Rosemont grants $1.4 million incentive for corporate headquarters relocation

RB Global is relocating its corporate headquarters from Westchester to Rosemont, moving into a 40,000-square-foot office space at the Riverway complex. The village of Rosemont approved a separate agreement providing the company with a $1.4 million economic incentive to offset renovation and furniture costs. The deal requires RB Global to maintain its office presence for 10 years and employ at least 275 people three days a week.

Rosemont officials customarily provide incentives to companies that re-tenant vacant office space, anticipating that the return on investment will generate sales, hotel, and food and beverage tax proceeds. The incentive deal is being used to fuel public and private building projects in the area.