A South Chicago packaging manufacturer will expand its workforce through a property tax incentive approved by City Council today.

The Class (6)b incentive will help Paket Corp. add five jobs and maintain 71,000 square feet of manufacturing space at 9165 S. Harbor Drive by lowering the property tax rates on the facility for the next 12 years. Total tax savings are estimated at $343,000.

Founded in 1957, the 63-person company makes tubes, tubs, cans and bottles for use with cosmetics, foods and various household products.

“Our goal is to strengthen neighborhoods by supporting programs that help businesses stay competitive and improve the local economy,” Mayor Rahm Emanuel said.

The incentive, available through Cook County, will renew an earlier property tax incentive that helped the company rehabilitate the facility for modern industrial uses.

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