Subsidy Tracker Individual Entry

Company: 
Kohl's
Parent Company: 
Kohl's
Subsidy Source: 
multiple
Location: 
Wisconsin
City: 
Menomonee Falls
Project Description: 

corporate headquarters

Year: 
2012
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-department stores
Subsidy Value: 
$87,500,000
Program Name: 
Enterprise Zone
Awarding Agency: 
Wisconsin Economic Development Corporation
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
3000 new and 4500 retained
Capital Investment: 
$250,000,000
Source of Data: 

Details on the package was taken from: "Kohl's Keeps Headquarters in Wisconsin," a press release issue by the Wisconsin Economic Development Corporation, July 19, 2012. Online at:http://inwisconsin.com/news/kohls-keeps-headquarters-in-wisconsin/ Also see: Tom Daykin, "Kohl's Road Work Spending OKd," Milwaukee Journal Sentinel, July 22, 2012.

Notes: 

Wisconsin Economic Development Corporation created an Enterprise Zone around Kohl's headquarters. Kohl's was initially made eligible for up to $47.5 million in tax credits for creating 3,000 new jobs, retaining 4,500 jobs and investing $250 million. The company was offered up to $15 million in additional credits if it created additional positions. Kohl's will receive the full amount over 12 years depending on the number of new full-time employees. Menomonee Falls agreed to provide $13 million in road improvements and up to $12 million from the incremental tax revenue produced by the Kohl?s development. Overlap with main Subsidy Tracker data: $62.5 million Enterprise Zone entry.

Source Notes: 
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