Illinois Public Media News
Nonprofit groups in Central Illinois can start applying for low-interest loans of up to $15,000.
The loans are being distributed by the Community Foundation of East Central Illinois, which received a $100,000 grant from the Marajen Stevick Foundation to run the program.
Joan Dixon, executive director of the Community Foundation, said the state's economic woes have had a ripple effect on many businesses, resulting in staff cuts and program reductions. Dixon said after reviewing more than 120 nonprofit groups, she found that the most pressing concern among struggling organizations was the state's five to six billion dollar backlog of unpaid bills. She said the loan is not meant to be a temporary solution.
"This would be a way - we hope - for a not-for-profit to bridge the gap between their situations right now, and when they get their state promised checks," she said. "If the situation is very dire, and $15,000 is just going to buy you another month, that might not be the right approach to take, but we would help them try to figure those kinds of things out."
Groups that apply for the loan would be charged a $25 dollar registration fee and required to show detailed financial records. The loans, which would carry a one to two percent interest rate, would have to be repaid within 12 months.
Dixon said she hopes the program can continue revolving in this way, so that many nonprofit groups can benefit from the loan.
Officials from Dynergy Inc. have raised concerns about the Vermilion Power Station's long-term stability.
The Houston-based company owns four power plants in Illinois, in addition to the Vermilion plant located near Oakwood. Dynergy spokesman David Byford said because of challenging market conditions coupled with the cost of transporting coal that is trucked to the plant, his company is looking at 'options' for the 54-year-old power station.
"For the short term, it's business as usual for the plant," Byford said.
Byford would not go into detail about what options the company's pursuing.
Dynegy may soon merge with the Blackstone Group for about $4.7 billion, which would include the assumption of Dynegy's debt. Dynegy Shareholders are scheduled to vote on the merger next week in Houston.
The land that was to be the site of a futuristic clean-coal burning power plant has been returned to the community of Mattoon.
The area that was to have hosted FutureGen was given back Thursday by the FutureGen Alliance. Mattoon dropped out of plans for FutureGen once they were reconfigured by the Department of Energy. This announcement allows the community to market the 440 acres to other businesses.
Coles Together President Angela Griffin said four companies that are not being disclosed have already toured the land. She said the goal is lure something similar to FutureGen. It is estimated that tens of millions of dollars was spent to survey, engineer, and analyze the area.
Griffin said that money will not be recouped, but is not a total loss.
"The work that was done is still valid and good," Griffin said. "And so we're able to use that - the completed surveys and the completed engineering. And that all has value. I don't think anybody will be able to recover costs for dollars that were spent to characterize the site in any way."
Griffin also said putting a dollar figure on the amount spent would be difficult, since so many entities paid for the work, including the state, city, the FutureGen Alliance, and the Southern Illinois University Clean Coal Review Board. She said this news should provide some relief for Mattoon residents, and remind them they will be kept apprised of any plans for the land.
"I think (Thursdays) news is going to put a lot of relief in the hearts of people who gave one way or another to the FutureGen effort," Griffin said. "The site did return to the community. We do control it now, and we'll able to determine what goes in there, and the community doesn't have to worry that something will happen there that they're opposed to."
An informational meeting regarding the future of the site is planned for Monday morning at 9 at Pagliacci's Restaurant in Mattoon. Meanwhile, the FutureGen Alliance reported that nine communities met Wednesday's deadline to be part of what's called FutureGen 2.0. The host city to be selected early next year will store carbon emissions, working with a power plant in the western Illinois community of Meredosia.
Champaign's Virginia Theatre is nearing the end of renovations to its lobby and exterior, and will open again to audiences.
However, the nearly 90-year-old facility will be closing again in the next couple of years for handicapped accessible seating, plaster work inside the theater, and electric work. The $500,000 grant was part of the Illinois Jobs Now capital program.
Champaign Park District spokeswoman Laura Auteberry said an exact closure date will be within two years of when the grant is initiated. So it could be as soon as next summer, but she said the key is to avoid conflicting with Roger Ebert's Annual Film Festival in April. The work is expected to take at least six months.
The Park District got half of what it requested for the state grant, so Auteberry said the ADA compliance and other work will have to be pared down.
"So we're going to take a look at what we submitted, which initially included replacement of the current seating and replacement of all the plaster work inside the entire house," Auteberry said. "But it also included some acoustical infrastucture improvements upgrades, and electrical and lighting work on stage."
The next performance this year is the annual Chorale concert on New Year's Eve. Auteberry says the public will notice changes right away, including new carpeting, exterior and interior doors, and plaster work.
The Park District staff is also working with a sign company to take down the old theater marquee, and design for the new one to be put up in the next few weeks. The current work on the Virginia was paid for with a bequest from the estate of the late Michael Carragher, and other private funds.
(Photo courtesy of the Champaign Park District)
A central Illinois cheese-maker is voluntarily recalling some of its cheese products, because they may contain antibiotics.
The Illinois Department of Public Health says the products from Ropp Jersey Cheese in Normal were not properly tested, and could pose a danger for people who are allergic to antibiotics. But so far, Public Health officials say they haven't received any reports of adverse reactions.
The recall involves Ropp Jersey cheese products with various sell-by dates ranging from April through September of 2011:
* 4/17/11 through 4/19/11
* 6/8/11 through 6/11/11
* 6/17/11 through 6/27/11
* 7/4/11 through 7/10/11
* 7/16/11 through 7/28/11
* 8/4/11 through 8/7/11
* 8/14/11 through 8/28/11
* 9/5/11 through 9/10/11
The cheese products were sold at stores and wineries throughout in Illinois, including Schnucks and Friar Tucks. Public Health officials say the products can be returned to the place of purchase for replacement.
Archer Daniels Midland's plan to buy a downtown building is one in a series of moves to spur economic growth in the area, according to a Decatur city official.
The agricultural processor has entered into an agreement with Reynolds Development to purchase the building adjacent to ADM's Global Technology Center on North Water Street. Moving 350 employees there from other parts of the city will boost the company's downtown workforce to about 700 people, about 17-percent of ADM's local workforce. The company will decide which employees move to the Reynolds building by the end of the year.
Decatur Assistant City Manager Billy Tyus said ADM's agreement is moving forward as soon as possible, and helping to complete a longtime vision.
"These are folks who will shop in downtown stores, who will eat in downtown restaurants, and will hopefully visit downtown entertainment venues," Tyus said. "We think it's just one more step in our producing a downtown that will be a 24-hour living environment, which is what we've been working towards for some time now."
The new ADM facility will still house a Regions Bank branch currently in the building. Meanwhile, Reynolds Development is planning another downtown development for luring in restaurants, office, and retail development. That facility will also house an insurance company that Reynolds operates. To add to the development, the city of Decatur has been negotiating with the state to take over jurisdiction of US Route 51, and move it out of the downtown area. Tyus said that will allow for the re-routing of truck traffic.
On Thursday night, Decatur's city council will be asked to approve an agreement with ADM to allow downtown additional parking for employees that will be moving into that area.
Customers in two of the three zip codes covered by the Champaign Post Office may not notice when their service switches to a different postal station this weekend.
On Saturday, delivery to the 61821 zip code serving the west side of Champaign will move from the main station on Mattis Avenue to the Neil Street station downtown. Delivery of mail to the 61622 zip code in the rural outskirts of Champaign will change from the Neil Street station to Mattis Avenue.
Jason Stalter of the Champaign Post Office said the only difference postal customers should see is when they have to go to a post office about their mail.
The Neil Street post office will continue to handle mail to the 61820 zip code --- Champaign's busiest. Post Office box service and the Campustown postal station will not be affected by the switch.
The city of Decatur will lose about 80 jobs at one of its biggest employers, but a city official said it is better than losing the entire facility.
Reports of Tate and Lyle looking for a new headquarters site near Chicago stirred worries that the firm with deep roots in Decatur was going to relocate its U.S. headquarters, but on Tuesday the British-based food ingredients processor announced plans to build a "Commercial and Food Innovation Center" in Hoffman Estates. The new operation will house the majority of research and development now being done in Decatur. About 160 positions will be based in the new Center, but the firm said only about 80 will be relocated from Decatur.
"We're excited about this investment that we're making, and it's really helping to transform the company into the world leading specialty food and ingredients business," said company spokesman Chris Olsen.
The company, which makes products such as high fructose corn syrup, will keep its American headquarters and leadership team in place - and for that, Decatur city manager Ryan McCrady credited the persuasive powers of area leaders.
"At the end of the day we don't exactly know why they make their decisions," McCrady said. "Obviously Decatur is a much lower-cost alternative as far as operating when you compare it to Chicago. Low water and sewer rates and our inexpensive housing for their employees we feel are all a factor."
Tate and Lyle will get a $15 million package of incentives from the state Department of Commerce and Economic Opportunity for the new Chicago-area facility, but McCrady said the state has to walk a fine line between helping one location and helping the entire state retain jobs.
With about 500 jobs remaining in Decatur, Olson said the company will continue to be a significant part of the community.
A Champaign manufacturer of semiconductors for solar energy has received a more than $2 million grant.
Federal stimulus money will boost production capacity at EpiWorks, and cut down its fossil fuel consumption. The funds will also let the facility add about 30 jobs. Illinois Department of Commerce and Economic Opportunity Director Warren Ribley was at the plant Tuesday to announce the $2.5 million Green Business Development Grant. Ribley said manufacturing through green energy has been a priority for some time. He said more than $6 million set aside for East Central Illinois is primarily aimed at renewable sources, and developing companies that support them.
"We have to have a broad energy portfolio that depends on wind, solar, clean coal technology, and energy efficiency," said Ribley. "All of those things combined help reduce our dependence on foreign petroleum."
Joining Ribley Tuesday were a number of area city and school officials who have received stimulus funds to help their facilities become more energy efficient. Recipients include the cities of Tuscola and Arcola - each for building wind turbines. The Prairieview-Ogden school district is also installing a wind turbine, and Champaign's Bottenfield, Westview, and Robeson Elementary schools are getting new boilers and ventilators. Four of the grants are more than $400,000. The Arcola grant was just over $60-thousand.
During Ribley's visit to Champaign Tuesday, he also said the former Meadowbrook Farms site in Rantoul could one day soon resemble its old self. Earlier this week, Trim-Rite announced it was leasing and reopening the 2,000 acre site that closed earlier this year, and hiring 100 people when it starts operations next spring. Ribley said the newness of Trim-Rite's facilities, its size, and the state of the industry should mean more jobs soon after its spring 2011 opening.
"We are seeing a lot of interest in the food processing area, particularly in animal processing," he said. "That tells us that demand is growing, not only domestically, but internationally. So we think it's just the beginning. Illinois is a terrific workforce, it's a terrific location to move its product anywhere in the world."
Ribley added that several companies looked at the former Meadowbrook site before Trim-Rite committed to it. The company's president pledges the facility will use state-of-the-art equipment and be "the most modern hog processing facility'' in the country.
(Photo by Jeff Bossert/WILL)
A new operator is now formally in place for a pork processing plant that shut its doors more than a year ago.
Trim Rite Food Corporation is based in the Chicago suburbs -- produces hams, pork loins and other cuts for stores and restaurants. It's agreed to lease, retool and reopen the former Meadowbrook Farms plant west of Rantoul for 5.6 million dollars.
The state Department of Commerce and Economic Opportunity says Trim Rite plans to hire about 100 people for the plant later this fall -- the state agency has chipped in $767,000 in tax credits based on job creation and training.
Meadowbrook Farms was a farmer-owned cooperative that ran into financial difficulty soon after it opened the pork processing plant in 2004.
Page 71 of 82 pages ‹ First < 69 70 71 72 73 > Last ›