The City Council unanimously voted to award Chicago Plastic Systems a $10,000 grant during its Tuesday night meeting.
Council members offered the company matching grant funds through the Retail and Manufacturing Job Creation and Investment Grant program.
“It’s fantastic,” company President Leif Heggem said after the vote. “We really feel welcomed here.”
The program was instituted in 2011 as a tool to help attract new businesses, according to city documents. It provides matching grant funding to companies that occupy vacant space, hire new full-time or part-time employees or install eligible furniture, fixtures and equipment.
Chicago Plastic Systems, 440 S. Dartmoor Drive, has been in Crystal Lake for more than 20 years, and it is hoping to relocate and expand its headquarters to 161 S. Virginia Road.
“This will enable the company space to continue expansion and have all business operations at one location,” according to city documents.
In addition to doubling its space, the move will allow for a modernized facility and the hiring of 12 full-time employees.
Mayor Aaron Shepley thanked the company for choosing the city.
“Thank you for growing in Crystal Lake,” Shepley said. “We appreciate it.”
For fiscal 2018, $80,000 is budgeted for the grant program.
This is the fourth application received this fiscal year for the program, “so there are sufficient funds for the grant,” according to city documents.