Governor Pat Quinn was on hand for a major jobs announcement in northern Illinois Thursday morning. Woodward Incorporated says it will build a second campus in Loves Park. The aerospace manufacturer's local expansion will result in more than 600 new jobs over the next five years.
The Whiteside County portion of a proposed wind farm near Deer Grove won approval Tuesday from the county board, while the Ogle County Board okayed a special-use permit for a wind farm near Baileyville.
Subject to conditions, Ireland-based Mainstream Renewable Power can build seven turbines in far southeastern Whiteside County. The board also approved two others, but officials said those need to get the nod from the Deer Grove village board.
That's exactly the same headline as back in May, when the company reported record performance for the second quarter. This morning, Deere reported third -quarter net income totaled $788 million, or $1.98 cents per share, compared to $1.69 a year ago. It's the ninth consecutive quarter the company has reported record earnings. In addition, revenue and net sales jumped 15 per cent in the third quarter.
In 2011, Illinois saw a net gain in manufacturing jobs. The Illinois Manufacturers' Association says it was the first time that has happened since the late 1990's. The association says there are several contributing factors, including the growing cost of producing products in China.