Restaurant & Retail Incentives

Restaurant_Retail_header

City of Rolling Meadows, Illinois

Restaurant and Retail Incentive Programs

 THE NEW RESTAURANT TAX INCENTIVE*

  1. Up to $5,000 reduction in cost of building fees
  2. City food and beverage tax refunds (must be in good standing)

Non-Kirchoff Road Corridor (Downtown) Plan locations:

  • After first year –        40% 
  • After second year -    20% 
  • After third year -       10% 

Kirchoff Road Corridor (Downtown) Plan locations:

  • After first year –        60% 
  • After second year -    40% 
  • After third year -       20% 

       3. Facade and interior grant incentive up to $10,000

*A “restaurant” shall be defined as an establishment with a wide selection of food and beverages in which customers can be served meals at their table and pay at the end of their meal.

THE RETAIL HOME RULE SALES TAX INCENTIVE

  1. Up to $5,000 reduction in cost of building fees
  2. City home rule sales tax refunds (must be in good standing)

Non-Kirchoff Road Corridor (Downtown) Plan locations:

  • After first year –        15% 
  • After second year -    10% 
  • After third year -       5%

Kirchoff Road Corridor (Downtown) Plan locations:

  • After first year –        25% 
  • After second year -    20% 
  • After third year -       15% 
  1. Facade and interior grant incentive up to $10,000