Subsidy Tracker Individual Entry

Company: 
MENARDS
Parent Company: 
Menard
Subsidy Source: 
local
Location: 
Illinois
City: 
Matteson
County: 
Cook
Address: 
21630 CICERO AVENUE, MATTESON, 60443
Project Description: 

Menards has invested over $6 million dollars in renovations and expansion to their location, which will add jobs to the community and increase the tax base. The Village will reimburse eligible project cost up to $435,570 through the 1% Business District sales tax generated from Menards sales tax revenue. The funds will be equally disbursed annual not to exceed $435,570 or December 31, 2016 whichever comes first.

Year: 
2013
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-home improvement
Subsidy Value: 
$435,570
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: 
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