Posted by: Patrick Barbanes | December 9, 2008

Republic Windows Feeling More Heat

Share photos on twitter with TwitpicSo, Republic Windows received an incentive to build that window factory in Illinois. Now that they’ve essentially closed that factory, while buying another one and another window company in Iowa, Republic has even more explaining to do (click the quote for a link to the source article):

Flanked by union leaders, more than a dozen (Chicago) aldermen …vowed to hold hearings and explore “every legal option” to force Republic to re-pay $9.3 million in tax-increment financing (TIF) funds used to build the company’s Goose Island plant.

Ald. Joe Moore (49th) said he was incensed to learn Republic executives formed a limited liability corporation that has purchased a plant in Iowa, where labor is cheaper. The TIF subsidy was paid in 2002 and 2003.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: