Subsidy Tracker Individual Entry
Company:
RJR Nabisco (now Mondelez International)
Parent Company:
Mondelez International
Subsidy Source:
multiple
Location:
Illinois
City:
Chicago
Project Description:
expansion of large industrial bakery
Year:
1993
Major Industry of Parent:
food products
Specific Industry of Parent:
food products
Subsidy Value:
$90,000,000
Program Name:
multiple
Awarding Agency:
multiple
Type of Subsidy:
MEGADEAL 
Number of Jobs or Training Slots:
2,400
Capital Investment:
$500,000,000
Source of Data:
The subsidy value and breakdown as well as the job retention and investment projections came from: Nancy Ryan, "City, state tax breaks keep Nabisco," Chicago Tribune, December 15, 1993.
Notes:
To keep what was said to be the world's largest baker on Chicago's Southwest Side, the state provided tax breaks worth an estimated $29.3 million over ten years as well as $700,000 in training funds. The city provided up to $60 million in TIF financing for the expansion, in which the company committed to invest up to $500 million. Nabisco later became part of Kraft Foods, which in 2011 spun off its snack foods business into Mondelez International. Overlaps with main Subsidy Tracker data: $60 million Chicago TIF entry for 1994 (as Nabisco).
Source Notes:
If an online information source is not working, check the Tracker inventory page for an updated link.
