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MegadealsSubsidy Tracker Individual Entry
Company: KRCV CORPORATION
Parent Company:
Subsidy Source: local
Location: Illinois
City: Matteson
County: Cook
Address: 2100 CICERO AVENUE, MATTESON, 60443
Project Description: KRCV Realty redeveloped a blighted retail shopping center, which added to the economic tax base as well as created jobs. The Village agreed to rebate KRCV 60% of the municipal 1% sales tax revenue generated by businesses within the shopping center. The shall rebate no more than $2 million over 20 years on an annual basis.
Year: 2002
Subsidy Value: $2,000,000
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.