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MegadealsSubsidy Tracker Individual Entry
Company: BUTERA FINER FOODS, INC.
Parent Company:
Subsidy Source: local
Location: Illinois
City: GRAYSLAKE
County: LAKE
Address: 815 CENTER STREET
Zip: 60030
Project Description: The applicants undertakings include improving the site with a timely investment of not less than $AMOUNT of improvements, operating the business for at least the full agreement term, and employing no fewer than 30 full time employees or full time equivalent employees. The village will make initial incentive payment to applicant of $195,000, not before May 1, 2017. Annual payments thereafter will be made after May 1st. These payments shall be based on the local sales tax receipts of most recently concluded calendar year and in the following amounts: Year 1 after the initial incentive payment, 90% of generated local sales tax receipts for calendar year, Year 2 80%, Year 3 70%, Year 4 60%, Year 5 through Year 10 50%. The duration ofthe agreement is 10 years after the initial incentive agreement which will occur no earlier than May 1, 2017.
Year: 2017
Subsidy Value: undisclosed
Program Name: Local Sales Tax Rebate
Awarding Agency: Department of Revenue
Type of Subsidy: tax credit/rebate
Source of Data:
(click here)
Notes: Year is year agreement began. Project description is verbatim text (including indeterminate amounts) from the Department of Revenue's online compilation of excerpts from local agreements. Subsidy amount is not readily available.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.