Global food and agribusiness PE leader Paine Schwartz Partners invests in our plant-based specialty dough manufacturer Urban Farmer Foods through new “Food Chain Fund V” platform.
The Economic Alliance works diligently to report in a timely manner on things like local business expansion, new business development, new and enhanced development incentives, economic news and other items of interest to our community investors and investor prospects.
Now more than ever, community partners are an integral part of Kankakee County’s resiliance and growth. n 2020, United Way of Kankakee & Iroquois Counties – with our Community Foundation of Kankakee River Valley – generated and distributed more than $600,000 for emergency Covid-19 relief. While this work continues, our United Way is mission driven to serve our residential and business community each and every day by investing in the strategic areas of: youth success; economic mobility; and access to health services.
Village of Bourbonnais trustees on October 19 approved the creation of the 145-acre “North Convent St. Business District.” The district encompasses 93 parcels, including 75 commercial and residential properties. A portion of the district includes the Community Campus planning area.
Kankakee native and Spikeball CEO Chris Ruder has established a 51,000 SF Midwest distribution hub in the Kankakee Riverfront Opportunity Zone. The facility will fulfill orders from retailers including Dick’s Sporting Goods, Target, Costco and Walmart.
A vacant 576,000-square-foot warehouse in Manteno has found a new occupant and the company is seeking 600 workers. It appears the location, 1125 Sycamore Road, will house the packaging and distribution of supplies connected to COVID-19 pandemic. McKesson Corp., an Irving, Texas-based company, has signed a lease with property owner Cardinal Real Estate of Sherman Oaks, Calif. McKesson is advertising for 600 warehouse workers — specifically material handlers and machine operators — with pay at $17.45 per hour, including benefits. To support the U.S. government’s Operation Warp Speed (OWS), the company, through its centralized distribution network, will be involved with the movement of COVID-19 vaccines and ancillary supplies needed to administer vaccines.
The Community Foundation of Kankakee River Valley has announced the acceptance of applications for grants from the Robert K. Dunn Perpetual Charitable Trust Fund. The donor-advised fund was established by the trustees of Mr. Dunn’s estate in 2016. The trustees will advise the Community Foundation Board of Directors to grant up to $33,000 to one or multiple organizations that provide direct services to youth in the Greater Kankakee River Valley Area.
As solar developments emerge across Kankakee County and the state, small businesses and residents now have the opportunity to contract with approved vendors of the Illinois Shines program to offset their electric costs and support the State of Illinois’ ambitious renewable energy goals. With a Community Solar subscription, qualified users are able to participate in renewable energy generation and energy cost savings, even if they are unable to have an on‐site system at their home or business.
Kankakee Community College has added a free interactive tool to its website that helps students and prospective students find careers that match their interests. The software, called Emsi Career Coach, tailors career options for users based on questions about themselves. The personalized results include career titles, labor market data and academic programs that could lead to those demand occupations. The software can also be used to build resumes and connect to job openings locally and regionally. Career Coach is free and is available for anyone to use.
The Kankakee and Iroquois Counties COVID-19 Community Response Fund announced today it has distributed an additional $320,000 to 17 organizations serving Kankakee and Iroquois counties. The fund established by the United Way of Kankakee and Iroquois Counties and the Community Foundation of Kankakee River Valley also announced it has raised more than $650,000 since its launch in late March, including a $200,000 grant from the Illinois COVID-19 Response Fund in late May. With this most recent round of funding, the Kankakee and Iroquois Counties Response Fund has made grants of $570,000 to 30 unique organizations.