Tax Incentive Proposed for Roseland Manufacturing Facility
Department of Planning and Development 312.744.9267
Toro Construction Corp. would move into a vacant Roseland industrial complex with the assistance of a Cook County Class 6(b) property tax incentive proposed to City Council today by Mayor Brandon Johnson.
Toro intends to invest $1.02 million into the facility at 407 W. 109th St., which would be used to manufacture wall panels. Vacant since 2018, the complex would employ more than 50 people when work is complete.
The company would save an estimated $260,408 over the 12-year term of the Class 6(b) incentive.
The incentive is intended to encourage industrial development, rehabilitation of existing buildings and repurposing of vacant property and buildings.
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