Jobs in Illinois Created by Coles Together
Posted on June 29, 2009
Leaders of that group recently announced that a new manufacturing firm and warehouse and transport company in Coles County could result in the creation of 280 jobs and $40 million worth of investments. Names of the companies have not yet been revealed so as to not jeopardize ongoing negotiations.
According to an article by the Journal Gazette-Times Courier Online, Coles Together also has been working on the FutureGen Alliance, a group of energy companies that have ties to coal use or production. That project recently received a federal commitment of $1.073 billion.
If FutureGen is successful, Central Illinois could benefit from a slew of energy-related projects, including the current coal gasification plant in Terre Haute, Ind.; a proposed power plant in Taylorville; a planned energy facility at Eastern Illinois University and development of an energy project in Tuscola.
On top of that, Coles Together, which has $9.22 million worth of recorded investment, could be considered for enterprise zones within the county. So far, 308 jobs have been retained with employers located in enterprise zones, which offer tax abatements and other incentives for investment.
The added jobs could help stabilize Illinois’ faltering economy. During May, the state saw its unemployment rate increase by .7 percent to 10.1 percent, which is higher than the national unemployment rate of 9.4 percent.
The state’s total non-farm payroll decreased by 17,400 jobs during May, according to the Illinois Department of Employment Security. And although the pace of job loss lessened compared to the previous six months, Illinois recorded its eighth consecutive month of job losses. The number of unemployed people reached 671,400, the highest since June 1983.