A property tax incentive introduced to City Council today by Mayor Lori E. Lightfoot would enable a long-time Brighton Park steel facility to upgrade its processing plant.

Siegal Steel would use the Cook County Class 6(b) property tax incentive to invest $2.8 million in its facility on the 4700 and 4800 block of South Kedzie Avenue, where it has manufactured metal components for lawnmowers, harvesting equipment, and other products for more than 60 years.

The incentive would reduce property taxes on the site by approximately $540,110 over the term of the 12-year incentive period.

The incentive would help preserve the company’s 49 full-time workers.