LSL Industries plans to expand its operations into a vacant industrial building on Dempster Street in Evanston.
The minority-owned medical supply manufacturing firm now employs 60 people at its 40,000-square-foot facility at 5535 N. Wolcott Ave. in Chicago.
Owner Ash Luthra says he hopes to add about 20 new workers at the 30,000-square-foot building at 2025 Dempster St.
The building on Dempster has been vacant for over three years after LaSalle Bank foreclosed on a mortgage it held on the property.
The city’s Economic Development Committee Wednesday approved LSL’s request for a property tax reduction to help cover the cost of an estimated $200,000 in environmental cleanup work at the site.
The building reportedly has several underground fuel storage tanks as well as asbestos hazards.
Luthra says the building also needs electrical and plumbing upgrades, roof repairs and general renovation work.
He said he plans to hire Evanston residents for many jobs at the new plant and will work to set up vocational training opportunities at Evanston Township High School.
The tax break the company is seeking would cut its property tax bill roughly in half for the first 10 years it owns the building.
LSL, incorporated in 1985, makes a variety of plastic disposable medical devices and various other supplies and sells to government agencies, private hospitals and long-term care facilities.