A new fertilizer plant slated for Tuscola is further delayed and projected to be more costly than originally touted. This spring Cronus Chemicals quietly announced on its website that the estimated cost is now $1.9 billion – more than 30 percent above the original estimate. The website also says the plant will not be finished until the last quarter of 2019 – or at least 30 months later than the initial completion date.
By Britney Clapp / For CU-CitizenAccess.org — Since 2008, the U.S. economy has taken a downfall, and many businesses have been forced to close. Fortunately, businesses in Champaign County have not been as permanently damaged. “While the Champaign County has suffered since 2007, we were not hurt as much as most of the state and nation,” Cameron Moore, the chief executive officer of Champaign County Regional Planning Commission, said. “We seem to be recovering faster than many areas and currently most economic indicators are trending up.”
Champaign County has a diverse economy, and overall, its general economic make up has not changed much since 2007 with many jobs coming from agriculture, health care and government. “(We rely on those and) our position as regional commerce center to provide most of the energy for our local economy,” Moore said. Characteristics of successful businesses
“Successful business owners can both lead the organization and delegate responsibility,” David Sinow, a finance professor at the University of Illinois, said.
By Jeff Kelly Lowenstein/Hoy — Rantoul is a town with a proud military heritage. You see it on the name “Veterans Parkway” and the series of red, white and blue rectangular banners that line the side of the street on telephone poles along Route 136. Here is a tribute to Pfc. Jesse Kessler. There is a flag honoring Sgt. Jason M. Berry.
Jobs, jobs, jobs. That’s been the national mantra since the Great Recession hit in 2008, and it does not seem to be going anywhere. In our perpetual quest to illuminate U.S. connections with the world, Latitude News hit the streets of Danville, Illinois this week to ask people about the global economy. Danville’s large local employers include a VA hospital, a Quaker Foods factory and an airplane parts maker, but folks in Danville said local job prospects were dismal. Read full story here.