Golden Shovel 2017

Golden Shovel 2017

ILLINOIS WINS 2017 GOLDEN SHOVEL ECONOMIC DEVELOPMENT AWARD
FROM AREA DEVELOPMENT MAGAZINE


Awarded for the large numbers of high-impact economic development projects that resulted in significant investment and job creation
Chicago, June 20, 2017 – Congratulations are in order for the state of Illinois and the combined work of economic development organization at Intersect Illinois and the Department of Commerce and Economic Development, as the state was named a 2017 Golden Shovel Awards winner from Area Development Magazine. These awards recognize states compiling healthy rosters of new and expanded facilities, and Illinois won the 12+ Million Population Category.
Per the magazine, Area Development’s annual Gold and Silver Shovel Awards recognize states for their achievements in attracting high-value investment projects that will create a significant number of new jobs in their communities. The group collected information from all 50 states about their top-10 job-creation and investment projects initiated in 2016 (only those projects that actually had monies invested, “broke ground,” began an expansion, started new hiring, etc. were considered). Based on a combination of weighted factors — including the number of new jobs to be created in relation to the state’s population, the combined dollar amount of the investments, the number of new facilities, the diversity of industry represented — five states achieving the highest weighted overall scores were awarded Area Development’s 2017 Gold Shovels in five population categories: 12+ million, 8+ to 12 million, 5+ to 8 million, 3+ to 5 million, and fewer than 3 million. Runners-up in each of these population categories were awarded 2017 Silver Shovels.

Keidanren Delegation Comes to Chicago

Keidanren Delegation Comes to Chicago

Intersect Illinois was proud to host the Keidanren delegation on May 14-15. The Japanese’s delegation, equivalent of the US Chamber in Japan, stopped on their Midwest tour in Illinois in support of the long-standing relationship between the area and Japan. The working relationship between the state of Illinois and Japan dates back more than 140 years and includes an office in Japan, which is one of the oldest State Trade and Investment Offices in the country, dating back to 1983.

Intersect Illinois, Gov. Rauner's economic development nonprofit, gets new CEO from upstate New York

Intersect Illinois, Gov. Rauner's economic development nonprofit, gets new CEO from upstate New York

Gov. Bruce Rauner's nonprofit economic development corporation has a new CEO, and he's coming from upstate New York.

Mark Peterson, currently the president and CEO of the economic development engine for the Rochester, N.Y., region, on Thursday was named CEO of Intersect Illinois. He will assume his new position June 15.

Mark Peterson CEO Press Release

Mark Peterson CEO Press Release

INTERSECT ILLINOIS SELECTS NEW PRESIDENT & CEO
CEO Mark S. Peterson Will Join Ten New Board Members to Continue Intersect Illinois’ Mission
CHICAGO, IL — May 18, 2017 — Intersect Illinois today announced that Mark S. Peterson will serve as President and Chief Executive Officer effective June 15th, 2017. Jim Schultz will continue to serve on Intersect Illinois’ Board.

MetLife to Reopen Freeport Insurance Center and Add 150 Jobs

MetLife to Reopen Freeport Insurance Center and Add 150 Jobs

FREEPORT, Ill. (AP) — MetLife Home & Auto will reopen the downtown Freeport facility it closed three years ago and add 150 jobs over the next three years.

The Journal-Standard in Freeport (http://bit.ly/2q6YEIH ) reports that officials told MetLife's approximately 200 existing employees the news this week. Current employees work from home.

The company will recruit 25 employees immediately and 25 more before year's end. They will add another 100 jobs in 2018 and 2019.

MetLife will refurbish part of the 171,000-square-foot office building and parking deck on the edge of downtown.

The company shut the Freeport facility in 2014 as part of moving 2,600 jobs from several states to a technology campus near Raleigh, North Carolina.

Freeport is about 110 miles northwest of Chicago.

Mysterious electric vehicle startup, Rivian Automotive closes deal on massive manufacturing facility in Illinois

Mysterious electric vehicle startup, Rivian Automotive closes deal on massive manufacturing facility in Illinois

Michigan-based electric vehicle startup, Rivian Automotive, just closed its purchase of the Mitsubishi Motors North America facility in Normal, Illinois. Records show that the factory was first purchased by liquidation firm, Maynards Industries, in June of 2016 for $2.5M, not including machinery, before Rivian’s recent acquisition for an undisclosed amount. The electric car upstart plans to invest $40.5 million into the factory over the next five years and begin vehicle production in 2019.

Rivian Automotive first began discussions with the town and factory owner in mid-September, before announcing on December 9 that they had entered into an agreement to purchase the facility. The Town of Normal gave the company an incentive package, including a five-year tax abatement and a $1 million grant contingent upon the hiring of approximately 1,000 workers and a $175 million investment into the site through 2024.

Auto parts manufacturer Flex-N-Gate to open South Side plant, promising 300 jobs

Auto parts manufacturer Flex-N-Gate to open South Side plant, promising 300 jobs

Auto parts manufacturer Flex-N-Gate is opening a new facility that will bring about 300 jobs to Chicago's South Side with help from city and state incentives, the city announced Thursday.

Urbana, Ill.-based Flex-N-Gate, which makes bumpers, radiators, hinges and a variety of other original equipment, will convert an existing warehouse to supply automakers, including a nearby Ford assembly plant.

Fabrik Industries expanding in McHenry, buying second facility

Fabrik Industries expanding in McHenry, buying second facility

 

McHENRY – Fabrik Industries will expand its operations in the city of McHenry with the purchase of a second facility at Miller Parkway, the McHenry County Economic Development Corp. announced.

"In 2015, Fabrik’s leadership identified the need to expand operations based on continued increase in their manufacturing business," the EDC said in a news release. "The company analyzed expansion in the state of Illinois, specifically the city of McHenry and outside of Illinois. As the company began researching expansion opportunities, the collaboration between the state of Illinois, the city of McHenry, the county of McHenry and the McHenry County Economic Development Corp. and other partners proved to make the difference in their decision process."

Fabrik has operated in McHenry County for 35 years.

“We are excited about the opportunities in manufacturing locally and the community’s involvement in our growth has been humbling," Keith Wagner, president of Fabrik Industries, said in the news release. "In 2016, Fabrik will expand into an additional facility hiring many new employees to meet the increased manufacturing demand.”

 

 

Amazon to Expand Again in Illinois with Two More Fulfillment Centers and 1,000 Full-Time Jobs

Amazon to Expand Again in Illinois with Two More Fulfillment Centers and 1,000 Full-Time Jobs

SEATTLE--(BUSINESS WIRE)--Amazon (NASDAQ: AMZN), Intersect Illinois and the Illinois Department of Commerce today announced that Amazon plans to open two fulfillment centers in Aurora, Illinois. The facilities will add more than 1,000 additional full-time jobs with benefits to the state. The company currently has fulfillment centers operating in Edwardsville, Joliet and Romeoville with another fulfillment center under construction in Monee.

“Intersect Illinois has worked closely with Amazon for months to grow and maximize Amazon’s footprint in Illinois”

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“In just over two years, Illinois has proven itself to be an ideal location from which Amazon can continue offering customers our vast selection and superfast shipping speeds,” said Akash Chauhan, Amazon’s vice president of North American operations. “We’re excited to be growing and creating even more full-time jobs that offer comprehensive benefits on day one as well as generous maternity and parental leave benefits.”

“Intersect Illinois has worked closely with Amazon for months to grow and maximize Amazon’s footprint in Illinois,” said Intersect Illinois CEO Jim Schultz. “Team members like Frank Cho recognized early on that Illinois and Amazon could be tremendous partners and that hard work is paying off. Illinois can offer Amazon exactly what it needs.”