Cook County Board Approves Tax Incentives to Support Economic Growth

Preckwinkle applauds actions to create, retain jobs

Cook County commissioners today approved proposals by President Preckwinkle’s Bureau of Economic Development (BED) that will provide tax incentives to business in five suburban communities, as well as save and create jobs.

A total of five tax Incentives were approved in the following communities: Bellwood, Bridgeview, Elk Grove Village, Hillside and South Holland.  These redevelopment activities should yield an estimated 72 new private sector jobs created, 46 jobs retained and 41 construction jobs supported.

"Helping businesses create and retain good-paying jobs is a major focus of our economic development efforts," said Cook County President Toni Preckwinkle. "The companies receiving these incentives have demonstrated their commitment to their communities and our residents, and deserve our assistance in growing their businesses.”

Details on the incentives follow:

• Business Name: Best Logistics Group, LLC

     Project Address: 10 Davis Drive, Bellwood

     Project Description: Best Logistics Group performs warehousing, storage and distribution. The applicant is relocating and expanding to the subject property.

     Type of Incentive: Class 6b

     Estimated: 10 full-time jobs retained

• Business Name: Lifting Gear Hiring Corporation

     Address: 7518 West 98th Place, Bridgeview

     Project Description: The applicant will substantially rehabilitate and lease the subject property to Lifting Gear, a national rental and sale provider of lifting and rigging equipment.

     Type of Incentive: Class 7a

     Estimated:  10 full-time jobs created, 13 full-time jobs retained, 10 construction jobs supported

• Business Name: Gorilla Paper, Inc.

     Project Address: 1125 Lunt Avenue, Elk Grove Village

     Project Description: Gorilla Paper, Inc. will occupy the property for warehousing and distribution of business machine paper, thermal paper rolls, credit card paper rolls and manual imprinters.

     Type of Incentive: Class 6b

Estimated: 12 full time jobs created, 3 full time jobs retained, 3 construction jobs supported

• Business Name: Alliance Co. and Alliance Door and Hardware

     Project Address: 225 Fencl Lane, Hillside

     Project Description: Applicant intends to purchase and rehabilitate the subject property and lease to Alliance Co. and Alliance Door and Hardware, related entities, for their operations. Alliance Co. is a full-service commercial carpentry contractor which was formed in 2005, and Alliance Door and Hardware is a commercial door supplier formed in 2013.

     Type of Incentive: Class 6b

     Estimated: 20 full time jobs retained, 8 construction jobs supported

• Business Name: Panera, Sprint, other commercial tenants

     Project Address: 300 East 162nd Street, South Holland

     Project Description: The applicant owns the subject property and will be occupying vacant property with various commercial uses. Retail strip center with various tenants.

     Type of Incentive: Class 8 Tax Incentive

     Estimated: 50 full-time jobs created, 20 construction jobs supported

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