*** UPDATED x1 *** Et tu, Cubbies?
Thursday, Sep 18, 2014 - Posted by Rich Miller
* Tribune…
Despite a close proximity and upgrades, Kane County will lose its affiliation with the Chicago Cubs to South Bend [Indiana].
The Cubs will announce Thursday their new agreement with South Bend after two successful seasons with Kane County, which promised upgrades to its facility that included a climate-controlled batting cage, an expanded weight room and a video room for players and coaches for evaluation purposes at Fifth Third Bank in Geneva.
* Meanwhile, from Indiana’s Economic Development Corporation…
Chicago Craft Bottling, LLC announced plans today to locate its first Indiana bottling facility here, creating up to 35 new jobs by 2017.
“Companies like Chicago Craft Bottling save money in Indiana, from our lower tax burdens to our more affordable cost of doing business,” said Eric Doden, president of the Indiana Economic Development Corporation. “Those savings earn companies a competitive advantage, allowing them to reinvest in their operations. That keeps Indiana businesses growing, expanding our economy and creating more jobs for Hoosiers.”
The Chicago, Illinois-based company will invest $910,000 to construct and equip a new 10,000 square-foot bottling and packaging plant. The new facility, which is expected to be operational by the end of the year, will allow the company to provide bottling and co-packing services to craft and innovative beverages, including its anchor client, Crafthouse Cocktails. Chicago Craft Bottling plans to hire for approximately 10 new positions in Indiana by early November. […]
The Indiana Economic Development Corporation offered Chicago Craft Bottling, LLC up to $295,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Michigan City approved additional tax abatement at the request of the Economic Development Corporation Michigan City.
So, they want the obvious cachet of our largest city’s name, but they don’t want to make it here. The mayor ought to do something about that one.
* Now, on to some good news…
The Illinois unemployment rate fell in August for the sixth consecutive month to reach 6.7 percent while employers created +13,800 jobs, according to preliminary data released today by the Bureau of Labor Statistics and the Illinois Department of Employment Security. The data is seasonally adjusted.
The drop from 9.2 percent one year ago marks the largest year-over-year decline since 1984. The last time the rate was lower than 6.7 was in July 2008 when it was 6.6. Also, there are +40,600 more jobs than one year ago.
“Five months of job creation coupled with increased help-wanted advertising indicate a bit of momentum as we head into the Fall,” IDES Director Jay Rowell said. “It is not surprising that fewer people are looking for work given retirement trends, although it does underscore that more needs to be done to give the long-term unemployed the skills necessary to secure meaningful employment.”
Since 1976, the monthly Illinois rate has averaged 0.6 points higher than the national rate. August marks the second consecutive month that the state rate has hit that benchmark. Illinois last did so in Spring, 2012. […]
August job growth was led by Leisure and Hospitality (+5,000), Trade, Transportation and Utilities (+4,300), and Professional and Business Services (+3,300). Other Services (-1,800), Education and Health Services ( 1,700) and Financial Activities (-300) declined.
*** UPDATE *** Bruce Rauner…
“It’s always good news when more Illinoisans are working. Unfortunately, we still have a huge ways to go to get out of the massive hole that’s been dug in our state by the Quinn-Madigan-Blagojevich machine. We need to put our economy on jet fuel, and under Pat Quinn it’s struggling along on leaded gas. It took eight months to add a single job this year.”