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July 15, 2013

Greetings~

 

This edition of NewsLink spotlights more good news for Scott Air Force Base as it welcomes a dozen new civilian jobs this summer. Also in the news in recent weeks is the planned start of construction on an $8 million senior housing facility in Edwardsville, a variety of investments being made by Ameren Illinois across the Metro East and new transactions taking place in our region's logistics sector. Read on for all the details on these and more.

Have a great week!

 

Ellen

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U.S. Army container unit brings new civilian jobs to Scott (The Belleville News-Democrat, July 11, 2013)

A U.S. Army transportation unit has moved from Pennsylvania to Scott Air Force Base, bringing at least 12 civilian jobs. The Army Intermodal and Distribution Platform Management Office, known as AIDPMO, completed its move to Scott in early June. (Read more)

 

Cedarhurst is moving forward (The Edwardsville Intelligencer, July 12, 2013)

Construction will soon begin at 7108 Marine Road for a 54-apartment memory care facility. Cedarhurst of Edwardsville is an $8 million, 32,987-square-foot, single-story building that, once completed, will offer unique care to the residents of the city. Construction will be completed by Leadership Council member Impact Strategies and is expected to last seven months, with a projected opening date of late March of 2014. (Read more)

 

 

Ameren completes Jersey substation (The Alton Telegraph, July 15, 2013)

           

Leadership Council member Ameren Illinois recently completed two electric infrastructure Ameren IL Logo improvement projects in Jerseyville and plans millions of dollars more in other projects in Metro East. In Jerseyville, the $1.7 million project added a second substation transformer and a new circuit feeder on Maple Summit across from West Elementary School. These upgrades will help Ameren Illinois avoid outages by giving the utility ability to quickly connect customers to an alternate power source. (Read more)

 

 
REIT to buy Metro East property for $53 million (St. Louis Business Journal, July 2, 2013)
  
A subsidiary of WPT Industrial Real Estate Investment Trust plans to buy a distribution center in Pontoon Beach, Ill., for about $53 million from Welsh Property Trust LLC. The single-tenant bulk industrial building has about 1.3 million square feet of space. The property is currently fully leased to Conopco Inc., which does business as Unilever Home & Personal Care USA, a division of Unilever. (Read more)

 

 

Ameren Illinois accelerates natural gas investment (St. Louis Business Journal, June 28, 2013)

  
In 2011, Ameren Illinois, a Leadership Council member, unveiled a $643 million plan to upgrade and modernize its electrical distribution system. Now the utility is charged up about its next big energy-system investment: acceleration of a blueprint to modernize natural-gas delivery. The utility, which serves 1.2 million electricity customers and 806,000 natural gas customers in Central and Southern Illinois, recently secured state legislative approval of a plan to accelerate a natural gas infrastructure upgrade program with an additional $330 million investment over 10 years. The St. Louis Business Journal reports the program will generate 150 new full-time jobs at Ameren Illinois, plus an estimated 200 - 250 additional contract jobs. (Read more)

In Other News

 

Route 3 Corridor study shows need for levee protection (The Alton Telegraph, July 5, 2013)

Rich Connor The Alton Telegraph was one of several local publications that recently featured a commentary by  Rich Conner, who serves both as the Chairman of the Leadership Council and the St. Louis Metro East Levee Issues Alliance. In the commentary, Conner discussed the recent Illinois Route 3 corridor study, conducted by Leadership Council member Heartland Conservancy. The study revealed that Illinois Route 3, which is the backbone of the nearly 60-mile long, 5-mile-wide economic corridor in the levee-protected American Bottom, has a significant impact on our region. As a way to guarantee future protection of the communities and the 1,380 businesses that lie within the corridor, the Southwestern Illinois Flood Prevention District Council is ramping up work on a $161 million project to improve the levees to federal standards by 2015. Conner applauded the county leadership and the Flood Prevention District Council for their work to improve the levee system, and he reinforced that the American Bottom is open for business. (Read more)

 

Waterloo bank bucks recession, looking to acquire (St. Louis Business Journal, July 12, 2013)

The recession didn't slow growth at First National Bank of Waterloo, at least not much. In the last four years, the bank has grown assets $100 million, to $369 million, added almost $1.5 million in annual profit, to $2.47 million, and reduced its Texas credit risk ratio to 21 percent from 34 percent. And during the last seven years, it has opened branches in Millstadt and O'Fallon that have added more than $40 million in loans and $45 million in deposits, which total $316 million. (Read more)

Contact Information

Ellen Krohne

 Executive Director

Leadership Council Southwestern Illinois

618-692-9745

 

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