North Central Illinois Economic Development Corp

Investor Spotlight: Iowa Interstate Railroad! The Economic Development Corporation of North Central Illinois (EDCNCI) is proud to have the support of investors like Iowa Interstate Railroad (IAIS). Their commitment to delivering safe, high-quality transportation services aligns with our mission to drive economic growth and opportunity in Bureau, LaSalle, and Putnam Counties. IAIS understands the vital connection between infrastructure and regional development. By supporting EDCNCI, they’re helping to create a stronger foundation for businesses to thrive, attract new investment, and ensure sustainable growth for our communities. Thank you to Joseph Parsons and the entire IAIS team for believing in North Central Illinois and for your partnership in making our region a hub of innovation and success! https://iaisrr.com/

Business Spotlight: Roxy Cinemas! Today, we?would?like?to?give a?shout-out?to?Roxy Cinemas in Ottawa, IL-the?gem?any?movie?enthusiast?would want to visit. This independent theater?has?combined?classic?appeal?with modern comforts?and?gives?a?great?line-up?of?movies?for all ages. Whether?it's?the?most?recent?blockbuster or?simply?having?fun with?family movie night, Roxy Cinemas?invites?you?in?to?make?any?visit special. Supporting?businesses?within?the community, such as?Roxy Cinemas,?brings?a?sense?of?community spirit and?helps?keep?the Illinois Valley?alive. Let's continue?celebrating?and?supporting?businesses that make our region unique! https://lnkd.in/gxqz-FwA

Investor Highlight: Illinois Valley Labor Management! Thrilled to have Illinois Valley Labor Management (IVLM) as a key investor in our organization! IVLM’s focus on high-quality union construction, skilled workforce training, and building strong labor-management partnerships is elevating North Central Illinois. Their programs create pathways to in-demand careers, empowering our community and local economy. We are grateful to partner with an organization so committed to efficiency, collaboration, and community impact! https://ivlm.org/

Economics News: Recently, U.S. jobless claims rose slightly to 221,000, slightly below analyst forecasts, while continuing claims reached 1.89 million, their highest since late 2021. Despite this, layoffs remain historically low. The Federal Reserve recently shifted its strategy, reducing interest rates for the first time in four years, now nearing the Fed's 2% target. While October saw only 12,000 new jobs—partly impacted by strikes and hurricanes—this new employment data aligns with cooling economic trends. Link to the full article: https://lnkd.in/g7nXpi5j

Investor Spotlight: Illinois Valley Contractors Association (IVCA)! Founded in 1948, the Illinois Valley Contractors Association (IVCA) plays a vital role in supporting construction contractors across the region. This non-profit focuses on negotiating and managing labor union contracts and advancing the construction industry through its Illinois Valley Construction Industry Advancement Program. IVCA’s dedication to promoting local construction ensures both economic growth and strong labor relations, making it an invaluable asset for industry stability and development in the Illinois Valley! https://ivcontractors.org/

Business highlight: Vactor Manufacturing! We are thrilled to recognize Vactor Manufacturing from Streator, LaSalle County. Vactor is leading the way in sustainable sewer cleaning and vacuum excavation solutions. Their IntuiTouch controls simplify operations, and their water recycling system saves thousands of gallons, cutting costs and boosting efficiency. Proud to see this innovation coming from LaSalle County! https://www.vactor.com/

Investor shoutout: Hometown National Bank! Known as "Your Bank For Life," Hometown National Bank stands out with a mission to support and empower our community’s growth. Their dedication to providing innovative banking solutions and community-focused service truly sets them apart. https://myhtnb.bank/

Regional news: Amazon plans to open a new "last mile" delivery facility in Ottawa, Illinois, spanning 50,800 square feet. This facility will play a critical role in the final step of package delivery, where packages are sorted and prepared for local delivery to customers. The center is expected to enhance delivery efficiency in the area and create over 100 jobs. The link to the full article is below. https://lnkd.in/gtv9_rAd

Investor Shoutout: TIF Illinois! A big shoutout to the Illinois Tax Increment Association (TIF Illinois) for their outstanding work in driving economic development and revitalizing communities across the state! Since 1987, TIF Illinois has been a vital resource for municipalities, helping to spur growth and improve infrastructure through Tax Increment Financing (TIF) districts. Their dedication to fostering economic development in blighted areas is making a real difference in the lives of residents and businesses alike. https://lnkd.in/ghKtURmy

Investor shoutout: Ameren! A big shoutout to Ameren for their incredible work in providing reliable and sustainable energy solutions across Illinois! Ameren is dedicated to innovation and community engagement, investing in renewable energy projects and enhancing grid reliability. Your efforts not only ensure that our lights stay on but also contribute to the well-being of our environment and communities. Thank you for powering progress and making a positive impact every day. https://www.ameren.com/