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...
...moreKen Notes: Perfect 10% over ten years, we need to upgrade out TIF legislation to reflect what actually works in our communities....
Share this article on you social outlets
Our Sponsors
- - Volume: 7 - WEEK: 22 Date: 5/30/2019 8:59:33 AM -