| Company | Supreme Chocolate |
| Date Announced | 4/1/2000 |
| Site | 1150 South Avenue, Staten Island |
| Total Subsidy | $4.4 million |
|
??? |
| Promised Job Creation | 110 |
| Promised Job Retention | 150 |
| Length of Contract | 25 years |
| Competing Sites | Maryland, New Jersey, North Carolina, Virginia, West Virginia |
| Conditions | ??? |
| Notes | This subsidy is atypical
of the deals documented here (retention subsidies worth $1 million or
more) in two ways: First, it
is going to a company outside of Manhattan, and second, the company is in
the manufacturing industry. Supreme purchased a city-owned site and was awarded $4.4 million in reduced real estate taxes over 25 years. The new manufacturing, retail and office complex is slated to open in the summer of 2001. It will include Hershey-style tours for school-aged kids, where they can learn the history of the coffee bean, inspect chocolate churning vats and sample the product. |
| Corporate Notes | Supreme Chocolate (previously known as Superior Chocolate) was founded in Staten Island in 1910. |
| 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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