Cook County Board Approves Five Tax Incentives Designed to Support Economic Growth

Cook County Commissioners today approved five proposals from President Toni Preckwinkle’s Bureau of Economic Development (BED) that will provide tax incentives to businesses in Cook County.

The incentives, which will either create new or save existing jobs, were approved in the following communities: Countryside, Bridgeview, Dolton, and South Holland.

As a result of redevelopment activities, these incentives should support the creation of an estimated 41 new private sector full-time jobs, retain an estimated 80 full-time jobs and support 53 construction jobs.

“The companies receiving these incentives have demonstrated their commitment to our communities and residents,” Preckwinkle said. "I’m pleased that we are able to use our tax incentive tools to either keep or expand businesses in Cook County.”

Details on the incentives follow, listed by municipality:

Business Name: Speed Machine, 8430 S. 77th Avenue, Bridgeview

Type of Business: Manufacturing

Project Description: Custom fabricated components and process equipment for the food and beverage industries are manufactured by this company.

Type of Incentive: Class 6b

Estimated: Two full-time jobs created; one full-time jobs retained; two construction jobs supported

Business Name: Perfect Aire & ILLCO,  5401 Dansher Road, Countryside

Type of Business: Supplier, distributor, warehouser of air conditioning units

Project Description: Company will be relocating and expanding into 40,000-square-foot facility.

Type of Incentive: Class 6b

Estimated: 28 full-time jobs created; 47 full-time jobs retained; five construction jobs supported

Business Name: Mahavir Car Wash, 340 W. Sibley Boulevard, Dolton

Type of Business: Car wash

Description: Incentive will allow applicant to rehabilitate and upgrade facility.

Type of Incentive: Class 8

Estimated: Two full-time jobs created; 10 full-time jobs retained; two construction jobs supported

Business Name: Budding Polishing, 130 E. 168th Street, South Holland

Type of Business: Metal polishing

Project Description:  Budding Polishing will occupy the property for metal polishing and architectural refinishing, upgrading facility as needed.

Type of Incentive: Class 8

Estimated: Three full-time jobs created; nine full time jobs retained; 10 construction jobs supported

Business Name: Kirk’s BBQ, 16102 Park Avenue, South Holland

Type of Business: Restaurant

Project Description: Building a permanent, take-out location. The owners have been actively involved in the local farmer’s market. 

Type of Incentive: Class 8

Estimated: Six full-time jobs created; 13 full time jobs retained; 34 construction jobs supported

For more about the tax incentive programs offered by the Cook County Bureau of Economic Development, go to www.cookcountyil.gov/economicdevelopment.