Subsidy Tracker Individual Entry

Company: 
MENARD, INC.
Parent Company: 
Menard
Subsidy Source: 
local
Location: 
Illinois
City: 
Hanover Park
County: 
Cook
Address: 
7435 BARRINGTON ROAD, HANOVER PARK, 60133
Project Description: 

Village shall pay Menards 50% of the sales tax generated on the menard's property and 50% of the Home Rule Municipal Sales Tax Generated on the Menard's property, until a total aggregate of $2,500,000.00 is paid or 20 years, which ever occurs first.

Year: 
2005
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-home improvement
Subsidy Value: 
$2,500,000
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.