Company will Modernize Facilities in Hodgkins and Rockford
HODGKINS ï¿½ December 21, 2009. Governor Pat Quinn today announced his Administration is assisting UPS with a business investment package that will result in at least 3,000 Illinois jobs being saved. The State is providing a $24 million business investment package to UPS, which will help to leverage $91 million in private investment that will be used to improve and modernize two important Illinois-based UPS facilities.
ï¿½UPS is a major employer in our state, providing good jobs and benefits to its hard-working employees. Itï¿½s important the State works with such a fine company to protect jobs, while helping to build a foundation for future growth and greater employment,ï¿½ said Governor Quinn. ï¿½By making targeted investments, we are strengthening our workforce, building our economy and creating an environment where business can thrive.ï¿½
Without the Stateï¿½s business investment package, UPS would have seriously considered moving ahead with a cost-savings plan that included facility restructurings and operational consolidation which could have resulted in significant job loss in Illinois. UPS currently has 35 locations throughout Illinois.
ï¿½UPS is pleased and appreciative of the Stateï¿½s actions to help maintain the scope of our current operations in Hodgkins and Rockford,ï¿½ said George Brooks, President of UPS North Central Region. ï¿½Our long-term objective is to maintain and grow our business in the State of Illinois.ï¿½
The Department of Commerce and Economic Opportunity (DCEO) will be administering the business investment package, which will be in the form of Economic Development for a Growing Economy tax credits over a 10-year period and employer training funds.
ï¿½To get our economy back on track, we must invest in companies that are investing in the people of Illinois,ï¿½ said DCEO Director Warren Ribley. ï¿½Our investment in UPS will help keep thousands of jobs and create greater economic growth throughout the northern Illinois region.ï¿½
The Governor was joined at UPSï¿½ Hodgkins location today by George Brooks, President of UPSï¿½ North Central Region, Director Ribley and Sen. Louis Viverito (D-Burbank).