TIF Approved For New Pullman Factory
One of the country’s fastest-growing home and personal care products companies will establish a $39 million manufacturing facility in Pullman through financial assistance approved today by City Council.
Planned for 21 acres of vacant land near 111th Street and Ellis Avenue, the 150,000-square-foot facility will be used to manufacture a variety of non-toxic consumer products under the Method brand. It will employ 65 company workers and 25 workers affiliated with a leading Method supplier.
“It’s entirely appropriate that a fast-growing and environmentally conscious company like Method would choose a traditional manufacturing setting like Pullman for this kind of project,” Mayor Emanuel said. “The infrastructure, the transportation resources, and the workforce are all in place for a very successful manufacturing operation.”
City support will include $8.1 million in Tax Increment Financing (TIF) assistance, which would be used for site preparation costs by Chicago Neighborhood Initiatives Inc., the facility developer. An additional $800,000 in TIF assistance will be provided to Method for job training.
Founded in 2001 and based in San Francisco, Method is a certified B Corporation that aligns environmental and social benefits into its business plan. Sustainable portions of the facility would include solar panels, a wind turbine, rooftop green house, and a new rail spur.
With more than $100 million in sales in 2012, Method products are produced by suppliers and contract manufacturers. The Pullman factory will be the first to be owned and operated by the company.
Method Co-founder Adam Lowry said Pullman’s rich industrial heritage will provide “a fitting backdrop to an inspiring new model for urban renewal and sustainable manufacturing.”