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Please note that data are cataloged by fiscal years. For more info see our user guide.

New York City, NY Revenue Losses from Subsidy Programs

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YearProgram NameProgram TypeGross Revenue LossReimbursement / offsetNet Revenue LossType of Loss
2022Relocation and Assistance Program (REAP), Lower Manhattan Relocation and Employment Assistance Program for Eligible Benefits (LMREAP-EB) and Lower Manhattan Relocation and Employment Assistance Program for Special Eligible Benefits (LMREAP-SEB)Business attraction/retention/expansion$27,000,000$0$27,000,000Active
2019Relocation and Assistance Programs (REAP), Lower Manhattan Relocation and Employment Assistance Program for Eligible Benefits (LMREAP-EB) and Lower Manhattan Relocation and Employment Assistance Program for Special Eligible Benefits (LMREAP-SEB)Business attraction/retention/expansion$33,000,000$0$33,000,000Active
2017Relocation and Assistance Programs— (R E A P), Lower Manhattan Relocation and E mployment Assistance Program for Eligible Benefits (L M R E A P-E B) and Lower Manhattan Relocation and E mployment Assistance Program for Special Eligible Benefits (L M R E A P-SE B)Job Creation/Retention$28,000,000$0$28,000,000Active
2015Relocation and Assistance Programs— Lower Manhattan Relocation & Employment AssistanceJob Creation/Retention$27,000,000$0$27,000,000Active
2016Relocation and Assistance Programs— Lower Manhattan Relocation & Employment AssistanceJob Creation/Retention$22,000,000$0$22,000,000Active
2015Solar Electric Generating System (SEGS) Abatement ProgramEnergy production$3,000,000$0$3,000,000Active
2016Solar Electric Generating System (SEGS) Abatement ProgramEnergy production$4,600,000$0$4,600,000Active
2017Solar Electric Generating System (SEGS) Abatement ProgramEnergy production$7,000,000$0$7,000,000Active
2019Solar Electric Generating System (SEGS) Abatement ProgramEnergy production$15,400,000$0$15,400,000Active
2018Solar Electric Generating System (SEGS) Abatement ProgramsEnergy production$11,200,000$0$11,200,000Active
2020Solar Electric Generating System (SEGS) Abatement ProgramsEnergy production$20,400,000$0$20,400,000Active
2021Solar Electric Generating System (SEGS) Abatement ProgramsEnergy production$24,300,000$0$24,300,000Active
2022Solar Electric Generating System (SEGS) Abatement ProgramsEnergy production$25,800,000$0$25,800,000Active
2018Sports Arean Used by NHL and NBASports and other mega events$42,400,000$0$42,400,000Active
2020Sports Arean Used by NHL and NBASports and other mega events$42,500,000$0$42,500,000Active
2021Sports Arean Used by NHL and NBASports and other mega events$43,900,000$0$43,900,000Active
2022Sports Arena Used by NHL and NBASports and other mega events$43,200,000$0$43,200,000Active
2015Sports Arena Used by the N H L and N B ASports and other mega events$44,000,000$0$44,000,000Active
2016Sports Arena Used by the N H L and N B ASports and other mega events$41,500,000$0$41,500,000Active
2017Sports Arena Used by the N H L and N B ASports and other mega events$42,000,000$0$42,000,000Active
2019Sports Arena Used by the NHL and NBASports and other mega events$43,100,000$0$43,100,000Active
2017The Com mercial Revitalization (C R P) and Com mercial Expansion (C E P) ProgramsReal estate development (commercial)$18,400,000$0$18,400,000Active
2019The Commercial Revitalization (CRP) and Commercial Expansion (CEP) ProgramsConstruction/rehabilitation$15,200,000$0$15,200,000Active
2018The Commercial Revitalization (CRP) and Commercial Expansion (CEP)sConstruction/rehabilitation$18,700,000$0$18,700,000Active
2020The Commercial Revitalization (CRP) and Commercial Expansion (CEP)sConstruction/rehabilitation$14,200,000$0$14,200,000Active
2021The Commercial Revitalization (CRP) and Commercial Expansion (CEP)sConstruction/rehabilitation$16,000,000$0$16,000,000Active
2022The Commercial Revitalization (CRP) and Commercial Expansion (CEP)sConstruction/rehabilitation$14,000,000$0$14,000,000Active
2019Urban Development Action Area ProgramsConstruction/rehabilitation$21,200,000$0$21,200,000Active
2015Urban Development Action Area Programs (U D A A P)Housing$24,800,000$0$24,800,000Active
2016Urban Development Action Area Programs (U D A A P)Housing$24,100,000$0$24,100,000Active
2017Urban Development Action Area Programs (U D A A P)Housing$23,000,000$0$23,000,000Active
2018Urban Development Action Area Programs (UDAAP)Construction/rehabilitation$21,800,000$0$21,800,000Active
2020Urban Development Action Area Programs (UDAAP)Construction/rehabilitation$22,000,000$0$22,000,000Active
2021Urban Development Action Area Programs (UDAAP)Construction/rehabilitation$50,000,000$0$50,000,000Active
2022Urban Development Action Area Programs (UDAAP)Construction/rehabilitation$16,200,000$0$16,200,000Active
2015Urban Development Corporation (currently known as Empire State Development Corporation [ESDC])General Economic Development$272,300,000$0$272,300,000Passive
2016Urban Development Corporation (currently known as Empire State Development Corporation [ESDC])General Economic Development$315,700,000$0$315,700,000Passive
2017Urban Development Corporation (currently known as Empire State Development Corporation [ESDC])General Economic Development$317,700,000$0$317,700,000Passive
2019Urban Development Corporation (currently known as Empire State Development Corporation [ESDC])Construction/rehabilitation$325,700,000$0$325,700,000Passive
2022Urban Development Corporation / Empire State Development CorporationConstruction/rehabilitation$400,200,000$0$400,200,000Passive
TABULATED TOTAL$28,935,380,000$0$28,935,380,000