Jun 30, 2009
Jun 26, 2009
A major corporation is conducting a search for a location to establish a factory to manufacture electrical machinery. Illinois is one of approximately six states under consideration for the project. The other states are east of Illinois. The company plans to construct a 180,000 sq. ft. plant on a 16 acre site. Anticipated employment in year 2 is 190 and in year 4 - 350 while planned capital investment is $70 million.
Ø Not more than approximately 30 miles from a Port or barge terminal site with a lifting capacity of 800,000 pounds - a 400 ton crane or two 200 ton cranes. The company is not interested in bringing in the cranes. Thus, port/barge terminal must be able to provide the service. However, a site at a port or barge terminal will probably not work for this project for the following reasons:
· the facility must be above the river to avoid floods,
· the site must allow equipment to operate 15' to 18' below the shop floor level, and
· have no underground water stream
Ø Rail service between the facility and a port/barge terminal is required. Also, the rail line should be connected to a regional railway network.
Ø Quick access to a major highway with no bridge underpasses along the access road or highway. Their trucks are not likely to make it under a bridge. Also, access roads and highways must allow for truck weights of 350 tons. Truckloads of 350 tons per year will be infrequent - approximately ten per year, but there will be a number of other loads of approximately 100 tons.
Ø The site must be level or flat and preferably composed of clay
Ø Within 100 miles of a university with an electrical engineering program. The facility will employ a significant number of electrical and mechanical engineers.
Ø Stable workforce - It is very important to the company to locate in an area where they can attract and retain engineers, skilled production operators and administrative staff. At full operation in year four 350 people comprising 230 production workers and 120 highly qualified managers, engineers, technicians and professional staff will be employed at the facility. If there is a training institution nearby that may be well prepared to address the training needs of the production workers, that would be helpful information.
· Power necessary: 15 MVA maximum
· No water is used for in the manufacturing process
· No natural gas is used in the manufacturing process
Attached is a site selection questionnaire for interested communities with a site meeting the above criteria. The section requesting labor cost data may raise some questions. Here is some guidance -
o IDES wage rate data is acceptable. Median average wages should be provided for the following OES occupations:
§ 51-2022: Electrical and Electronic Equipment Assemblers
§ 51-2023: Electromechanical Equipment Assemblers
§ 51-0000: Production Occupations
§ 51-1011: First Line Supervisors/Managers of Production and Operating Workers
§ 43-5071: Shipping, Receiving and Traffic Clerks
o The phrase "direct qualified workers" means operational people who actually build the equipment, which relates to the first three occupations listed. The phrase "indirect qualified workers" means operational people who do not directly build the equipment but participate in the overall process (supervisor of 'direct workers', logistics specialists, ...). However, "indirect" does not include the general staff (finance, legal,...).
The company is not interested in an existing building due to specialized requirements and work process flow. Also, they plan to construct their facility to LEED standards.
Investment Decision - October 2009
Start construction - January 2010
Start production - August 2011
Production reaches full capacity - October 2014
For interested communities with qualified sites, please submit a completed site questionnaire along with any other pertinent information to email@example.com by Monday, July 6, 2009.
Thank you in advance.
Economic Development Representative
IL Dept. of Commerce and Economic Opportunity
100 W. Randolph St., Suite 3-400
Chicago, IL 60601
Jun 25, 2009
Hospitality Improvement Zone
City of Peoria Sales Tax Rate
The Illinois Department of Revenue (IDR) sent an informational bulletin to ALL taxpayers located in the City of Peoria of a sales tax rate change for the City of Peoria on 7/1/09. It was for businesses located “Inside the Hospitality Improvement Zone Business District”.
The rate increase of 1% and the new combined rate is 9%, not for all taxpayers, ONLY FOR THE ADDRESSES LOCATED IN THE DISTRICT.
There is some confusion… “the rate increase is only for businesses located inside Hospitality Improvement Zone Business District”. The informational bulletin (bottom right corner) also tells the taxpayer to find out if the rate applies to their sales, to go to the “Tax Rate Finder” on their web site at tax.illinois.gov for a list of addresses.
If the business address is not one of the locations listed below, they are NOT subject to the new tax rate.
If the business address is one of the locations listed below, they must collect the additional tax and remit it to the Illinois Dept of Revenue.
The addresses provided to the IDR and that appear on the IDR web site:
702 Fulton Ct
720 Fulton Ct
414 Hamilton Blvd
416 Hamilton Blvd
500 Hamilton Blvd
501 Hamilton Blvd
501 Main St
519 Main St
529 Main St
531 Main St
533 Main St
539 Main St
611 Main St
617 Main St
627 Main St
629 Main St
631 Main St
633 Main St
709 Main St
727 Main St
514 N Main St
516 N Main St
706 N William Kumpf Blvd
814 N William Kumpf Blvd
225 NE Adams St
203 NE Jefferson St
217 NE Jefferson St
227 NE Jefferson St
228 NE Jefferson St
229 NE Jefferson St
117 NE Madison Ave
200 NE Madison Ave
202 NE Madison Ave
206 NE Madison Ave
222 NE Madison Ave
234 NE Madison Ave
222 NE Monroe St
237 NE Monroe St
201 SW Jefferson Ave
222 SW Jefferson Ave
109 SW Monroe St
125 SW Monroe St
128 SW Monroe St
129 SW Monroe St
135 SW Monroe St
719 W Main St
If the business address is on the list, they collect 9% and remit the tax to the Illinois Department of Revenue. If the business is subject to the Restaurant/Tavern tax the rate is then 11% with 2% going directly to the City.
Jun 22, 2009
The City has been seeking a developer for mixed use and housing redevelopment of the City Riverfront. The City has approved a concept plan for the land just north of the Riverplex, bordering the railroad Track. The maps below illustrate some of the concepts.
Jun 18, 2009
Free Marketing for the City of Peoria Economic Development
City Staff are using a number of free programs to market economic development opportunities. We use a large number of blogs, which are all located at the address below:
We make frequent entries on the City of Peoria Blog.
We also place the entry on Linkedin
We also place the entry on Facebook
We also place the entry on Twitter - you have to join Twitter to read
A free and simple way to get the word out about development opportunities in Peoria.
Although the 2010 Census is almost a year away, the work of the U.S. Census Bureau continues throughout the decade. The Census Bureau is currently conducting surveys in the Peoria area. The surveying will likely continue beyond Census day which is April, 2010. The information these surveys provide about the social and economic conditions of our nation and local areas affects us all.
We are asking your support as Census takers come to your households to conduct their surveys. We do understand that you may be concerned with security, personal identity, and privacy issues. Please be assured that the confidentiality of information provided to Census Bureau Representatives is protected.
If your household has been selected to participate in the Census survey, the Census Bureau will send you a notification letter. All Census Field Representatives are required to display an official photo identification card issued by the U.S. Department of Commerce. To verify the identification of a Census Field Representative or the legitimacy of a survey, please contact the Chicago regional Office of the U.S. Bureau of the Census at 630/288-9200.
Alma Brown, City of Peoria Communications Manager, 309 494-8554
Jun 17, 2009
Jun 15, 2009
Illinois could see more than $1 billion worth of economic activity linked to renewable energy over the next 20 years, and many say legislators, entrepreneurs and others need to think now about how to harness that potential.
That's why state Rep. Mike Smith, D-Canton, is hosting a "green collar" summit at 6 p.m. Wednesday at the Pekin City Hall, 111 S. Capitol St.
We have a call center lead with the following building requirements:
10,000 sq. ft. initially, with growth up to 40,000 sq. ft.
“Plug-and-Play” facility or former call center facility preferred
We searched LOIS and found the following possibilities:
1530 W. Altorfer-Peoria -15,207sf
111 N. Sixth Street-Pekin -25,000
6100 Everett McKinley Dirksen Parkway-Peoria -26,220sf
Please let me know if you know of anything else that meets the parameters.
The Economic Development Council for Central Illinois
A company of The Heartland Partnership
100 SW Water Street
Peoria, IL 61602-1329
309-256-9011 - Cell
309-495-5973 - Office
__________ __Economic Development Bond----Recovery Zone Facility Bond
City of Peoria___ ____-8-_1,466,000___________-__2,198,000
County of Peoria________ 1,021,000______________1,532,000
The Federal Government has created a number of new bonds that are intended to encourage investment to assist in the recovery. The bonds above are subsidized by the Federal Government, and it is in our interest to use these bonds for good projects before they expire at the end of 2010.
More info at:
Statewide and local bond allocations are listed below. It appears that most Illinois Counties.
More Info from Chapman and Cutler on the Bonds
Jun 14, 2009
Jun 12, 2009
$972,000,000 for Recovery Zone Economic Development Bonds (those are the Build America Bonds that get the 45% interest rate subsidy).
$666,000,000 for Recovery Zone Facility Bonds (those are the private activity bonds that would otherwise be taxable,so they're the ones where you can flunk the famous two-prong test and still have a chance of doing a tax-exempt deal).
The State will now further allocate to the City.
Information courtesy of our Bond Council Pat Curtner.
Jun 11, 2009
Jun 8, 2009
The Lincoln Institute of Land Policy spent two years looking at smart growth policies in a number of states to see how well they've achieved their goals. Gregory K. Ingram, President of the Institute, explains the results.
Jun 5, 2009
Jun 4, 2009
Jun 3, 2009
Jun 1, 2009
How Green is Your City?