ROCKFORD, Ill. (WTVO) — The Rockford City Council voted on Monday to approve a $250,000 incentive for Rockford Brake Manufacturing, aiming to breathe new life into the city’s oldest foundry.
The incentive, funded by Rockford’s Casino Economic Development Fund, targets areas with economic distress, channeling casino revenue into deals that promote long-term investment and job growth.
Rockford Brake plans to occupy the historic Gunite facility at 302 Peoples Avenue, reopening the 619,000-square-foot factory to manufacture brake drums…