CHICAGO-An $18.3-million project will more than triple the size of the Keebler Co.’s ice cream cone production facility on the city’s South Side. With the potential to add another 75 jobs to the factory’s work force of 321, the city chipped in with a tax increment financing of about $2 million to keep the city from moving its 400 jobs to the suburbs or across the state line.

The division of Kellogg Co. now operates a 78,000-sf cone factory at 10839 S. Langley Ave. in the Pullman neighborhood. The company plans to buy a 75,000-sf warehouse at 110th Street and Langley, then add 114,000 sf to link the two buildings.”Combining these two plants to create a larger, more efficient, more capable plant is a significant step forward in our growth plans,” says Kellogg Co. Chairman and CEO Carlos M. Gutierrez.

In addition to the city’s TIF package, Keebler also will seek a Cook County class 6(b) property tax incentive and enterprise zone sales tax abatements that could be worth $1.1 million. The money became available after the company called the city’s department of planning and development’s Business Express program.

“I’m thrilled that Keebler will stay in the Pullman Industrial Corridor, in my ward, where it can find an enthusiastic local workforce, great access to transportation and strong support for industry,” says 9th Ward Alderman Anthony Beale.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.