Your investment and participation is needed to promote Sandwich to investors and business owners and to help create a vision for the furture Sandwich area ecomony. Partnerships are available for $5,000/yr (Platinum Partner), $3,750.00/yr (Executive Partner), $1,000.00/yr (General Partner), Associate Partner ($250.00/yr) and Community Partner ($100.00/yr). The primary benefit is the establishment of a strong diversified economic base. Other benefits include goverenance and policy making, attendance at Board Meetings, participation in groundbreakings, SEDC meeting minutes and the Sandwich Economic Outlook Newsletter
Become a partner in the Sandwich Economic Development Corporation by contacting the SEDC Offices at the SEDC Offices, phone 815-786-6789.
Sandwich city official have worked diligently manage costs and deliver services resulting in the lowest tax rates in the tri-county area. The Sandwich property tax rate is $6.98698 per $100 of assessed valuation, the lowest rate in DeKalb, Kendall and LaSalle counties. Sandwich affords savings of $.60 to $1.25 over communities within a 20 mile radius. For a new 100,000 square foot (sf) industrial building assessed at $24 per sf, the savings could be up to $20,000 per year.
Retailers and industries that generate sales tax and who seek to invest significant resources in building construction, major renovation, water, sewer, street and intersection improvements may request sales tax sharing development agreements for a rebate of a portion of the new 1.00% local sales tax revenue. Generally, communities limit the rebate of sales taxes to 25-50% of the actual new sales tax generated, ensuring that no cannibalization of other existing sales tax occurs and to ensure that the community realizes and new revenue growth.
The City has participated in with state and federal grant programs to assist with necessary public improvements such as the extension of a sewer or water line, construction of a street or intersection or a storm water drainage pond or improvement. The City of Sandwich has limited its participation in infrastructure to costs that can be recovered by new city portion property taxes (and possibly utility taxes) generated by the subject investment during the first five years of operation.
Fast Track Permitting
A key incentive that Sandwich can afford is accelerating the building permit and site grading permit process. Sandwich has issued fast track permits for grading and site work, foundation construction and final building permit for nearly every commercial and industrial project, within two weeks of a complete submittal.
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