Cook County Board Approves Eight Tax Incentives Designed to Support Economic Growth
Cook County Commissioners today approved eight 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: Chicago, Des Plaines, Elk Grove Village, Lyons, McCook, South Holland and Wheeling.
As a result of redevelopment activities, these incentives should support the creation of an estimated 124 new private sector full-time jobs, retain an estimated 623 full-time jobs and support 80 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: Kehoe Designs, Inc., 2555 S. Leavitt Ave., Chicago, Illinois
Type of Business: Event design and decor.
Description: The applicant is relocating, consolidating and expanding from multiple locations to the subject property. They will lease with the option to purchase.
Type of Incentive: Class 6b
Estimated: 48 full time jobs created; 95 full-time jobs retained; 20 construction jobs supported
• Business Name: W. Diamond Group, 901 E. Oakton St., Des Plaines
Type of Business: Clothing manufacturing
Description: The applicant plans to lease the subject property to an industrial user for industrial use-manufacturing, distribution and light assembly.
Type of Incentive: Class 6b – TEERM (Temporary Emergency Economic Recovery Modification
Estimated: 350 full-time jobs retained.
• Business Name: DB CI II, LLC, 1855 Greenleaf Ave., Elk Grove Village
Type of Business: Leasing for machine warehousing and distribution
Description: Applicant will lease the property to a related entity, Basic Crafting, Inc., for machine warehousing and distribution.
Type of Incentive: Class 6b
Estimated: 3 full-time jobs created; 40 jobs retained; 5 construction jobs supported.
• Business Name: Atlas Tool & Die Works, 4633 S. Lawndale Ave., Lyons
Type of Business: Tool and die manufacturing
Description: The applicant is a full service precision manufacturer which provides specialized machinery.
Type of Incentive: Class 6b SER (Sustainable Emergency Relief)
Estimated: 18 full-time jobs created; 71 Jobs retained; 7 construction jobs supported.
• Business Name: Denton Cartage Company, Inc., 7701 West 47th St., McCook
Type of Business: Provides full service intermodal carrier services
Description: Incentive will allow substantial rehabilitation of subject property.
Type of Incentive: Class 6b – Class 6b SER (Sustainable Emergency Relief)
Estimated: 18 full-time jobs created; 49 jobs retained; construction jobs supported to be determined.
• Business Name: Salta, LLC, 16929 State St., South Holland
Type of Business: Leasing company
Project Description: The applicant has owned subject property since 2014 and is leasing to a new tenant, Traffic Control Company, which services traffic lights and signs.
Type of Incentive: Class 8 – TEERM (Temporary Emergency Economic Recovery Modification)
Estimated: 20 full-time jobs created; 5 full-time jobs retained.
• Business Name: Rose Property Partners, 270 Larkin Drive, Wheeling, Illinois
Type of Business: Warehouse and distribution
Description: Warehouse and distribution of pest control products.
Type of Incentive: Class 6b
Estimated: 2 full-time jobs created; 18 jobs retained; 15 construction jobs supported.
• Business Name: VK 504 Glenn LLC, 500 Glenn Ave., Unit 2 & 3, Wheeling, Illinois
Type of Business: Commercial space management
Description: Applicant has purchased subject property and is seeking to lease to Worldpac Inc., a subsidiary of Advanced Auto Parts. Worldpac Inc., distributes original equipment and replacement parts to specialty import and domestic service centers. The company has more than 100 U.S. locations and four other locations in Cook County.
Type of Incentive: Class 6b
Estimated: 15 full-time jobs created; 33 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.