A trio of Class 6(b) property tax incentives will support industrial expansion projects in Humboldt Park, the Near West Side, and the Lower West Side under plans approved today by City Council.

Chicago Oriental Wholesale Market, Inc.
Chicago Oriental Wholesale Market Inc. will construct a 50,000-square-foot distribution warehouse at 1902 S. Lumber St. through a property tax incentive valued at $699,000 over the next 12 years. The company, which employs 35 workers, distributes wholesale groceries and specialty items to independent grocers and restaurants. The $7.6 million project will enable the company to add 25 full-time positions.

Freedman Seating Co.
Freedman Seating Co. will renew an earlier property tax incentive for a 165,000-square-foot industrial building at 4545 W. Augusta Blvd., saving an additional $1.3 million over the next 12 years. The 112-year-old company employs 550 people and makes vehicle seating and related products. It recently invested $17 million in the property.

Ogden Partners
Ogden Partners’ $1.7 million acquisition and rehabilitation of industrial properties at 1621-25 W. Carroll St. will be supported by a tax incentive valued at $140,000 over the next 12 years. The flower and gifts distribution firm recently added eight new jobs at the location.

Made available through Cook County, the Class 6(b) incentive encourages industrial development by offering reduced property tax rates for eligible rehabilitation and construction projects.

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