Taurus 80Taurus Die Casting is one of three companies to receive the EDGE tax credit for committing to create a total of 87 net new jobs and $27 million in capital investments in Illinois. All three companies considered moving operations to another state but chose to stay and grow in Illinois as a result of the state’s high quality workforce and competitive incentive packages.
Other companies that remained in Illinois include Fabrik Industries, Inc. and Bell Flavors & Fragrances, Inc.
Fabrik Industries, Inc. molds components for automotive, industrial, medical and consumer goods. Fabrik Industries will create 25 new full-time jobs and make capital investments of $5 million, including expansion to a new facility and the purchase of equipment. Fabrik currently employs 264 individuals in full-time jobs and is based in McHenry, Illinois.
Bell Flavors & Fragrances, Inc. creates flavors and fragrances for food, beverage, cosmetics, household products and personal care items. Bell Flavors & Fragrances currently employs 179 individuals at the company’s manufacturing facilities and Research and Development offices in Northbrook, Illinois. Bell Flavors & Fragrances will expand their existing Northbrook facilities with a $10 million capital investment, resulting in the creation of 25 new full-time jobs.
For additional information contact Lyndsey Walters at Lyndsey.Walters@Illinois.gov.