IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Mar 2015 | Removal date: open ended
Still in force

Tax or social insurance relief

 According to press reports, Time Inc. (publisher of Time, Sports Illustrated, etc.) will move its headquarters from midtown Manhattan to downtown Manhattan, rather than to smaller headquarters in New Jersey that it had originally planned, and will do so with the help of $10 million in public subsidies. These include a $7 million grant under the World Trade Center Job Creation & Retention program and a $3 million Excelsior Jobs Program tax credit. Time Inc. was also reported to have been planning to cut costs by outsourcing some of its jobs in overseas markets. 

AFFECTED COUNTRIES

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