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Village approves incentive to bring Consolidated Electrical Distributors headquarters to Bensenville
Summary
The board approved an economic incentive agreement to attract Consolidated Electrical Distributors (CED) to Bensenville; staff said CED selected Bensenville as its new home for the next 20 years based on the negotiated agreement.
The board approved an ordinance authorizing an economic incentive agreement with Consolidated Electrical Distributors, which staff said previously operated in Bensenville (as F & G Electric), moved to Elk Grove Village, and is now returning. Staff recommended approval on the basis that the new building in Bensenville is larger and costlier to develop than other options the company considered.
A trustee summarizing the negotiation said, "At the end of the negotiation, CED selected Bensenville for its new home for the next 20 years, based on this economic agreement." Staff recommended adoption of the ordinance and the board voted in favor by roll call. Trustees welcomed the company to the village and gave officials an opportunity to speak briefly at the meeting.
