[share] Adams County June unemployment figures rose slightly over May which can be attributed in part to a seasonal rise that coincides with the end of the school year.

Adams County still has one of the lowest unemployment rates in the state of Illinois at 6.7%. Brown County (4.8%) and Woodford County (6.6%) are the only two counties out of 102 Illinois counties that have lower rates.

The City of Quincy’s June unemployment rate is 7.2% which is up 0.1% over a year ago in June.

See the figures for yourself at the Illinois Department of Employment Security website.

[share] The Rural Adams Development Corporation Annual Meeting will be held Wednesday, July 25, at 7:30 am at Beckman Seed Sales in Paloma. Owners Chuck and Mary Beckman received a loan from RADC to build their new soybean treatment and warehousing facility on a five-acre site about a half-mile west of Paloma on U.S. 24.

Formed in 1990 by a group of rural Adams County bankers, the electrical cooperative and the Great River Economic Development Foundation (and later joined by Adams Telephone Cooperative), RADC has since administered 63 loans totaling $1,969,631. The group is celebrating its 22nd official Annual Meeting and the fact that their revolving loan fund has never incurred a single loss in its entire history.

“While a couple of the businesses that were assisted by the RADC later ceased operations, their loans were repaid in full,” says RADC Board Member and GREDF Entrepreneurship Specialist, Charles Bell.

The RADC’s low-interest, revolving loan fund is designed to finance projects which will create or retain jobs in rural Adams County. One success story belongs to Chuck and Mary Beckman, who have spent their entire lives in service to local agriculture. “When Channel Seed Company wanted to move the seed treatment and distribution processes closer to farmers, necessitating a new facility, we knew the Beckmans would do a great job with it,” says Mark Field, RADC member and President and Chairman of the Board of The Farmers Bank of Liberty.

Another new business success story is that of Alliance Industrial. “Rob Albsmeyer came to us with the idea to start Alliance Industrial when he had the opportunity to buy out the equipment from his former employer and put his experience to work,” says Mark Field, “He knew the market, had the experience and had a good plan. We offered some low-cost financing and now he is employing a dozen people at his pallet company.”

Types of assistance provided by the RADC include:

• Seed money, venture capital, or gap financing for which no other resource exists
• Funding for businesses that lack adequate equity or operating history for conventional loans
• Investment in projects that need greater owner equity in order to obtain bank or government assistance.

Anyone interested in starting or expanding a business in rural Adams County is encouraged to talk to any RADC participating bank or GREDF. RADC member banks include:

• Central State Bank (Clayton)
• Farmers Bank (Liberty & Payson)
• Farmers State Bank of Camp Point
• First Bankers Trust (Mendon & Paloma)
• Golden State Bank
• North Adams State Bank (Camp Point & Ursa)
• State Bank of Lima

The RADC can also draw on the expertise of its investors and members to assist businesses. Through its public/private partnership, the RADC encourages municipal units to take an active interest in economic development.

[share] After nearly three years of discussion and negotiation, the Illinois General Assembly unanimously passed Enterprise Zone extension legislation on May 31st. The bill awaits Governor Quinn’s signature.

According to an email from Craig Coil, president of the Illinois Enterprise Zone Association, “Senate Bill 3616 will provide stable and predictable job creation and retention incentives for the long term, more transparency and performance reporting and revised qualification criteria which may give communities not currently designated as Enterprise Zones the chance to be considered for designation. It also gives communities with existing zones the opportunity to renew for up to 25 years.”

The Quincy & Adams County Illinois Enterprise Zone was established in 1984 under state legislation. The Enterprise Zone is considered one of the most effective economic development tools available. Enterprise Zone incentives help grow our economy by encouraging job creation, retention and investments in our communities.

Enterprise Zone incentives have included:

• Property tax abatement
• Building materials sales tax exemption
• Reduced permit fees
• Jobs tax credit
• Investment tax credit
• Income tax reductions
• Machinery and equipment state sales tax exemption
• Utility tax exemption

Last year the program is credited with creating 8,980 jobs and nearly $2.5 billion in investments throughout the state. In the Quincy/Adams County Zone alone, (which includes portions of Brown County) 61 projects resulted in over $41 million in investments and 423 jobs being created or retained. This does not include the short term construction and other jobs further benefiting local businesses and the economy.

Visit our Incentives Page for details about current incentives available under the Quincy/Adams County Enterprise Zone or contact Cathy Schluckebier (217.228.4515 or cschluckebier@ci.quincy.il.us) with the City of Quincy Department of Planning and Development for more information. 

[share]Adams County continues to be among the lowest in the state when it comes to unemployment numbers. March 2012 unemployment for the county was 6.3%. That’s down 0.8% from February and makes Adams County the 2nd lowest county in the state behind Brown County (4.6%).

The City of Quincy was at 6.6% for the month of March, also down 0.8% from the previous month.

View the unemployment rate numbers around the state of Illinois for yourself at the IDES Local Area Unemployment Statistics website.

[share] Adams County is tied for the second lowest unemployment in the State of Illinois for the month of February at 7.1%. That is 0.3% lower than January of this year. Adams County tied with Du Page County, coming in second only to Brown County out of the 102 counties in the state.

The City of Quincy’s unemployment sits at 7.4% which is also 0.3% lower than January 2012.

For a complete list of unemployment figures across the state, visit the IDES Local Area Unemployment Statistics website.

From earth moving equipment to automobiles; medical devices to consumer products, Illinois is home to 20,000 manufacturers employing more than 600,000 people. These companies generate more than 13.5 percent of the GDP in Illinois.

In Adams County, about 100 manufacturers account for 16.89 percent of employment – much higher than the manufacturing employment share of 11 percent nationally.

IMEC, along with the Illinois Department of Commerce and Economic Opportunity, the Manufacturing Extension Partnership, and other friends of manufacturing, have launched an on-line resource to showcase the diversity of products made in Illinois and celebrate the companies that manufacture them.

Illinois manufacturers can register for a free profile page to feature their products and services, share company news, and display pictures and videos. In addition to increasing their visibility to website visitors at no cost, IMEC will promote the manufacturers to external audiences through social media and other direct marketing tactics, and link participating manufacturers to sourcing and buying opportunities.

Benefits include:

• Connecting with other Illinois Manufacturers
• Generating search engine visibility for your products and services
• Telling the story of Illinois: a Center for Manufacturing Excellence

For more information or to add your company to the list of Illinois manufacturers, please visit http://www.imec.org/Made-In-Illinois.cfm.

[share] 2011 was another great year for the Quincy/Adams County, Illinois region. The following is the “Business Developments” section of the speech our 2010/2011 GREDF chair, Connie Schroeder, gave during our 2012 Annual Meeting on January 11, 2012.

Our job at GREDF is to tell our story, that is, the story of Quincy and Adams County, Illinois. We do this in letters, emails and phone calls, on our website and most importantly, through personal contact with current and prospective businesses and you, our stakeholders.

We’re continuously refining our message and we’re blessed to have a wealth of resources about which to boast: transportation infrastructure, skilled workforce, educational opportunities, arts and culture.

We find examples and success stories help our message become more real to our audience. So please allow us to tell our story to you and share some good news from 2011 as we embark on a new chapter in 2012.

2011 Business Developments in Quincy and Adams County, Illinois:

• Prince Agri Products, which you’ll remember built a 150,000 square foot, $18 million dollar facility in 2010, announced this past September the acquisition of a new product line called Animate. The company has added over 40 jobs to the Quincy-area economy during the past 2 years and currently employs over 100 people. They continue to recruit for head-of-household positions in manufacturing, laboratory, quality supply chain and I.T.

  

• Titan International purchased the former Huck Fixtures facility and plans to put part of its wheel production in the 100,000 square foot building this year. Titan reported record sales in the third quarter of 2011, up 79percent from the third quarter in 2010.
• Federal Express broke ground on a new $1.5 million dollar, 28,000 square foot facility located on six acres in the Wismann Ridge Business Park in August.
• The Spin Screed, the world’s lightest-weight roller screed which was invented and built in Quincy, was chosen by contractors to be used during a major remodel of the Boeing Manufacturing Plant in Everett, Washington. The plant is considered the largest in the world. Joe and Marlene Churchill, co-owners of Spin Screed, Inc., have seen their small business grow from its start 11 years ago to the point where the Spin Screed is now being used in major projects worldwide.
• U.S. Cooler is celebrating 25 years as a leading manufacturer of commercial walk-in freezers & coolers. During its history, the family-owned company has preserved a historic firehouse in downtown Quincy for its corporate headquarters and adapted green technology into its products. U.S. Cooler currently employs over 65 people in 7 States.

  

• Timewell Tile continues to grow in its Golden facility, the former home of the Methode Plant. The company’sentire A.D.I. Installation Division was recently moved to the Golden facility which led to the construction of a new 5,000 square foot machine shop building. The A.D.I. Division joins the Transportation Division and Fitting Fabrication Division in Golden, which was relocated from a Michigan Plant. A production line runs 24 hours a day seven days a week out of the facility. 81 employees are currently based out of the 95,000 square foot building.
• Word came in December that the decision to close 252 United States Postal Service mail processing facilities nationwide including the Quincy facility would be delayed until at least May of 2012. GREDF, City officials and Mayor Spring worked successfully with Illinois and Washington lawmakers, including Senator Dick Durbin, to save the facility back in 2010, but a U.S.P.S. deficit in 2011 has prompted the agency to again look at taking drastic measures. Closing the facility would eliminate next-day delivery within the region and 60 to 70 positions. GREDF continues to support efforts to keep the facility open.
• Harris Corporation won a 2011 Governor’s Sustainability Award for Continuous Improvement. They received the recognition for their ongoing commitment to environmental excellence through outstanding and innovative sustainability practices.
• Tim and Tamie Lung, owners of the Crawdad’s Classic brand of products out of Camp Point are poised for growth in 2012. The company has launched a national marketing campaign and hopes to eventually bring bottling operations to the Adams County area.
• An AT&T Cell Phone Outlet and Aspen Dental Office are now open at the corner of 52^nd and Broadway in front of Walmart. GREDF assisted Quattro Development with the project and we were pleased to receive a letter addressed to Jim Mentesti from the developer stating, “Without question, the experience we’ve had working with you, your staff, and the Quincy municipal officials is the best we’ve encountered.” AT&T Illinois President Paul La Schiazza came to the store opening on December 8^th.
• F&M Bank and Trust Company purchased the parcel east of Aspen Dental from Quattro Development. The Bank plans to start construction on a full service branch in 2012. GREDF assisted F&M in the selection of the site.
• T.F. Ehrhart Company is constructing a new building at 42^nd and Koch’s Lane in the East Quincy Development District. The company has been supplying heating and air conditioning equipment to contractors throughout Western Illinois for over 55 years.
• Good Samaritan Home continues to move forward on its $20.7 million dollar multi-phase renovation. When completed all types of senior housing will be available, from independent cottages to full-time nursing care units.
• Activity in the Schneidman Industrial Park continued in 2011 with the addition of Tillitt Collision Repair and Moore’s Floors which expanded into a 15,000 square foot building in order to enhance its commercial flooring operations.
• Preliminary site work has been completed at the future home of the U.S. Army Reserves Center Training Facility. The facility will be located at 24^th and Weiss Lane in the Northwood Business Park and site plans include a training building, vehicle maintenance shop and storage building.

  

• Farmers Bank of Liberty plans to establish a branch at 4134 Broadway in Quincy after purchasing the former restaurant building.
• J.M. Huber just completed an 18,000 square foot addition to its facilities in the South Quincy Development District. The expansion will house a production line for Huber’s food and pharmaceutical-grade of calcium carbonate. The product is currently being made in their California facility, but the economics made it more attractive to build in Quincy than expand in California.
• City officials are close to approving the site plan for a 50-unit, two-story, 64,000 square foot senior apartments complex at 48^th and State.
• Bank of Springfield announced plans to move its Quincy branch from 18^th and Broadway to 1111 Maine in downtown Quincy. The branch could open as early as late spring.
• Speaking of downtown Quincy, our partnership with the Historic Quincy Business District and executive director Travis Brown is as strong as ever. We are pleased to share that downtown Quincy’s occupancy rate is currently at 91 percent. Some of the 2011developments that contributed to this tremendous number include:

  

  • The opening of the $27.2 million dollar Salvation Army Ray and Joan Kroc Corps Community Center in September.
  • The opening of First Bankers Trust Company’s 30,000 square foot, $5 million dollar banking facility at 12^th and Broadway in May.
  • The opening of the 48-unit, $9.2 million dollar Franklin Square Apartments complex at 3^rd and State which company officials tell us quickly filled and remains at full occupancy.
  • The opening of Cape Air’s ticket office at 727 Hampshire which is located in a block of beautifully rehabilitated and newly-leased buildings thanks to local developers, Austin Properties.
  • And the opening of a number of high-end restaurants including The Maine Course, ONE Restaurant and Bar and Talayna’s.

We’re excited to see work nearing completion at 8^th and Jersey thanks to Ameren Illinois’ site remediation program. As the $30 million dollar clean-up is completed we look forward to working with our H.Q.B.D. partners to find the right developer and project for the site.

2011 also saw the $5.5 million dollar renovation of the Quincy Public Library and Awerkamp Machine Company’s completion of a new warehouse at 716 Vermont in the downtown.

GREDF’s Entrepreneurship Specialist, Charles Bell had another busy year in 2011. He assisted over 70 businesses with startup and expansion planning, site location and financing. Charles helped Adams County businesses and entrepreneurs navigate a variety of financial incentive programs available to them, including the Rural Adams Development Corporation, Adams County Revolving Loan Fund, GREDF Central Business District Revolving Loan Fund, Adams Electric Revolving Loan Fund and Two Rivers Revolving Loan Fund. Specific examples of assistance include the expansion of Alliance Industrial Corporation on Highway 57 and the construction of a soybean treatment and warehousing facility owned by Chuck and Mary Beckman near Paloma.

You are Invited!

[share] GREDF’s 2012 Annual Meeting will be held Wednesday, January 11th at the Oakley Lindsay Center, 300 Civic Center Plaza, in Quincy. A cash bar will be available beginning at 5:00 pm with the meeting starting at 5:45 pm. No RSVP is required and the event is free and open to the public. Members of the business community and general public are encouraged to attend.

Outgoing GREDF Board Chairman, Connie Schroeder, Vice President of Corporate Integration and Innovation at Blessing Corporate Services will give the evening’s feature presentation which includes highlights from the past year. This year’s theme is “Telling Our Story”.

Other speakers include Quincy Mayor John Spring and Mike McLaughlin, Chairman of the Adams County Board.

GREDF has been a driving force in Quincy and Adams County, Illinois, since 1978. Our number one priority is to retain existing businesses and help them grow. We assist prospective businesses, site consultants and entrepreneurs. As our name, “Great River” implies, we collaborate regionally with our neighbors along the Mississippi River in Western Illinois, Northeast Missouri and Southeast Iowa.

For more information about GREDF and our 2012 Annual Meeting, please call our office: 217.223.4313 or email gredf@gredf.org.

[share] Unemployment in Adams County continues to remain steady. Adams County’s rate for October 2011 was 6.8% which is 0.1% higher than last month and a year ago in October. Adams County has the fourth-lowest unemployment rate out of 102 counties in Illinois. Quincy’s rate was 6.7 percent, with IDES statisticians saying there are 40,348 people employed in the micropolitan area and 2,887 unemployed.

For a complete list of unemployment figures across the state, visit the IDES Local Area Unemployment Statistics website.

[share] Unemployment in Adams County remained steady for the month of September with no change from the previous month and no change from September 2010. Adams County is tied with Joe Davies County at 6.7%  for the 5th lowest unemployment rate in the state of Illinois. Brown County maintains the lowest rate  in the state and remains the only county with unemployment below 5%.

The unemployment rate in Quincy fell 0.1% from August to September and stands at 7.3%. The state of Illinois rate is 9.5% and the United States stands at 8.8%.

For a complete list of unemployment figures across the state, visit the IDES Local Area Unemployment Statistics website.