Presidents Play in Peoria

Peoria is pleased to host President Barack Obama today.  He is meeting with workers at the Caterpillar Inc.’s Building HH in to discuss the American Recovery and Reinvestment Plan.

More info on the link below:

http://www.peoriatimesobserver.com/state_news/x114015574/Obamas-Peoria-visit

TIF MAPS

The maps below show the Tax Increment Financing Districts in and near downtown Peoria. These powerful redevelopment tools can provide substantial assistance for good redevelopments.

The Green TIF on the west side of the map is Campus Town, and it expires this year.

Enterprise Zone

The City of Peoria Enterprise Zone provides a number of State and local incentives to encourage industrial and commercial development. The one time cost to the City and State helps create long term investment that pays property, sales, and utility taxes while creating jobs and helping to revitalize older portions of the City.

More Info on the Links Below: 

http://peoriaenterprisezone.blogspot.com/

 

http://www.ieza.org/

 

http://www.stlrcga.org/x1863.xml

 

http://www.ieza.org/about-us/about-us/illinois-enterprise-zone-program.html

 

http://www.commerce.state.il.us/dceo/Bureaus/Business_Development/Tax+Assistance/Enterprise-Zone.htm

The map below shows the Enterprise Zone.  There are several expansions not yet shown on the map, which will be added after the State of Illinois completes their review.

Enterprise Zone Map

$15,000 Tax Credit for Home Purchase

The proposed tax credit of $15,000 to homebuyers was not included in the final stimulus bill.

historichighstreet.blogspot.com

Build the Block

The chairman of the Bradley University Economics Department has developed a study on the Peoria Riverfront Museum and the Caterpillar Visitor's Center development. Professor Bob Scott says the development could generate more than a half-billion dollars of local economic growth over the next two decades.

Professor Scott and Professor Joshua Lewer believe the development would create 1,100 jobs during the construction phase.

Our own home grown stimulus program. In my opinion, we should build the development. I will be voting yes for the sales tax increase.

BUILD THE BLOCK !!

More info in the peoria Journal Star article below:

http://www.pjstar.com/news/x1596621480/Planned-museum-a-14-1-investment-return-economists-say

http://www.pjstar.com

http://www.buildtheblock.org/

Video of the Block

http://www.buildtheblock.org/flyaround.html

Unemployment is growing throughout the country and the world, but it is still better in Peoria.

City ___Unemployment Rate

Chicago __  7.1%

Peoria   ___ 6.3%

St. Louis __   7.1%

Info from the US Department of Labor:

http://docs.google.com/gview?a=v&attid=0.1&thid=11f4319724044793&mt=application/pdf&pli=1

Unemployment rates by County

http://lmi.ides.state.il.us/rank.htm

Unemployment Rates

Unemployment rates in Central Illinois are up more than one percent from last year. But it is better here then many other communities in the state and nation. Peoria's unemployment rate now stands at 6.3 %, better then Illinois and the United States. Part of the resiliency of the Peoria job market is owed to our strong and growing medical community.

The map on the link below shows that Peoria and surrounding areas have a lower unemployment rate then the rest of the State and the Chicago metro area.

http://lmi.ides.state.il.us/PDFs/countymap.pdf

More info and a video here:

http://centralillinoisproud.com/content/fulltext/?cid=43981