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MegadealsSubsidy Tracker Individual Entry
Company: FLAG CHEVROLET, INC.
Parent Company:
Subsidy Source: local
Location: Illinois
City: GRAYSLAKE
County: LAKE
Address: 1000 EAST BELVIDERE ROAD
Zip: 60030
Project Description: The applicants undertakings include renovations to the property and the buildings, operating the Auto Dealership as a franchised Chevrolet dealership (or equivalent as approved by the Village) including being open for business for at least 10 hours/day on at least 275 days/calendar year, implementation of an advertising campaign during the 3 years after the Execution Date in an amount not less than $AMOUNT, and employing no fewer than 75 full time employees or full time equivalent employees. It is estimated that the Renovation Project and the other Owner Undertakings will require the owner to invest as least $AMOUNT. Within thirty days after the Execution Date, the Village will make initial incentive payment to applicant of $AMOUNT. Following the end of each Annual Payment Period (Calendar Year), the Village shall make a payment thereafter by May 31. This payment shall be based on 100% of the Enhanced Receipts of the most recently concluded Annual Payment Period.
Year: 2018
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.