Bellwood Grants Tax Breaks, Could Lure Food Production Company

Sunday, September 20, 2019 || By Igor Studenkov || @maywoodnews

Featured image: An aerial view of buildings at 62 Davis Drive and 5303 St. Charles Road in Bellwood that Brett Anthony Foods is seeking to renovate with the help of property tax breaks. | LoopNet

The Village of Bellwood Board of Trustees voted unanimously on Sept. 18 to support granting Class 6(b) property tax incentives to a hat manufacturer and a food production business that wants to buy two properties in the village in order to expand its operations.

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State Approves New Enterprise Zone That Will Span Maywood, Bellwood, Broadview, Melrose Park

Thursday, September 19, 2019 || By Michael Romain || @maywoodnews

Last month, state officials announced that the Illinois Enterprise Zone Board approved 14 proposals for renewed or newly established enterprise zones across the state — including one in Proviso Township that will encompass Maywood, Bellwood, Broadview and Melrose Park.

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Speedway Gas Station Could Be Headed To Bellwood’s 25th Avenue Corridor

Friday, August 30, 2019 || By Igor Studenkov || @maywoodnews

Featured image: A Speedway gas station pictured on the company’s website. | Speedway

During a regular meeting on Aug. 21, the Bellwood Board of Trustees approved a tax incentive for Speedway LLC, which is looking to develop a gas station on 25th Avenue in Bellwood. As part of the incentive, the gas station would temporarily keep the part of the motor fuel tax revenue that would normally go to the village. Once that non-taxable revenue reaches $3.6 million, the village will be able to collect the diesel tax.

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