The City Council has approved support for a Class 6(b) tax incentive for the property located at 2841 S Ashland Ave. This incentive is aimed at promoting industrial development by offering reduced property taxes, which will encourage job creation and economic revitalization in the area.
This Class 6(b) tax incentive is essential in supporting industrial growth, creating jobs, and revitalizing underutilized areas. It aligns with Chicago’s economic development goals and helps drive sustainable growth in key industrial zones.