According to the December 2009 issue of Profitwise News and Views, a publication of the Federal Reserve Bank of Chicago, Peoria was identified as one of ten US resurgent cities. Rick Mattoon, a Federal Reserve Bank of Chicago senior economist and economic advisor, cited a study from the Boston Fed entitled, "Reinvigorating Springfield's Economy: Lessons from Resurgent Cities." The report stated that across the ten cities, industry mix, demographics, and geography were not the dominant factors in their renewal. Rather, the principal factor is social capital - leadership from government, nonprofit, and business sectors.
by Cindy Patterson, Economic Development Council for Central Illinois
The Specialized Manufacturing Strategy Group of the Economic Development Council for Central Illinois (EDC) is driving change. This diverse group of manufacturers, economic development and business resource professionals gather regularly to explore new manufacturing opportunities to diversify their businesses and strengthen our region. [Full Story]
by Jessica Moroz, Economic Development Council for Central Illinois
We have dealt with immense struggles during this economic crisis, and yet we have refused to ignore that this region has many bright spots. One such bright spot is the healthcare industry. [Full Story]
by: Jim McConoughey, Heartland Partnership
The Peoria Metro has been center stage for Vaudeville, a whiskey capital and a manufacturing mecca. Could the region become a healthcare hotspot next? [Full Story]
by Steve Jaeger, Heart of Illinois Regional Port District
In May 1997, a group of federal Department of Transportation staffers convened in a hotel meeting room outside the Memphis airport with a selected cluster of academics from the then-smattering of universities offering programs in transportation and logistics. Their mission was simple enough, yet audaciously ambitious: revolutionizing the way imported consumer goods move into the American Midwest. [Full Story]
by: Kyle Ham, Peoria NEXT
Diversity is often mistaken for a purely social and moral issue, but this viewpoint neglects to account for a much larger truth. Diversity in the workforce must be recognized as a competitive edge and a business opportunity, especially in today's globally influenced economy. The unique perspectives that result from encouraging diversity of thought and experience are vital to economic success, and the Peoria NEXT Innovation Center leads the charge for an economically diverse Peoria. [Full Story]
While many companies are scaling back, Homeway Homes is forging ahead of the competition. This regional business is an internationally recognized home builder and Friday, the company was the chosen location for a political stop by a gubernatorial candidate. The candidate chose Homeway Homes' location because this company is a shining example of success.
Economic Development Council for Central Illinois, The Heartland Partnership and Peoria Area Chamber of Commerce present: ECONOMIC CLIMATE 2010
What does the 2010 economic climate for the Peoria Metro area look like? Join us February 25, from 7:00 to 8:30am at WeaverRidge to find out. Multiple presenters will provide updates on our region’s main growth sectors of healthcare, small business and green sustainability. Plus we will get a snapshot of our regional assets and look ahead to see what’s in store for our general economy for 2010.