Des Plaines lawmakers last week proposed tax incentives for businesses that relocate to the Cook County hamlet.
The Daily Herald Business Ledger reports that the city council "unanimously approved" a resolution that would grant tax breaks to businesses that relocate there and occupy vacant properties. Pretty shrewd stuff.
Mike Bartholomew, Des Plaines community and economic development director, estimates that the occupied properties will be able to crank out more revenue even with the considerable tax cuts.
"They were both vacant so the amount of taxes that were collected on the vacant building is far less than the taxes that would be collected in a fully occupied building at 10 percent,” Bartholomew told the Ledger.
As mentioned above, read more about all this over at the Ledger -- especially on how the city is encouraging companies wishing to migrate to hire Des Plainesians. Wait, is that even a word?
David Wolinsky is a freelance writer and a lifelong Chicagoan. In addition to currently serving as an interviewer-writer for Adult Swim, he's also a columnist for EGM. He was the Chicago city editor for The Onion A.V. Club where he provided in-depth daily coverage of this city's bustling arts/entertainment scene for half a decade. When not playing video games for work he's thinking of dashing out to Chicago Diner, Pizano's, or Yummy Yummy. His first career aspirations were to be a game-show host.