Monday night, Rockford City Council approved setting up tax increment financing assistance for Bourne and Koch’s expansion. The assistance will not exceed $827,000.
Bourne and Koch, located at 2500 Kishwaukee, manufactures industrial machines. The company is planning a 3 million dollar expansion which will include additional warehouse and office space. They’re looking to employ 30 new people.
The TIF was approved for several other businesses in the surrounding area.