$3.5 million incentive helps keep family business in Antioch

A third generation family business will stay in Antioch and expand in a new facility with the help of a $3.5 million village incentive.

The agreement, unanimously approved last week by village trustees, ensures Fischer Paper Products Inc., which was founded and began operating in Antioch in 1972, will remain a corporate resident for decades...

...The agreement calls for the village to provide a not-to-exceed amount of $3.5 million in property tax rebates during about a 10-year period. Fischer will buy nearly 17 acres and build a 165,000-square-foot facility -- with room to expand to 300,000 square feet -- in a $34.75 million project at the Antioch Corporate Center...
   ...more

Ken Notes: Perfect 10% over ten years, we need to upgrade out TIF legislation to reflect what actually works in our communities....



- - Volume: 7 - WEEK: 22 Date: 5/30/2019 8:59:33 AM -