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Lake County, IL
File #: 25-1019    Version: 1 Name: Economic Incentive Policy
Type: presentation Status: In Committee
File created: 7/28/2025 In control: Financial & Administrative Committee
On agenda: Final action: 7/31/2025
Title: Informational Presentation regarding Lake County Economic Incentive Policy.
Attachments: 1. Lake County Economic Incentive Policy, 2. 15-0820 Resolution Economic Incentive Policy
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Title

Informational Presentation regarding Lake County Economic Incentive Policy.

 

Staff Summary

                     On August 11, 2015, the County Board approved the Lake County Economic Incentive Policy, to establish a framework with guidelines for evaluating economic incentive requests that promote long-term sustainable investment in the county to create jobs, diversify the tax base, enhance public infrastructure, and encourage increased development.

                     The policy allows the County Board to approve requests for economic incentives on a case-by-case basis based on the guidelines established.

                     This presentation will outline the policy and provide its historical use.