Upper Illinois River Valley Development Authority

Funded Project Profiles

Company: Clover Technologies

Location: Ottawa, Illinois

Amount of Bond: $3,000,000

Interest Rate: 5.2% tax-exempt

Jobs: 100 jobs

Type of Project: Manufacturing

Bond Issued: July 2000

Project Overview

In July of 2000, the Authority issued a $3,000,000 tax exempt industrial revenue bond for the compnay to establish a facility for the remanufacturing of lazer printer cartridges. The company, established in 1996, purchased the former 92,000 sq ft Nakajima building in Ottawa, Illinois. The project included the purchase the building and equipment, created 75 new and retained 25 jobs. Illinois Valley Computer Supplies, LTD, (IVCS) known as Clover Business Supplies started in a storefront building in Marseilles, Illinois and prior to the project operated in a 40,000 sq. ft .building in Marseilles. The company specializes in the remanufacturing of laser printer cartridges which are sold to regional and national resellers.

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Company:	Clover Technologies
Location:	Ottawa, Illinois
Amount of Bond:	$3,000,000
Interest Rate:	5.2% tax-exempt
Jobs:	100 jobs
Type of Project:	Manufacturing
Bond Issued:	July 2000
Project Overview
In July of 2000, the Authority issued a $3,000,000 tax exempt industrial revenue bond for the compnay to establish a facility for the remanufacturing of lazer printer cartridges. The company, established in 1996, purchased the former 92,000 sq ft Nakajima building in Ottawa, Illinois. The project included the purchase the building and equipment, created 75 new and retained 25 jobs. Illinois Valley Computer Supplies, LTD, (IVCS) known as Clover Business Supplies started in a storefront building in Marseilles, Illinois and prior to the project operated in a 40,000 sq. ft .building in Marseilles. The company specializes in the remanufacturing of laser printer cartridges which are sold to regional and national resellers.