capital Resource Corporation (CRC) projects but we expect more CRC entries when data becomes available in 2012.

Address: Street Address

Borough

Block

Lot  (We list Block and Lot information to facilitate further research by the user at the Department of Finance, for example.)

Subsidy Program: The database lists 24 subsidy programs listed. You can search for all of them, or a particular program. Where possible, we link to information about a program. The descriptions are from the Industrial Development Agency’s annual report.

BIR Energy Incentive Business Incentive Rate, administered by the Economic Development Corporation is a discount on energy costs from Con Edison.

BRG (BRG-ESDC, BRG2) – The Business Recovery Grant program was created after the attacks of September 11, 2001 and provided grants to firms with less than 400 employees located below 14th Street.

Commercial Growth Project – Specially negotiated subsidy that includes various tax breaks for commercial projects for corporate headquarters, for example. Commitment of job retention or creation is required

Commercial Incentive

Conversion Incentive Conversion

CRC Revenue Bond – The Capital Resource Corporation, which shares the same board and policies as the IDA, provides tax exempt financing.

Development Lease

Empowerment Zone Facility Bond – Bond financing for eligible projects such as retails and commercial developments in Empowerment Zones

Exempt Facilities Bond – Tax exempt financing and various tax breaks for Companies developing publicly owned airports, docks or wharves, solid waste recycling facilities or other categories of federal exempt facility bonds can access bond financing.

IDA – Industrial Development Agency

Industrial Incentive - Provides industrial companies with various property and sales tax breaks on purchases of materials used to construct, renovate or equip facilities. Eligible companies include manufacturers, distributors, warehouses and other industrial companies.

JCRP – The Job Creation and Retention Program was created after the attacks of September 11, 2001. Eligible firms had more than 200 employees and were displaced for at least one month due to the attack and/or were willing to create new jobs in Lower Manhattan.

Land Sale - The EDC has the authority to negotiate the sale of city owned property.

Lease

Liberty Bond – The Liberty Bond program was created after the attacks of September 11, 2001 to provide tax-free financing for large commercial projects. GJNY’s Reconstruction Watch project has information on Liberty Bond projects allocated for housing and commercial projects approved by New York State.

Manufacturers Facility Bond - Manufacturers of tangible personal property developing or equipping facilities for their own use can access bond financing and real property, Mortgage Recording Tax and sales tax reductions.

Non-For-Profit Bond Program –A bond program for qualified 501 C-3 organizations. However, due to a stalemate in the New York State Legislature the agency has not been able to sell these bonds since 2008.

Pooled Bond - Part of the Not-For-Profit bond program and eligible for organizations that provide services to people with disabilities.

SFARG, SFARG2 - The Small Firm Attraction and Retention Grant program was created after the attacks of September 11, 2001 eligible to companies with less than 10 employees in Lower Manhattan.

Small Industry Incentive – Same benefits as industrial incentive.

 

Awarding Agency: Will be either the IDA or CRC or ESDC/LMDC

Start Date: The date the subsidy took effect.

End Date: The date the subsidies are available until and/or the length of the contract.

Jobs at the start of the deal: The number of jobs at the time of the application.

Jobs projected: Jobs expected to created over the life of the deal or a negotiated timeframe between the IDA and the firm.

Current jobs: The number of jobs including part-time and full-time employees as of the "source fiscal year".

Please note that programs administered by the LMDC (SFARG, JCRP and BRG) do not have data on job figures or end dates.

Total value of subsidy: The total amount available to the firm over the life of the deal. For tax-exempt financing, i.e. Liberty Bonds, the subsidy is the amount of city taxes not paid by the bondholders. For more information, see the Private Activity Bond definition in the Glossary of Terms.

Amount used to date:  Often, a firm receives its benefits over a period of time. This shows the amount of subsidy the firm has benefitted from since its start date. 

Percent of employees living in NYC:  The percentage of employees at the subsidized company, at the covered locations that live in New York City.

Recapture amount: The value of funds either deducted from future allocations or money repaid by the awarding agency. Recapture can occur for various reasons but mostly for a firm’s failure to create or retain a certain number of in a given time period.

Data source fiscal year: This is the year of the report in which the data was obtained. For IDA projects, it is the city’s fiscal year. In instances where we have conducted our own research, the data source is in the notes section.