Cook County issues tax incentives to spur growth
From cleaning to construction, regional enterprises from various industries spanning seven jurisdictions have gained approval from Cook County commissioners to sustain jobs through redevelopment incentives, the county government announced recently.
Stimulating 112 new full-time jobs in the private sector and retaining approximately 324 existing positions, the authorization from Cook County’s Bureau of Economic Development will enable growth and stability for businesses in Chicago, Elk Grove Village, Lansing, Oak Forest, Schaumburg, Schiller Park, and Summit.
"I’m pleased that we are able to use our tax incentive tools to either keep or expand manufacturing businesses in Cook County,” Cook County President Toni Preckwinkle said, noting that three of the enterprises involve manufacturing and machinery work.
The businesses include Stanley Steemer and Trane in Chicago, providing residential cleaning services and HVAC systems, respectively; Ashland Door Solutions of Elk Grove Village, a distribution, warehousing and manufacturing company; and Planet Fitness in Lansing, in the health and fitness field.
Additionally, John Amico Showroom and Business Resource Center, a distributor of beauty industry goods; Hunter Foundry Machinery Corp.; Avers Machine and Manufacturing; and Talerico Martin Bakery will attain enough backing to sustain and retain many jobs.
Incentives for Amico and Hunter are temporary and not renewable, according to the county’s website.