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GEDC says companies met incentive commitments; one abatement remains on hold
Summary
Andrea Hogan of the Grundy County Economic Development Council presented the annual incentive compliance report, saying companies met or exceeded their commitments; one tax abatement is on hold pending assessor or state's attorney review; Procter & Gamble reported direct employees and third-party logistics operators (3PLs).
Andrea Hogan, speaking for the Grundy County Economic Development Council, presented the council’s annual compliance report on county incentive agreements and told the Election, Tax and Tech Committee that companies subject to incentives had met or exceeded their obligations.
"We're pleased to report that all companies have met or exceeded their compliance obligations, and you can look a little bit more in-depth in the summary compliance report that we provided to you all," Andrea Hogan said. Hogan said the GEDC collects employer-reported data on employment, wages and benefits each year to verify compliance with incentive agreements.
Committee members asked about one abatement the county is holding pending further review. Hogan said the GEDC is not a party to those conversations and that follow-up must be directed to the assessor or the state's attorney’s office; she said that abatement is currently on hold. "We actually have to go to the assessor or the state's attorney's office to get a little bit further information. But at this time, that abatement is on hold," Hogan said.
Committee members also asked about how Procter & Gamble figures are reported. A GEDC representative identified as Nancy explained that Procter & Gamble reports both direct employees and staff employed by third-party logistics firms that operate on site (3PLs). "Procter and Gamble, they have some what I call direct employees and then third party logistics facilities, they have what are called 3PL firms that come in and run their facilities," Nancy said. She added that the combined totals for direct employees and 3PLs exceeded expectations.
No formal committee vote followed the report. Hogan said a more detailed summary compliance report had been provided to committee members and that GEDC staff would answer follow-up questions.
The report describes the GEDC’s role in monitoring incentive agreements but does not include specific company-level wage or employment figures in the committee session; the summary compliance report supplied to the committee contains additional details.
