Subsidy Tracker Individual Entry

Company: 
WALMART STORES INC. #1377
Parent Company: 
Walmart
Subsidy Source: 
local
Location: 
Illinois
City: 
Johnsburg
County: 
McHenry
Address: 
3801 RUNNING BROOK FARMS BLVD, JOHNSBURG, 60051
Project Description: 

The Agreement provides a refund of up to $4,000,000. The Village retains a base amount which increases each year. The base amount begins at $AMOUNT and increases by approximately 5.5% annually. A refund is then provided for two-thirds (2/3) of the remaining amount until $4,000,000 has been refunded or the agreement expires. The agreement expires on December 31, 2025 provided that unforeseen circumstances do not prevent the retailer from operating at least 50% of the store because of casualty or other events out of their control.

Year: 
2010
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-discount stores
Subsidy Value: 
$4,000,000
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.