Chemical Plant Will Rise in Stockyards Through TIF, City Land Sale

October 3, 2012


A $13 million chemical manufacturing facility will be developed in the Stockyards Industrial Corridor through financial measures approved today by City Council.

Planned for vacant land at 4100 S. Packers Ave., the 59,000-square-foot complex will manufacture lubricants and other ingredients that are used in a variety of personal care and household cleaning products. It will be developed and operated by Cedar Concepts, the only African-American, woman-owned chemical manufacturer in the country.

Tax Increment Financing (TIF) assistance up to $2.3 million will support the plant’s development. Additional assistance will involve the sale for $1 of an adjacent, 2.4-acre parcel of City-owned land that was recently appraised at $625,000.

“This is a great opportunity to support the expansion goals of an established Chicago manufacturer while reinforcing the diversity of the City’s economy,” Mayor Emanuel said.

Vacant since the 1980s and once part of the Swift meatpacking complex, the site will be improved with a new rail spur that connects the plant with Chicago’s industrial rail network. The two-story facility will be designed to meet Leadership in Energy and Environmental Design (LEED) standards.

The 29-person company will relocate 30 jobs from a nearby facility and add 10 permanent jobs after its completion.

Established in 1990, Cedar Concepts ships more than 50 million pounds of products through more than $10 million in sales every year.



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