Illinois makes tax-break deals with 3 companies

Nov 25, 2015

SPRINGFIELD, Ill. (AP) - The Illinois Department of Commerce says it has reached tax-break deals with three companies following Gov. Bruce Rauner's recent decision to reinstate corporate tax incentives.

The deals through the EDGE tax-credit program, though, would not provide tax incentives until Rauner and Illinois lawmakers agree on the overdue state budget.

 The department did not provide the size of the tax breaks the companies would receive. Under the deals announced Tuesday, Fabrik Industries Inc. of McHenry would add 25 new jobs and invest $5 million. The company now employs 264 people. Bell Flavors & Fragrances Inc. of Northbrook would add 25 jobs to its 179-employee workforce and invest $10 million. Taurus Die Casting would add 37 jobs and invest $6.4 million at the Rockford facility where it now employs 268 people.