Woodworking Company to Build in MortonMonday, August 18, 2008
Morton, IL - Today, the Morton Economic Development Council (MEDC) announced Cornerstone Architectural Concepts will be locating their new headquarters in Morton. "We are excited that Cornerstone Architectural Concepts has selected Morton as their new home," said Jennifer Daly, CEO of the MEDC. "They considered three other communities in the region for their new location and we are thankful they decided Morton was the best place to be."
Cornerstone Architectural Concepts is a custom woodworking operation owned and operated by Jeff Kuykendall. The company was most recently located in the Pekin area, but lost their facility in July due to a fire. "I am excited to be building in my native hometown in an industrial area that gives us the opportunity for immediate expansion as well as future expansion." said Kuykendall. Their new facility will be built on 3 acres of property located at the corner of Route 98 and Flint Street in Morton.
Cornerstone Architectural Concepts employs seven people in the area and continues to grow. They are planning to use local contractors for the construction of their new 23,000 sf building. "One of the primary goals of the MEDC is to support and strengthen our local businesses," said Jim Benckendorf, President of the Morton Economic Development Council Board of Directors. "Jeff's decision to utilize local contractors exemplifies our goals and strategies for the betterment of Morton."
The MEDC worked with the Village of Morton's Board of Trustees on a proposal to recruit Cornerstone Architectural Concepts to the community. Trustees approved a tax abatement of the Village's portion of the company's property taxes for the next 10 years. In return, Cornerstone Architectural Concepts will bring new sales tax dollars, local construction dollars, and job creation to the Village. "The Village is estimated to receive a net gain of over $117,000 just in sales tax dollars for their investment in this company over the ten year period," said Mayor Norman Durflinger. "Supporting this project just makes sense."
Beyond the tax benefits, the MEDC is excited to facilitate the expansion of a company owned by a Mortonite into the community. "Welcoming new companies to our community is always exciting," said Daly. "But, when the company was started by a Mortonite, the project carries an extra dose of excitement for everyone."
Cornerstone Architectural Concepts is the first employer to work directly with the new Morton Economic Development Council to consider a Morton location. The MEDC was created in part to facilitate business recruitment to the area. "We are excited to be the cornerstone of the MEDC working with the Village of Morton to support business development in the community," said Kuykendall.