In the news
Commercial Vehicle Maker Lion Electric Announces $70 Million Facility For Joliet
RE JOURNALS – May 10, 2021
Governor JB Pritzker joined elected officials and the Lion Electric Company — a Canadian based manufacturer of all-electric medium and heavy-duty urban vehicles — to announce a significant investment in Illinois, with plans to build the company’s first-ever U.S. manufacturing facility and the largest plant of its kind in the country. A minimum of $70 million will be invested to build a new facility dedicated to producing medium and heavy-duty electric vehicles (EVs) in the U.S. The facility is expected to come online in the second half of 2022, setting into motion annual production capacity of 20,000 zero-emission vehicles a year, and creating at least 745 jobs for Illinoisans.
The new 900,000-square-foot facility represents Lion Electric’s largest dedicated production site in the U.S. The company’s expansion helps respond to increasing demand in the marketplace for “Made in America” zero-emission vehicles, while simultaneously bringing production closer to its customers. Lion’s investments also help bring Illinois closer to its own clean energy goals, with plans to increase adoption of EV’s in the state to one million by 2030.
More In The News
CED Announces Recognition of 2023 Economic Development Week
The Will County Center for Economic Development marks the week of May 8 to May 12, 2023, as Economic Development Week 2023. During this week, communities across North America will celebrate and recognize the contributions made by professional economic developers to create more economically vibrant and livable communities.
CED President & CEO Re-Appointed to Illinois Enterprise Zone Board
Doug Pryor was originally appointed to serve on the Board in September 2021 and was recently re-appointed to serve through February 2025. Each member of the board appointed by the Governor and confirmed by the Senate shall have at least 5 years of experience in business, economic development, or site location.
Greater Chicagoland Region Named Top Metropolitan Area for Corporate Site Selection and Relocation
The Greater Chicagoland Region was named top metropolitan area for corporate site selection and relocation for the 10th consecutive year. County Executive Bertino-Tarrant celebrated the announcement with World Business Chicago at an awards ceremony recognizing companies who have grown or relocated in the Chicagoland Region.