Kane County Awards Tax Credits Contract to Richardson Electronics (September 2025)
Kane CountyCounty · Geneva, IL- Disclosed value
- $8.6M
- From minutes
- Approved
- Sep 12, 2025
- Term
- 20 years
The 30-second brief
Richardson Electronics Ltd. is set to receive an estimated $8.6M in tax credits over 20 years under the Re-Imagining Energy and Vehicles in Illinois program. The company will retain 190 employees and create 54 new jobs, focusing on developing next-generation energy storage products.
Richardson Electronics holds this tax credits contract with Kane County. Its other public contracts on record include work for Marietta City School District.
Term as filed: 20 years.
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Contract details
- Contract type
- Tax Credits
- Amount
- $8.6M
- Document date
- September 12, 2025
- Term
- 20 years
- Vendor
- Richardson Electronics
- Agency
- Kane County
- Source document
- kc_jobs_committee_meeting_minutes_sept_2025.pdf (Minutes)
Richardson Electronics's other public contracts
More Kane County contracts
Questions about this contract
Who was awarded the tax credits contract by Kane County?
Richardson Electronics was awarded this tax credits contract by Kane County, as recorded on September 12, 2025. The contract value is $8.6M.
How much is the Richardson Electronics contract with Kane County worth?
The Richardson Electronics contract with Kane County is valued at $8.6M, covering tax credits work.
What type of contract is this?
This is a Tax Credits contract, documented as a minutes record.
Where was this contract approved?
This contract appears in kc_jobs_committee_meeting_minutes_sept_2025.pdf (Minutes), dated September 12, 2025 from Kane County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Richardson Electronics hold?
Richardson Electronics may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Kane County currently buying?
Explore Kane County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.