Subsidy Tracker Individual Entry

Company: 
WALGREEN
Parent Company: 
Walgreens Boots Alliance
Subsidy Source: 
local
Location: 
Illinois
City: 
Morton Grove
County: 
Cook
Address: 
5730 DEMPSTER, MORTON GROVE, 60053
Project Description: 

Monthly sales were calculated based on the 1% municipal portion sales tax remitted to the Village from the Illinois Department of Revenue. ** The revenue sharing agreement calls for a 50/50 sharing of sales tax revenues generated from gross sales exceeding $AMOUNT each year. The total given to Walgreens will not exceed $253,320 or 10 years from the January 1 following the date that retail operations began (December 31, 2010), whichever comes first. The agreement also states that the first $110,000 of the $253,320 will go directly to the Village to fund the Menard Avenue right-of-way improvements.

Year: 
2010
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-pharmacies
Subsidy Value: 
$253,320
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.