//
you're reading...
Illinois Employment & Jobs

Big Blagojevich Donor Gets $10.3 Million State Investment Package to Keep 300 Jobs in Illinois


(Chicago, IL) — April 12, 2011. Governor Pat Quinn today announced a $10.3 million business investment package to help a Chicago-based steel manufacturer, a large source of campaign cash to ex-Governor Rod Blagojevich, expand its operations and help keep more 300 jobs in Illinois.

“We’re helping to keep good-paying, sustainable jobs right here in Illinois, boosting our manufacturing industry and improving our economic competitiveness,” said Quinn.

A. Finkl & Sons, which donated more than $400,000 to Blagojevich over the years and where the ex-governor’s father worked, is the world’s leading manufacturer of specialty steel alloys and plans to construct a new $150-million manufacturing campus on Chicago’s south side.

Finkl has been working with state and city officials to relocate to a larger facility that would allow the company to expand production and increase its product lines to serve a growing global marketplace.  The company plans to redevelop the 44-acre former Verson Steel plant that has been vacant for many years.

The plant will serve as the company’s North American headquarters. Finkl considered other locations for expansion, but ultimately opted to remain in Chicago rather than move out of state or to Quebec, Canada.

“Illinois is a competitive place to do business, and Finkl’s decision to stay in the state is a huge positive for our economy and for job growth and investment,” said Warren Ribley, director of the Illinois Department of Commerce and Economic Opportunity.

“By supporting the Finkl project, we are helping to ensure businesses can remain and thrive.”

DCEO is administering the state’s $10.3 million business investment package. In addition to support from the state, Chicago’s Community Development Commission approved $20 million of support through the Burnside Tax Increment Financing (TIF) district.

About David Ormsby

David, a public relations consultant and Huffington Post blogger, is an ex-Press Secretary of the Illinois Democratic Party.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Submit your email address and be among the first to receive our posts by e-mail as soon as they are published. It's free.

David Ormsby, Editor

RSS Gov. Pat Quinn

  • An error has occurred; the feed is probably down. Try again later.
%d bloggers like this: