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

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Bedford Park-based Chicago Pallet Service IL, set to close one of their two locations.  Chicago Pallet currently has two other locations in Elk Grove Village and the Village of Maywood.

COOK COUNTY |  Cook County Commissioners today approved three 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:  Bedford Park, Elk Grove Village, and Franklin Park.

 As a result of redevelopment activities, these incentives should support the creation of an estimated 15 new private sector full-time jobs, retain an estimated 35 full-time jobs and support 66 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: Chicago Pallet Service IL, Inc., 5133 West 66th St., Bedford Park

Type of Business: Manufacturing and recycling of pallets

Project Description: Applicant owns two other sites, in Elk Grove Village and Maywood and intends to sell one of them. Chicago Pallet Service IL, Inc. will occupy the subject property for the manufacturing and recycling of pallets.

Type of Incentive: Class 6B

Estimated: 10 full-time jobs created; 15 full-time jobs retained; 22 construction jobs supported

·         Business Name: Synergy Mechanical Solutions and second tenant (TBD), 55 North Lively Blvd., Elk Grove Village

Type of Business: A warehouser and distributor of HVAC equipment

Project Description: The applicant formerly leased a 6,000-square-foot space in Elk Grove Village and will be relocating and expanding to the subject property to occupy 7,410 square feet of the space and lease the remaining 4,600 square feet to another industrial user

Type of Incentive: Class 6B

Estimated:  4 full-time jobs created; 8 full-time jobs retained; 34 construction jobs supported

·         Business Name: ALGelato Chicago, 3220 Mannheim Road, Franklin Park

Type of Business: Dairy product production plant

Project Description: Substantial upgrade and remodeling to convert building into a commercial grade dairy product production plant. The applicant plans to lease the subject property to a related entity, ALGelato Chicago, to produce gelato and sorbet products.

Type of Incentive: Class 6B

Estimated: 1 full-time job created; 12 full time jobs retained; 10 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.

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