EDC Recent News
EDC Assists Mackinaw with Funding for IGA Store
December 9, 2009

The Village of Mackinaw engaged the EDC to prepare a successful application for a $100,000 Community Development Assistance Program (CDAP) grant about a year ago to finance a portion of the costs of constructing a concrete parking lot for the IGA store that was destroyed by fire in September, 2008. 

Grants Awarded to Creve Coeur and Deer Creek
December 9, 2009

The Villages of Creve Coeur and Deer Creek recently received the formal documents confirming the Community Development Assistance Program (CDAP) grants the two Tazewell County communities learned they were awarded a couple of months ago. 

Congratulations Pekin on New Business Announcement
December 4, 2009

Pekin city officials recently announced a new business is coming to the region.  WheelWorx will locate in the Riverway Business Park and will employ over 30 people at start up. 

It’s Better Here -- Especially for Nurses
December 4, 2009

According the U.S. Labor Department if you're in nursing in Illinois, it pays more to work in Peoria. 

Local Businesses Missing Out on Cash Incentives
December 2, 2009

The Economic Development Council for Central Illinois is encouraging Peoria Metro businesses to take advantage of some cash incentives for energy efficiency projects. 

More People Agree: It’s Better Here!
November 16, 2009

People all across the country are starting to agree…It’s Better Here!   The Peoria area can add yet another top notch national ranking to its resume.  The Milken Institute has ranked Peoria the 33rd Best-Performing City in the country (among the 200 largest metropolitan areas in the U.S.).  The Peoria metro is up 10 spots from last year, proving that we are doing better than many other regions. 

Central Illinois Angels Announce Inaugural Board of Directors
November 4, 2009

The Central Illinois Angels investment group has elected its inaugural board of directors and chosen the following as officers:

Tri-County Chambers Discuss Regional Road Priorities
November 2, 2009

Representatives from the Tri County Chambers group recently sat down with Illinois State Senators David Koehler (D) of the 46th District, Dale Risinger (R) of the 37th District, and Martin Sandoval (D) of the 12th District, to share their regional road priorities list. Traditionally the list has been shared with local legislators, city councils and county boards but this year the group was able to meet face to face with one of the leaders of the state’s transportation committee to express Central Illinois’ needs.

EDC Helps Region Receive New Business Incentives
October 29, 2009

The Economic Development Council for Central Illinois welcomes sties in Galesburg and Rantoul into Foreign Trade Zone #114.  This means existing and new businesses in this Foreign Trade Zone area can apply to have their Customs duties eliminated or reduced on imported merchandise. 

Caterpillar Outlines Leadership Succession Plan; Board Names Doug Oberhelman Vice Chairman and Chief Executive Officer – Elect
October 22, 2009

PEORIA, IL – The Board of Directors of Caterpillar Inc. (NYSE: CAT) elected Douglas
R. Oberhelman to the offices of Vice Chairman and Chief Executive Officer – Elect, effective
January 1, 2010. Oberhelman, 56, currently serves as Group President of Caterpillar with
responsibility for the company’s engine and gas turbine businesses, human services, rail services
and remanufacturing divisions. [Full Story]