Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
State: | Delaware |
Effected Jurisdiction: | New Castle County |
Jurisdiction type: | County |
Fiscal year ending In: | 2022 |
Program name: | Dot Foods |
Program purpose: | Job Creation/Retention |
Statutory authority: | Ordinance No.19-115 |
Abating jurisdiction(s): | New Castle County |
Applicable taxes: | Property Tax |
Method of abatement: | Value Freeze |
Provisions for recapture: | It will forfeit the County tax exemption in its entirety and be obligated to pay all amounts previously exempted if it does not create 201 new full-time positions by May 30, 2025 |
Gross revenue loss: | $39,931 |
Reimbursement / offset: | $0 |
Net revenue loss: | $39,931 |
Type of loss: | Active |
Additional notes on dislosure: | (none) |
Document source: | https://www.newcastlede.gov/ArchiveCenter/ViewFile/Item/3396 |