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  • Parent Category: News

Kankakee County financial roadmap on track

Kankakee County Board Chairman Andy Wheeler says “there’s a long way to go,” but the county is at least on track to improving its bottom line.

A $2.5 million dollar loan from local banking institutions was approved by the Finance committee (Wed). The loan will help the county get to the next tax distribution date. They money will assure payrolls are met.

Wheeler said there are some expenses that have to be met, but the focus must be to get that bottom line right and restore some reserve cash.

Wheeler said there’s a $4 million deficit... and by year’s end here in 2018 that deficit may be about $2.5 or $3 million. Progress is being made, Wheeler said, but there’s still 3-4 years of hard work to make things more right.

Wheeler said the financial advisors agree, the county is on the right path.

94.1 WGFA

  • Parent Category: News

Hoopeston targeted for new hotel, truck stop

Hoopeston has been selected as a site where a national hotel chain is looking to build. Cobblestone Hotels has agreed that Hoopeston would be a fit for one of its franchises.

Harry Brockus, CEO of Hoopeston Regional Health Center and a member of a foundation seeking economic development in Hoopeston, says a group of local investors is looking into financing and operating the hotel. He says it is proposed for a 5-acre site along Illinois route 9 between Star Chrysler and a Marathon gas station.

Brockus adds one thing being explored is possibly getting some help with funding through the USDA.

Read more: Hoopeston targeted for new hotel, truck stop

  • Parent Category: News

Unemployment figures show promise

THE UNEMPLOYMENT RATE DROPPED IN ALL 14 METRO AREAS LAST MONTH, COMPARED TO YEAR AGO LEVELS. >>>

ALL BUT THREE METRO AREAS SAW THE JOBLESS RATE DROP BY AT LEAST ONE PERCENT COMPARED TO DECEMBER OF LAST YEAR SAYS ILLINOIS DEPARTMENT OF EMPLOYMENT SECURITY SPOKESPERSON BOB GOUGH AS FOR JOB GROWTH...

GOUGH NOTES THAT MOST METRO AREAS SAW JOB NUMBERS INCREASE IN MANUFACTURING, CONSTRUCTION AND TRANSPORTATION LAST MONTH.

KANKAKEE UNEMPLOYMENT IN DECEMBER WAS 5.3%...down from 6.5% IN 2016. IROQUOIS COUNTY IS LISTED AT 4.3%, DOWN FROM 6.1% IN DECEMBER OF 2016. 

ILLINOIS BUSINESSES ADDED JOBS IN NINE METRO AREAS, WITH THE LARGEST INCREASES IN KANKAKEE at just under 3%.

94.1 WGFA

  • Parent Category: News

Will County leads Illinois in employment opportunities

In a recent study conducted by the Illinois Department of Employment Security, Will County led the state in the percentage of change in the total number of private sector, unemployment insurance-covered jobs, growing by more than 30 percent over the past seven years.

The study titled “Where Workers Work” also reported significant growth in 2017 in manufacturing, healthcare, and sales-related employment. Each of these industries are strong in Will County, but Will County Executive Larry Walsh noted challenges remain and a regional approach is the key to future success.

Read more: Will County leads Illinois in employment opportunities

  • Parent Category: News

Seven Chicago area Toys R Us stores closing

Seven Chicagoland Toys R Us stores are closing in the next few months. "USA Today" reports the retailers that will shut down starting in February are in Chicago's Bricktown Mall, Highland Park, Schaumburg, Vernon Hills, Matteson, Burbank and Niles. Toy R Us, once a national leader in toy sales, filed for bankruptcy in September.

94.1 WGFA / Metro News