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: Alsip, Elk Grove Village, Northbrook, Palos Hills and Wheeling. 

As a result of redevelopment activities, these incentives should support the creation of an estimated 35 new private sector full-time jobs, retain an estimated 183 full-time jobs and support 70 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: AC & DC Capital LLC, 12828 S. Ridgeway Ave., Alsip
Type of Business:  Import/export distribution
Project Description: Property will be used for importing spices, manufacturing, packaging and distribution of authentic spices and food products.
Type of Incentive: 6b
Estimated:  10 full time jobs created; 9 jobs retained; 10 construction jobs supported

Business Name: 1055 Arthur. LLC, 1055 Arthur Ave., Elk Grove Village
Type of Business: Leasing company
Project Description: The applicant intends to lease the subject property to a general contractor, construction management and carpentry company.
Type of Incentive: 6b
Estimated:  1 full time jobs created; 45 jobs retained; 15 construction jobs supported

Business Name: JI Realty Company, LLC, 1919 Stanley St., Northbrook 
Type of Business: Warehouse/distribution 
Project Description: The applicant will occupy the subject property for warehousing and distribution of parts used in the aviation industry.
Type of Incentive: 6b
Estimated:  4 full time jobs created; 26 jobs retained; 20 construction jobs supported

Business Name: Carousel Holdings, 11152 Southwest Highway, Palos Hills
Type of Business:  Manufacturing/distribution 
Project Description: Applicant is expanding and moving its entire manufacturing, printing, warehousing and distribution of paper checks operation to new location.
Type of Incentive: 6b
Estimated:  20 full time jobs created; 81 jobs retained; 5 construction jobs supported

Business Name: OWS Enterprises, Inc., 65 Century Drive, Wheeling
Type of Business: Warehouse/distribution  
Project Description: 6b
Type of Incentive: The applicant will occupy the subject property for warehousing and distribution of its metal erection and welding company.
Estimated:   22 jobs retained; 20 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.