Primrose, a 73-year-old company that has been at its current location since 1966, will save $20 million over 20 years in interest as a result of the industrial revenue bond.
"The candy industry is an important player in the region's economy, providing good jobs for Chicagoans," says Mayor Richard M. Daley, pointing to 170 current and 16 potential new jobs at the candymaker.
The financing proposal is expected to be passed by the city council later this month.
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