Subsidy Tracker Individual Entry
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.
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.