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: 
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