Subsidy Tracker Individual Entry

Company: 
BEST BUY #607
Parent Company: 
Best Buy
Subsidy Source: 
local
Location: 
Illinois
City: 
South Elgin
County: 
Kane
Address: 
424 RANDALL ROAD, SOUTH ELGIN, 60177
Project Description: 

50% of qtrly sales tax revenue reported by IDOR, for all businesses located in SE Crossing, not to exceed $1.5M. Terminating when:10yrs from date of sufficient occup occurs,or from 1st rebate, or if obligation is fully paid prior to 10 yrs.

Year: 
2006
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-consumer electronics
Subsidy Value: 
$1,500,000
Program Name: 
Local Sales Tax Rebate
Awarding Agency: 
Department of Revenue
Type of Subsidy: 
tax credit/rebate
Notes: 

Year is year agreement began. Subsidy value is maximum rebate. Project description is verbatim text (including indeterminate amounts) from the Department of Revenue's online compilation of excerpts from local agreements.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.