The building at 250 N. Mannheim Rd. in Hillside, which could become the site of Hillside newest TIF district. | File
Friday, January 6, 2023 || By Michael Romain || @maywoodnews
The village of Hillside is exploring the creation of a new Tax Increment Financing (TIF) district to spur the planned expansion of a local manufacturing company. The village will hold a public hearing on the proposal next week.
The proposed North Mannheim Road Redevelopment Project TIF district would be at 250 N. Mannheim Rd. in Hillside, located directly behind Dynamic Manufacturing Inc., a supplier of new and remanufactured auto parts at 4201 Raymond Dr. in Hillside.
Dynamic purchased the 10-acre, 181,000-square-foot property last year and is looking to remodel the interior to expand its operations, Hillside Village Administrator Joe Pisano confirmed on Jan. 6.
“They have a new product line they were able to attain for the work they do with transmissions for Chrysler, Ford and a few military contractors,” Pisano said. “They’re expanding their operation with new equipment for that product line and looking to add about 130 employees.”
An attempt to contact Dynamic on Friday morning was unsuccessful.
Hillside currently has two TIF districts: Hillside-Mannheim and Hillside-Roosevelt Road. The Hillside-Mannheim TIF spans roughly 169 acres west of Mannheim Road. It stops less than a block shy of 250 N. Mannheim Rd.
If the 250 N. Mannheim property becomes a TIF district, Dynamic would be positioned to earn a range of tax incentives designed to spur economic development in blighted areas.
The public hearing will be on Jan. 11, 7:30 p.m., in the Board Room at Village Hall, 425 Hillside Ave. in Hillside.
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