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MegadealsSubsidy 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 (Archived)
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.