Wal-Mart Subsidies in Ravenna, OH
|Address||2600 St Hwy 59|
|Type of Facility||discount store|
|Value of Subsidies||$1.3 million|
NarrativeWal-Mart received a ten-year, 75% exemption on real and personal property taxes from Ohio's enterprise zone program. The store was approved for EZ credits in 1994, just before the law governing the program was changed to bar credits to retail developments in non-blighted areas. Wal-Mart's benefit from the abatement from 1998-2002 was $642,105. Based on the amount of the tax rebate the store received in 1998, we estimate that Wal-Mart has received $1.3 million in rebates.