Property Tax Incentive Proposed for Hermosa Candy Wholesaler

December 15, 2021


A renewed property tax incentive for a Hermosa candy wholesale business would help double the size of its full-time workforce under a financial proposal introduced to City Council today by Mayor Lori E. Lightfoot.

The Cook County Class C renewal would reduce property taxes on the approximately 14,000-square-foot site at 4535 W. Armitage Ave. by $113,000 over the next 12 years. The tax savings would enable Stock ‘n Save to complete a $290,000 building improvement project, add up to five new full-time employees and retain four full-time and three part-time positions.

In 2009, a $55,000 environmental contamination project was completed on the site. The building and wholesale business are owned by DLM Real Estate LLC.

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