Subsidy Tracker Individual Entry

Company: 
JEWEL FOODS #3776
Parent Company: 
Cerberus Capital Management
Subsidy Source: 
local
Location: 
Illinois
City: 
New Lenox
County: 
Will
Address: 
2021 E. LARAWAY ROAD, NEW LENOX, 60451
Project Description: 

In years 1 through 5, 35% of the Village's local share of the Sales Tax generated exclusively from the Project (Jewel-Osco); and, years 6 through 12, 50% of the Village's local share of Sales Tax generated exclusively from the Project. Notwithstanding the payments to be made as listed above, the Village shall not be obligated to make any further payment to Jewel after $1,650,000 has been paid to Jewel under the terms of the agreement.

Year: 
2007
Major Industry of Parent: 
private equity (including portfolio companies)
Specific Industry of Parent: 
private equity (including portfolio companies)
Subsidy Value: 
$1,650,000
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.