The Pekin City Council is being asked to provide tax increment financing dollars to cover some of the costs to develop a $12.7 million cannabis growing and processing plant in the city.
Staff is recommending the elected leaders approve using up to $500,000 from the Southern Industrial Park TIF district to aid Riverway Craft Growers.
The company plans to create 50 or more full-time jobs, in addition to 50 or more union construction jobs, according to the city staff's report to the council.
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