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MegadealsSubsidy Tracker Individual Entry
Company: CONNEXION
Parent Company:
Subsidy Source: local
Location: Illinois
City: Buffalo Grove
County: Lake
Address: 1700 LEIDER LANE, BUFFALO GROVE, 60089
Project Description: The Village of Buffalo Grove shall pay Connexion 100% of the first year's incremental growth in sales tax. 90% of the incremental growth is paid the second year. 80% of the incremental growth is paid in the third year. 70% of the increment is paid in the fourth year. 60% in the fifth year. 50% in the sixth year and seventh years. The duration is seven years or $500,000 in rebates whichever comes first.
Year: 2011
Subsidy Value: $500,000
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. 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.