Seven Chicago businesses will save $20 million in property taxes through Cook County incentives approved by City Council today.

Freedman Seating, 4533 and 4545 W. Augusta Blvd., 4500 W. Chicago Ave.
The family-owned Humboldt Park seat maker was approved for a pair of Class 6(b) property tax incentives that will support a $23 million renovation of three industrial buildings consisting of 642,000 square feet. Valued at $638,220 over the 12-year period, the incentives will help retain and create more than 725 full-time jobs.

Moovers Chicago, 5201 W. Grand Ave.
The Northwest Side moving company was approved for a Class 6(b) property tax incentive as part of a $3 million renovation of its 53,000-square-foot Belmont Cragin headquarters. Valued at $934,968 over the 12-year period, the incentive will help retain and create up to 100 full- and part-time jobs. The company is currently located in North Park.

Cougle Foods, 2841 S. Ashland Ave.
The Lower West Side poultry purveyor was approved for a Class 6(b) property tax incentive due to a recently completed renovation of a 37,000-square-foot processing plant that accommodated its 2021 relocation from Fulton Market. Valued at $2.8 million over the 12-year period, the incentive will help retain and create up to 130 full-time jobs.

Paket Corp., 9165 S. Harbor Ave.
The South Chicago packaging manufacturer was approved for a Class 6(b) renewal that will support the rehabilitation of an 11,600-square-foot laboratory building. Valued at $984,219 over the 12-year renewal period, the incentive will help the company retain and create 94 full- and part-time jobs.

NorthPoint Development, 126th Street and Carondelet Avenue
South Deering’s Ford supplier campus was approved for a Class 6(b) renewal to support $13.2 million in completed and planned improvements involving six tenants that employ nearly 2,600 people. Property taxes on the 1.6 million-square foot complex, owned by NorthPoint Development, will be reduced by $14.5 million over the 12-year renewal period.

Graymont Properties, 1621-25 W. Carroll Ave.
The Near West Side real estate firm was approved for a Class 6(b) renewal to support $1.3 million in completed improvements at its 17,000-square-foot headquarters. Valued at $583,682 over the 12-year renewal period, the incentive will help create and retain more than 135 full-time jobs.

Diaz Group LLC, 5100 S. Damen Ave.
The New City landscaping and snow removal company was approved for a Class 7(a) property tax incentive to support the completed $512,000 restoration of a former bank as its new headquarters. Valued at $217,017 over the 12-year period, the incentive will help retain and create more than 470 full- and part-time jobs.

The Cook County Class 6(b) and 7(a) property tax incentives are intended to encourage the revitalization of underutilized commercial and industrial properties.