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Town of Salem Awards Development Agreement Contract to Salem Industrial Enterprises Ii (April 2025)

Town of Salem logoTown of Salem
Approved
Apr 21, 2025

The 30-second brief

What it covers

Council approved a TIF Development Agreement with Salem Industrial Enterprises II, LLC/Aaron Robb to construct a new manufacturing plant on a portion of parcel 11-09-300-029, housing 618 Plastics. The agreement allows for reimbursement on property tax increment (50% for the first 5 years, 30% for the next 3 years) solely for the new structure out of TIF2.

Who holds it

Salem Industrial Enterprises Ii holds this development agreement contract with Town of Salem. Its other public contracts on record include work for New Salem Fire Protection District and City of Salem.

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Contract details

Contract type
Development Agreement
Document date
April 21, 2025
Term
NA
Vendor
Salem Industrial Enterprises Ii
Agency
Town of Salem
Source document
town-of-salem-meeting-minutes-2025-04-21_883.pdf (Meeting Minutes)

Salem Industrial Enterprises Ii's other public contracts

New Salem Fire Protection District, IllinoisSalem Industrial Enterprises to Get TIF Benefits · Apr 21, 2025UndisclosedCity of Salem, ArkansasSalem Industrial Enterprises II gets TIF deal. · Apr 21, 2025UndisclosedSalem Fire Protection District, IllinoisTIF Development Agreement approval for Salem Enterprises · Apr 21, 2025UndisclosedNew Salem Fire Protection District, IllinoisTIF Development Agreement for Salem Enterprises · Apr 21, 2025UndisclosedSalem village, NebraskaNew manufacturing plant to receive property tax incentive · Apr 21, 2025UndisclosedAll Salem Industrial Enterprises Ii contractsVendor profile

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Questions about this contract

Who was awarded the development agreement contract by Town of Salem?

Salem Industrial Enterprises Ii was awarded this development agreement contract by Town of Salem, as recorded on April 21, 2025.

What type of contract is this?

This is a Development Agreement contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in town-of-salem-meeting-minutes-2025-04-21_883.pdf (Meeting Minutes), dated April 21, 2025 from Town of Salem. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Salem Industrial Enterprises Ii hold?

Salem Industrial Enterprises Ii may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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