Subsidy Tracker Individual Entry

Company: 
JEWEL FOOD STORE
Parent Company: 
Cerberus Capital Management
Subsidy Source: 
local
Location: 
Illinois
City: 
DEERFIELD
County: 
COOK
Address: 
16 S WAUKEGAN RD
Zip: 
60015
Project Description: 

Jewel to receive 75% of the incremental sales tax and home rule sales tax revenue from annual retail sales above a base level of $17.5 million equal to lesser of 1)the Net Present Value using a 6% discount rate of actual amount spent on extraordinary costs, or 2) the Net Present Value using a 6% discount rate of $950,000. Agreement commences upon opening of new Jewel store and ends after 20 years or the day the Incentive Income Amount is reached. Dates below are estimated to allow for filing.

Year: 
2017
Major Industry of Parent: 
private equity (including portfolio companies)
Specific Industry of Parent: 
private equity (including portfolio companies)
Subsidy Value: 
undisclosed
Program Name: 
Local Sales Tax Rebate
Awarding Agency: 
Department of Revenue
Type of Subsidy: 
tax credit/rebate
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.