Job Retention Incentive Agreement for ILPEA Industries

Galesburg staff recommend a development agreement with ILPEA Industries, Inc. for up to $200,000 in economic development incentives tied to job retention and expansion at the company’s Galesburg facility. The City’s assistance would support maintaining and growing local employment and payroll in coordination with state economic development funding.

Document date · August 17, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Up to $200,000

Contract type

FINANCIAL_SERVICES

Document type

AgendaPacket

Source document

City of Galesburg City Council Agenda Packet 2026-08-17

Related contracts

Other contracts from Ilpea Industries Inc.

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City of Galesburg City Council Agenda 2026-08-17

City of Galesburg City Council Meeting Agenda 2026-08-17

PENDING

City of Galesburg City, IllinoisAug 17, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Galesburg?

Ilpea Industries Inc was awarded this financial services contract by City of Galesburg, as recorded on August 17, 2026. The contract value is Up to $200,000.

How much is the Ilpea Industries Inc contract with City of Galesburg worth?

The Ilpea Industries Inc contract with City of Galesburg is valued at Up to $200,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Galesburg City Council Agenda Packet 2026-08-17 (AgendaPacket), dated August 17, 2026 from City of Galesburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ilpea Industries Inc hold?

Ilpea Industries Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Ilpea Industries Inc's profile

What is City of Galesburg currently buying?

Explore City of Galesburg's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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