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Gurnee lauds business growth, cites $1 million in capital grants that spurred $5 million in private improvements
Summary
Mayor Tom Hood celebrated business expansion in Gurnee, credited a village capital-grant program that has awarded $1 million since 2021 and said it produced roughly $5 million in private upgrades, and named new and expanding firms that drove high occupancy at Gurnee Mills.
Mayor Tom Hood used Gurnee’s State of the Village address to highlight a year of business growth and continued economic-development work, saying the village has leaned into recruiting and supporting businesses because it does not levy a real-estate tax.
“We don’t have a real estate tax and we look to other places for our revenue, and that’s our businesses largely,” Hood said, adding the village has about 1,260 businesses. He said the village’s capital-grant program,…
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