Subsidy Tracker Individual Entry
expansion of large industrial bakery
The subsidy value and breakdown as well as the job retention and investment projections came from: Nancy Ryan, "City, state tax breaks keep Nabisco," Chicago Tribune, December 15, 1993.
To keep what was said to be the world's largest baker on Chicago's Southwest Side, the state provided tax breaks worth an estimated $29.3 million over ten years as well as $700,000 in training funds. The city provided up to $60 million in TIF financing for the expansion, in which the company committed to invest up to $500 million. Nabisco later became part of Kraft Foods, which in 2011 spun off its snack foods business into Mondelez International. Overlaps with main Subsidy Tracker data: $60 million Chicago TIF entry for 1994 (as Nabisco).