Cook County Programs

PROPERTY TAX INCENTIVES
Contact: Gwen Thomas, 312.603.5331

Class 6b—Industrial Development
Up to 50 percent reduction in manufacturing, warehousing or distribution company’s total property tax bill for 12 years. Renewable.

Class 6c—Environmental Cleanup and Development
Up to 50 percent reduction in property taxes for 12 years. For commercial and industrial redevelopment of brownfields. May be combined with Class 6b or Class 8 incentives.

Class 7a and 7b—Commercial Development
Up to 50 percent reduction in a company’s total property tax bill for 12 years. For projects in redevelopment areas..

Class 8—Industrial or Commercial Development
Up to 50 percent reduction in a company’s total property tax bill for 12 years. For facilities in areas in need of substantial revitalization.

Class 9—Multifamily residential development
Up to 50 percent reduction in an owner’s total property tax bill for 10 years. Renewable. Available for rental buildings in any area of Cook County.

Class L—Industrial or Commercial Development
Up to 50 percent reduction in property taxes for 12 years. For commercial or industrial rehabilitation of landmark buildings. Renewable.

FINANCING AND GRANTS
Contact Ellisa Johnson, 312.603.1004

Business Loan Fund
Low interest business loans from $25,000 to $300,000. One half of prime rate. No points. Low and moderate-income persons must fill a minimum of 51 percent of jobs.

Industrial Revenue Bonds
Below market financing for industrial expansion. Projects can range from $1 million to $10 million.

Infrastructure Grants
Municipalities request grants for public improvements to support private development.

INTERNATIONAL TRADE
Contact Sidney Salvadori, 312.603.1005

International Trade Partnership Program
Bilateral trade and investment opportunities with companies in partner regions around the world.

European Union Desk
Special matchmaking services for Cook County companies interested in European Union markets, especially the Italian and Irish markets.

Cook County Trade Trends
Chicago-US Customs District export and import data and Illinois export statistics. Custom reports by export or import commodities for leading foreign trade partners.

Matchmaking & Market Information Services
Local market statistics and company profiles. Matching foreign companies with Cook County companies by industrial sector for distribution, strategic alliances, or joint ventures.