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Company Hyde Park Fine Art of Mouldings
 
Date Announced 10/4/2000
 
Site Long Island City, Queens
 
Total Subsidy $2.1 million
Amount Tied to Job Creation
???
Promised Job Retention 22
 
Promised Job Creation 48
 
Length of Contract ???
 
Competing Sites ???
 
Conditions ???
 
Notes Plaster ornamentation manufacturer Hyde Park Fine Art of Mouldings received an allocation of $2.1 million in sales tax exemptions and property tax breaks from the city's Economic Development Corp. for expanding its facility in Long Island City, Queens. The company employs 22 and plans to add 48 workers over three years, according to the EDC.
 
A note on sources -- or why many of these profiles appear incomplete. They are. Good Jobs New York compiled the numbers in these profiles from press releases and news accounts of the deals. Unfortunately, more detailed information on these subsidies is very difficult to obtain -- even though it should be readily available to the public. In many cases, neither the company nor the city nor state released certain information, particularly the terms of the agreement, i.e., the conditions which the company had to meet in order to receive the subsidy. It should also be noted that the value of the subsidy may not end up being equal to the value estimated at the time of the agreement. And it should not be assumed that the actual number of jobs retained and created will be the same as the numbers predicted.

Because the public deserves easy access to information about how taxpayer dollars are being spent, Good Jobs New York will update these profiles as we uncover more information.

Good Jobs New York  - October 17, 2000