Case Study: Peerless Industries Inc.
The DuPage County Economic Development Committee agreed on Tuesday, March 16, 2010 to move forward with a proposal that would bring over 800 new jobs to DuPage County, many of which are currently located in China. The jobs would be created as the result of Peerless Industries, Inc. relocating to DuPage County from Melrose Park in Cook County. The full County Board followed suit and on Tuesday, March 23, 2010 and passed an inducement resolution paving the way for the issuance of the County’s first Private Recovery Zone Facility Bond. Continue reading