| Company | Jupiter Communications |
| Date Announced | 3/19/2000 |
| Site | 21 Astor Place |
| Total Subsidy | $3.5 million |
|
??? |
| Promised Job Creation | 1,270 |
| Promised Job Retention | 209 |
| Length of Contract | 15 years |
| Competing Sites | none |
| Conditions | Some of the benefits are tied to job creation. |
| Notes | According
to Michael Carey, president of the Economic Development Corporation,
"The growth we’ve seen in the industry is going to keep the same pace.
That's what our deal flow is telling us." (Lore Crogham,
Crain's New York Business, March 20, 2000) Jupiter was acquired by Media Matrix, Inc. shortly after this subsidy was announced. In January 2001 the new company, Jupiter Media Matrix, announced that it would eliminate 80 jobs. |
| Corporate Notes | Jupiter is an internet research firm. |
| Critics | |
| 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 - May 25, 2001 |
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