Earlier this year, Milken Institute released new report measuring “Best Cities for Successful Aging.” Of the 300 small metros in the US, Peoria ranks in the middle at the 149th best place for successful aging. Greater Peoria has an aging population with 65% of the MSA’s residents being over the age of 65. When the Milken Institute research is broken down further you find that Peoria MSA ranks 151 for 65-79 age group and 160 for the 80+ age group. The Best Cities for Successful Aging is a comprehensive index that generates a composite ranking for each metro area. The composite ranking is based on eight subcomponents: general indicators, health care, wellness, living arrangements, transportation & convenience, financial well-being, employment & education, and community engagement. When looking specifically at the eight subcomponents it’s no surprise that the region’s best ranking was in the healthcare category. Healthcare is considered one of the strongest and fastest growing industries in the region. Greater Peoria ranked high in access to doctors, nurses and overall hospital services.
If you think manufacturing in Central Illinois is a dirty, unsohpidticated, dead-end job...THINK AGAIN! Watch this video to see what the newest generation of manufacturing workers in Central Illinois have to say about their jobs and one of the top industries of the Greater Peoria Region. Click here to watch video.
The not seasonally adjusted unemployment rate for the Peoria MSA dropped to 7.5 percent in September 2012 from 8.7 percent last September. The last time the September rate was equal to or lower was in 2008 when it was 5.6 percent. This was the 28th consecutive month the rate has been equal to or below the year-ago level. Over the year, non-farm payroll employment in the Peoria MSA increased by +1,300. The largest gains occurred in Manufacturing (+1,500) and Leisure-Hospitality (+500). This is according to preliminary data released by the U.S. Department of Labor and the Illinois Department of Employment Security (IDES).
Here is a breakdown of unemployment rates for MSA’s across Illinois, a specific look at Greater Peoria counties and cities as well as an overview of the Peoria MSA’s monthly trend. This monthly analysis is provided by the EDC for Central Illinois.
More than 1100 students from more than 30 area high schools discovered manufacturing today at the 4th annual Discover Manufacturing Career Expo hosted by the Economic Development Council for Central Illinois’ Specialized Manufacturing Strategy Group. The students toured regional manufacturing companies this morning and then attended a mini-trade expo at the Peoria Civic Center to learn more about the regional manufacturing industry.
The EDC’s Specialized Manufacturing Strategy Group is made up of representatives from local manufacturing companies, educational institutions and business resource organizations who began this event as a way to address the skilled worker shortage in Greater Peoria and remove the negative stereotypes of a career in manufacturing. The EDC’s Sally Hanley said the Discover Manufacturing Career Expo allows students to see firsthand what the jobs in this industry are like. “It helps us to break down the stereotype that manufacturing jobs are dead-end, dirty and unsophisticated. We are showing them what a great career they could find in the manufacturing industry.”
You're invited to participate in a career fair event for 103 skilled workers from ThyssenKrupp Manufacturing. ThyssenKrupp Manufacturing is closing its Roanoke, Illinois facility in November 2012. The 103 affected employees include 84 skilled manufacturing workers.
Workforce Network is organizing an onsite career fair event to help area employers recruit these highly skilled workers. The event will be held in late October at ThyssenKrupp, at 509 W. Front Street in Roanoke.
The exact date and time of the event will be set to accommodate the participating employers. To participate, please contact David Vaughn at 309-495-8942 or firstname.lastname@example.org.
The Heartland Partnership interim CEO Cal MacKay, Award sponsor & Commerce Bank President Brent Eichelberger,,and Tazewell County Board Chairman David Zimmerman present Excel Foundry & Machine CEO, Doug Parsons, with the EDC's 2012 Growth & Innovation Award.
Find out what lies ahead for one of the top industries in the Greater Peoria region. Join The Heartland Partnership and the EDC for the 2012 McGladrey Manufacturing & Distribution Executive Summit on Thursday, Oct. 18 at the Peoria Civic Center. During the seminar, Congressman Bobby Schilling of Illinois’ 17th Congressional district will examine the impact of tax and regulatory initiatives on local businesses. Cal Mackay, CEO at Heartland Partnership will discuss the Greater Peoria Area Economic Scorecard. In addition, we’ll examine the key findings from our 2012 McGladrey Manufacturing & Distribution Monitor, in which executives shared their views on major issues affecting U.S. manufacturers and distributors. We hope you will be able to join us for this lively and informative annual event on Thursday, Oct. 18 from 7:30 - 10:30 a.m. at Peoria Civic Center in Peoria, Illinois. There is no cost to attend but registration is appreciated. Click here to learn more or register online.
The Economic Development Council for Central Illinois recognized Excel Foundry and Machine with the 2012 Tazewell County Growth & Innovation Award. The award is presented annually to a company that makes significant contributions to its community and demonstrates success and growth. Award recipients are judged on innovative technology, competitive advancement, community leadership, economic diversification and regional expansion.
Earlier this year, Excel Foundry announced plans to invest $15 million in plant expansions and create 100 new manufacturing and engineering jobs in the Greater Peoria region. The expansion also means over $2 million in road improvements near the facility. Excel President and CEO Doug Parsons says this type of expansion doesn’t happen without a lot of help from people throughout the region. “We thank the EDC for helping with the growth plans we have put in place. Excel is excited to be growing and we continue to look for more workers to support our growth.”
The EDC is thrilled to have played a major a role in the facilitating a number of the infrastructure grants that went into the expansion project and is excited to see what the future holds for Excel Foundry. The Growth & Innovation Award is sponsored by Commerce Bank. The award was presented today (October 3, 2012) during a Ribbon Cutting Ceremony celebrating the completion of phase one of the Wagonseller Road project.
The 2012 Peoria County Growth & Innovation Award was presented September 13th to CPO (Comprehensive Prosthetics & Orthotics) Group Holdings LLC.
For the sixth straight year, Site Selection magazine, a leading publication for real estate and area economic development, has named Ameren among industry leaders in economic development--this year again earning “Top Ten” honors! Click here to read more.