Food Innovator FutureCeuticals Expands Momence, Illinois, Headquarters

The Economic Alliance works diligently to report in a timely manner on things like local business expansion, new business development, new and enhanced development incentives, economic news and other items of interest to our community investors and investor prospects.

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Monday, January 23, 2017

Food Innovator FutureCeuticals Expands Momence, Illinois, Headquarters

Leading food innovator FutureCeuticals Inc. announced last week a $2 million, 14,700 square foot expansion of its headquarters operation in the Greater Chicago community of Momence, Illinois. According to the company, which holds more than 50 patents for functional food ingredients, the additional space will house its 50 to 60 member sales, customer service and marketing force. Another 20 to 30 employees are expected to be hired within the next 12 to 24 months.

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Tuesday, January 10, 2017

2016 Major Projects Yield More Than $120M in Capital Investment

In terms of growth in the local industrial, institutional, military, utility, multifamily residential, infrastructure and commercial markets, 2016 projects announcements in Kankakee County in 2016 are projected to yield $120,700,000 in capital investment, 699,290 square feel of new space and 904 new jobs.

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Thursday, December 15, 2016

High-tech Growth Drives Kankakee MSA to #1 Position Again in Milken Institute’s Best-performing Cities Index

Outstanding high-technology growth by local companies like multinational bioscience leader CSL Behring and Riverside Healthcare has helped to place the Kankakee Metropolitan Statistical Area – which shares boundaries with Kankakee County – at the top among small metros in the state of Illinois again in 2016. Kankakee MSA’s overall ranking also jumped from 90 to 74 from 2015 to 2016 when compared against 201 small metros nationwide.

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Wednesday, November 16, 2016

NEXT50 to Showcase Manufacturing and Logistics Jobs

NEXT50 Open House and Expo is happening Dec. 2 from 4-7p.m. at Kankakee Community College’s Manufacturing and Industrial Technology Center. It’s free and open to the public. High school students, parents, teachers and guidance counselors are highly encouraged to attend. Refreshments will be served, including Johnsonville brats.

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Tuesday, November 1, 2016

THRIVE Technology Edition Released

The 2016-17 Technology Edition of THRIVE magazine has been released by the Daily Journal, in partnership with the Economic Alliance of Kankakee County.

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Thursday, October 27, 2016

Aqua America Consolidates Call Center Operations in Kankakee, Illinois

National water and wastewater provider Aqua America has consolidated call center operations in the Greater Chicago community of Kankakee, Illinois. In September, the utility completed an expansion at the Downtown Kankakee Clock Tower Centre that doubled its space as well as local employment. This site has assumed the operations previously conducted at a now-vacated Pittsburgh call center.

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Tuesday, October 18, 2016

2016-17 Kankakee County Top Industries FTE Report Shows Continued Job Growth

Updated full-time employee counts for Kankakee County’s top 60 manufacturers, logistics firms and institutions were released today by the Economic Alliance of Kankakee County. The Alliance has been tracking FTE count since 2010, reporting annually for local and prospective industrial and commercial developers. “The employee numbers that we track represent 15,641 jobs, which is approximately 30 percent of our county’s total employment as of August 2016,” explained Alliance President and CEO Tim Nugent. “Preliminarily, we are showing year-over-year growth of 200 jobs. This is fairly consistent with the most recent Illinois Department of Employment Security (IDES) employment report, which indicated year-over-year growth of 500 jobs for Kankakee County.”

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Monday, October 3, 2016

Labor Shed Analysis RFP Issued

The Grundy Livingston Kankakee Workforce Board is soliciting proposals from organizations interested in providing professional services to conduct a Labor Shed Analysis for Grundy, Livingston and Kankakee Counties, which comprise Local Workforce Area #11 under the Workforce Innovation and Opportunity Act. The Workforce Board anticipates awarding the contract at its December 20, 2016, meeting. Applicants must be prepared to deploy services immediately following the award of a contract/grant with final product to be presented at the March 21, 2017, Workforce Board meeting.

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Monday, September 26, 2016

Namdar Purchases Northfield Square Mall for $9.6M, Begins Repositioning

In July, Bradley’s Northfield Square Mall was sold to Namdar Realty Group for $9.6M. The privately held Great Neck, NY, real estate investment firm purchased the 527,000 SF shopping complex from C.W. Capital, Bethesda, MD. Spinoso Real Estate Group, North Syracuse, NY, formerly managed the property. Namdar reportedly will actively manage the Illinois Route 50 property with an eye toward significant repositioning.

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Monday, September 19, 2016

Meijer Breaks Ground in Bradley

Meijer, which operates 230 supercenters and grocery stores in Michigan, Ohio, Indiana, Illinois, Kentucky and Wisconsin, has broken ground on its expansion in Bradley, Illinois. Part of the company’s plan to invest more than $400 million in nine new and 32 remodeled stores across the Midwest this year, the Grand Rapids, Michigan-based retailer is replacing the former Kmart Super Center site at 990 N. Kinzie Ave., starting with the special use-granted conversion of an adjacent commercial parcel with a vacated Taco Bell restaurant into a six-pump, 250,000SF gas station.

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