James Senica, senior funding manager from the Illinois Finance
Authority, spoke to the group regarding funding options for building
expansion or the purchase of capital equipment. In addition, the
organizations had the opportunity to introduce themselves and
network among each other.
A manufacturers' council enables
manufacturers to network and as a result can form new joint
projects, thus creating more jobs in Logan County. The Logan County
group will meet two to four times per year with new guest speakers.
The next meeting is scheduled for Sept. 23.
Joel Smiley, executive director of the partnership, said: "The
manufacturers' council will provide Logan County with a great
business retention tool and assist with expansion of current
operations. Statistics show that 70 percent of new job growth comes
from existing businesses growing. The council will keep
manufacturers knowledgeable with information on new credits and
vital information to help make key decisions."
Any manufacturer wanting to become involved can contact Smiley at
217-732-8739 or EconDev@LincolnLogan.com.
The Lincoln & Logan County
Development Partnership is the economic development agency for
the city of Lincoln and Logan County.
[Text from file received; LDN]