Article: NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY TO HELP NBC UNIVERSAL RELOCATE MSNBC UNIT TO NEW YORK CITY

The New York City Industrial Development Agency issued the following press release:

New York City Industrial Development Agency (IDA) today approved an amendment to an existing agreement with NBC Universal that will lengthen and deepen its corporate commitment to New York City and will attract to the City its MSNBC unit, including 421 jobs currently in New Jersey. IDA approved about $1.5 million in real estate tax benefits to facilitate the relocation. As a result of the agreement, NBC Universal will make significant capital and technological investments in its midtown Manhattan facilities. In addition, IDA Board approved financing assistance for the expansion of two not-for-profit ...

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