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This article was published on May 2, 2012

Struggling Nokia repays $420,000 jobs grant to NY State as it leaves the area

Struggling Nokia repays $420,000 jobs grant to NY State as it leaves the area
Robin Wauters
Story by

Robin Wauters

Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family a Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family and Belgian beer. If you'd like to know more about Robin, head on over to robinwauters.com or follow him on Twitter.

Troubled Nokia is troubled.

The latest bad news for the Finnish phone maker is that it had to repay New York State $420,000 after breaking a deal to bring hundreds of jobs to Westchester.

Actually, Nokia did bring about 300 jobs to said county after it bought a former IBM building back in 2006, back when things were still going smoothly for the now beleaguered phone giant. The main issue is that it couldn’t keep the jobs there as they’ve left the area.

Nokia originally received a $700,000 “Jobs Now” grant, but the entire amount couldn’t be recouped because the company did technically create jobs for a while.

Worse is that Nokia spent $30 million on the renovation of the building, “stripping the structure down to the steel and rebuilding it as a modern glass-enclosed office building” according to Lohud.com.

The fancy building was vacated in March 2012.