Bail out for Tri-County Regional Planning gets ok

By WEEK Producer

February 27, 2014 Updated Feb 27, 2014 at 12:02 PM CDT

PEKIN, Ill. -- Tazewell County is joining Peoria and Woodford counties in bailing out the Tri-County Regional Planning Commission.

Tazewell County Board members unanimously approved the $100,000 in assistance to save the organization from a financial crisis.

The board also approved a new economic development incentive policy that depends on the size of the company and the number of jobs created.

"We'll wave all the property taxes on that piece of property for 3, 5, 7 years depending on their investment and the number of jobs created. The jobs that are created are at 130-percent of the median income of Tazewell County," said Chairman of the Board David Zimmerman.

Over the last month, the prevailing wage policy was contentious.

The county will also waive permitting fees.

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