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The original item was published from 3/31/2016 10:38:00 AM to 7/18/2016 12:00:02 AM.

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Economic Development

Posted on: March 17, 2016

[ARCHIVED] Business District Approved for Amperage Electrical Supply Expansion


To assist Roselle-based Amperage Electrical Supply in its aggressive expansion plan, the Village Board approved the establishment of a Business District on the property at its February 22 meeting. The agreement allows Amperage to charge an added sales tax of 0.5 percent to provide redevelopment funding. In addition to the establishment of the Business District, the Village is also able to assist Amperage with funds from the recently established Irving-Central TIF.

A Business District is an economic development tool that promotes redevelopment by allowing the owner of a property to self-impose an added sales tax, up to 1 percent. The funds from the added tax are funneled back into the site for redevelopment projects for the 23-year duration of the Business District. A positive element of this tool is that it does not impact any of the other taxing bodies in Roselle.

Amperage Electric Supply
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