Visit Kankakee County announced the area generated a local economic impact of $171.6 million and contributed to an increase in visitor spending across Illinois in 2022. In addition, this boost in tourism contributed $6.6 million in local tax revenue while directly supporting 1,229 jobs in the tourism and hospitality industry, according to the latest data provided by Tourism Economics, a global tourism research firm, which measures the number of visitors as well as their impact on Illinois’ economy during the 2022 calendar year.
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.
With a cost of living below the national average, employment opportunities to earn a substantial income and being ranked in the top among small communities for nursing, carpentry, law enforcement and manufacturing hubs, Kankakee County is worth a second look.
In a flash poll of Kankakee County lenders on Monday, the Economic Alliance learned that in the federal Paycheck Protection Program’s initial $350 billion round of emergency funding, more than 1,500 regional businesses were served, with approved loans totaling more than $260 million. According to those polled, the majority of businesses had already received a disbursement. In this initial round, businesses served employ more than 30,000 individuals.