Subsidy Tracker Individual Entry
Company:
Hyatt Place Hotel
Parent Company:
Hyatt Hotels
Subsidy Source:
local
Location:
Virginia
City:
Fredericksburg
Year:
2016
Major Industry of Parent:
hotels
Specific Industry of Parent:
hotels
Subsidy Value:
$25,090
Program Name:
Fredericksburg: Sales Tax Reduction
Awarding Agency:
City of Fredericksburg
Type of Subsidy:
tax credit/rebate
Number of Jobs or Training Slots:
20
Capital Investment:
$11,000,000
Source of Data:
Direct from agency; not on web
Notes:
Subsidy value is incentive value for year. Jobs is number of jobs created over subsidy period. 100% Reimbursement of 1% local sales tax and 1% state sales tax. $620,000 limit ($310,000 from city).
Source Notes:
If an online information source is not working, check the Tracker inventory page for an updated link.
