Romeoville Village Board approves tax sharing, development deal for local brewer
Alex Ortiz | 8/24/2016, 11:29 a.m.
The Romeoville Village Board has approved a resolution that will authorize the Village to enter into a sale tax sharing and development agreement with Metal Monkey Brewing.
The agreement includes a 50 percent sales tax rebate for five years beginning on September 1.
During that time it is estimated that the business will generate about $100,000 in sales taxes. So the village would pay an estimated $50,000 rebate over those five years.
“They’re doing well,” Mayor John Noak said. “But they need to grow in order (to expand) and get even better and we want to promote a local business like this.”
Trustee Sue Micklevitz praised the resolution for being supportive of local businesses in a time of large chain stores and restaurants continuing to grow.
Noak remarked that Metal Monkey Brewing was one of the businesses that helped inspire reinvestment in Romeoville businesses. This is part of a larger plan to further development of the village’s east side, especially after the opening of the Edward Hospital Athletic and Events Center in 2014.
“I think this is an opportunity for us to expand a homegrown Romeoville business,” Noak said. “And ultimately the village will do better if they do better.”
Metal Monkey Brewing opened earlier this year at 515 Anderson Drive on Romeoville’s east side near Route 53.
Photos by Brock A. Stein