Tax incentives to grow Elk Grove, Schaumburg businesses
Cook County commissioners have approved Class 6B tax incentive requests for businesses in Elk Grove Village and Schaumburg that will create new jobs and retain existing ones.
One of the incentives will aid the relocation and expansion of operations for Ashland Door Solutions LLC at 185 Martin Lane in Elk Grove Village. The project will create eight full-time jobs, retain 12 existing ones and support three construction jobs.
The other will temporarily ease the property tax burden on Hunter Foundry Machinery Corp at 2222 Hammond Drive in Schaumburg, which plans to invest $530,000 in capital improvements to its property to remain competitive. The project will create five full-time jobs and retain 44 more.
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