economy

Rend Lake Resort to Re-open

Jun 14, 2017
People
Jordan Maddox, WSIU Radio News

The Rend Lake Resort closed last December but the Illinois Department of Natural Resources says it will soon re-open.

Southern Illinois is home to the nation's 8th oldest regional economic development district.

The U.S. Economic Development Administration (EDA) Friday celebrated the Greater Egypt Regional Planning and Development Commission's 50th anniversary during an event at SIU's Transportation Education Center.

Housing Rehab Program Taking Applications

May 22, 2017

A housing repair program will help some low-income homeowners in Jackson, Perry, Randolph and Monroe Counties make needed repairs over the next two years.
 
Robert Schroeder says the state is funding the program at Western Egyptian Economic Opportunity Council through the Illinois Housing Development Authority - despite the lack of a state budget.

A group of lawmakers is trying to boost the economy in Illinois' southernmost city.

This week, State Senator Dale Fowler, representatives with U.S. Senators Dick Durbin and Tammy Duckworth as well as Congressman Mike Bost's office met with Delta Regional Authority Chairman Chris Masingill to talk about a proposed port terminal project for Cairo.

People
Brad Palmer, WSIU Radio

Illinois' senior U.S. senator is trying to help dozens of families in the state's southernmost town.

Dick Durbin traveled to Cairo Friday to see what can be done to find subsidized housing for the nearly 200 families who are losing their homes after HUD soon closes two public housing complexes.

A proposal to raise the state’s minimum wage to $15 an hour over the next five years is making its way through the state legislature.

Building
WSIL

Nearly 200 families in Cairo are going to have to move after learning the U.S. Department of Housing and Urban Development plans to close two public housing complexes.

HUD officials broke the news to the community Monday night.

At the very southernmost tip of Illinois, the pancake flat cornfields give way to the rolling, forested hills of the Delta.

Here, at the windy confluence of the Mississippi and Ohio rivers, it feels more southern than Midwest when you arrive at the old river port and factory town of Cairo, once made famous in Mark Twain's The Adventures of Huckleberry Finn.

But Twain might not recognize Cairo today.

State Senator Dale Fowler says he's lending his voice to the call for more help at the troubled Alexander County Housing Authority.

Multiple Federal Law Enforcement agencies executed search warrants at three Caterpillar offices today. Federal agents entered Caterpillar’s World Headquarters Building on South West Adams St. in Peoria, Building AD in East Peoria and the Morton offices. The identical search warrants allowed the federal government to seize a wide range of documents, hardware and software related to the movement of any products between the U.S. and Switzerland, specifically the Swiss Subsidiary Caterpillar known as CSARL.

People
www.adamspeaks.com

WSIU's Jennifer Fuller talks with financial expert Adam Carroll, ahead of his lecture at SIU Carbondale through the University Honors program.

A major credit rating agency has again downgraded Illinois' rating, citing the "unprecedented failure" to approve a state budget.

A report says the outlook for the Illinois economy is bleak.

People
Jennifer Fuller/WSIU

Senator-elect Tammy Duckworth made a stop in Carbondale Thursday, hoping to get more insight on her new committee assignments before heading to Washington next week.

Boeing will move its defense unit from St. Louis to Arlington, Virginia. A spokesman Tuesday confirmed the decision, which was made by senior management. Boeing's defense headquarters have been in St. Louis since the 1997 merger with McDonnell Douglas.

The Missouri Development Finance Board is considering whether to award $40 million dollars in tax credits to St. Louis for a potential Major League Soccer stadium.

Otis Williams from the St. Louis development board made the request official Thursday. If approved, the incentives would be spread out over two years.

The head of the U.S. Economic Development Administration is preparing for a change in leadership for his agency following the election of Donald Trump as President. Jay Williams is confident, though, that the EDA efforts currently underway would succeed under the new administration.

Thousands of former coal workers and dependents who worked for now-bankrupt coal companies could lose their health insurance at the end of the year if Congress does not pass legislation to fund it.

Retirees in southern Illinois say losing their health insurance would amount to a broken promise from the coal companies that would have devastating effects to their well-being. Without Congressional action, Republican president-elect Donald Trump’s promise to repeal of the Affordable Care Act makes the retirees’ coverage alternatives uncertain.

The Illinois Star Centre Mall in Marion will be sold at auction.

Sealed bids are being accepted until next week.

Tranzon Asset Advisers will conduct the auction. Spokesman Carl Carter says the owners have been working the past five years to make changes so the property would be attractive to bidders.

"They reached a point where they said, 'you know what, we're really not in the business primarily of big, multi–tenant retail properties like this.' We think the property is going to do better in the hands of somebody who is."

Updated Oct. 24 at 4:20 p.m. with reaction

Another major St. Louis-based company is being sold. Scottrade has announced a $4 billion deal to be acquired by TD Ameritrade. The financial services company has been based in St. Louis since 1981.

Buick, a subsidiary of General Motors, has become the first domestic brand in more than three decades to earn one of the highest ratings for reliability from Consumer Reports. Results from the Consumer Reports Annual Brand Reliability Survey were released in Detroit Monday.

A "race to the bottom" in state workers' compensation laws has the Labor Department calling for "exploration" of federal oversight and federal minimum benefits.

"Working people are at great risk of falling into poverty," the agency says in a new report on changes in state workers' comp laws. Those changes have resulted in "the failure of state workers' compensation systems to provide [injured workers] with adequate benefits."

Much of the anger and anxiety in the 2016 election is fueled by the sense that economic opportunity is slipping away for many Americans. This week, as part of NPR's collaborative project with member stations, A Nation Engaged, we're asking the question: What can be done to create economic opportunity for more Americans?

Republican presidential hopeful Donald Trump offered a bold prediction Thursday that his economic plan will deliver up to 25 million new jobs over the next decade. He described the blueprint as "the most pro-growth, pro-jobs, pro-family plan put forth perhaps in the history of our country."

Even at this time of economic anxiety, America's system of organized labor is so convoluted, it’s no wonder unions are so unpopular.

Du Quoin State Fair Provides Economic Boost to the Region

Aug 31, 2016

Each year as summer winds downs, the city of Du Quoin becomes the most popular location in southern Illinois.

The annual Du Quoin State Fair brings thousands of people to the small town to enjoy the food, rides and entertainment.

Despite the vast differences between Donald Trump and Hillary Clinton, there were some striking similarities between the economic speeches they delivered this week. They both spoke in Michigan, where they both talked a lot about manufacturing, with both of them insisting that they would obtain fairer trade deals.

General Electric Lighting has announced plans to close its lamp plant in the central Illinois city of Mattoon next year, unless its workers come up with an acceptable alternative for the facility.

The economic impact of the potential closure of the Clinton Nuclear plant begins now, not in a year when the plant actually shuts down. Plant Spokesman Brett Nauman says the announcement also means the end of infrastructure improvements and outside work, which involves a significant workforce in the community.

Amazon.com says it will open two facilities in Edwardsville that will have 1,000 full-time jobs.

The southern Illinois fulfillment centers will be 700,000-square-feet each. Employees will pick out, pack and ship items for customers. The Seattle-based company made the announcement Thursday.

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