New York City has provided over $200 million in tax breaks and utility concessions to keep Chase Manhattan Bank in the city.

Question

Quizplus · Accepted Answer

New York City has indeed provided significant financial incentives, including tax breaks and utility concessions, to retain major corporations like Chase Manhattan Bank within its jurisdiction, as part of broader efforts to maintain its status as a global financial hub and preserve jobs.

New York City Has Provided Over $200 Million in Tax