In the news
Unemployment Down & Job Creation Steady in Will County, Illinois
As of April, the county’s unemployment rate stood at 7%, below one year prior when it reached 16%
By Alex Ortiz | ShawLocal.com
Will County’s economy appears to be on solid footing as it and the nation continue to recover from the COVID-19 pandemic, according to the local Center for Economic Development.
In its virtual report to investors on Wednesday, the Will County CED highlighted several data points showing a local recovery which compares favorably to the rest of the state.
Doug Pryor, the CED’s vice president for economic development, said much like the the rest of U.S., Will County took about a 3% hit to its gross regional product in 2020, compared to the prior year due to the economic constraints of the pandemic.
“Considering where we thought we would be at the beginning of COVID, this is actually an OK number,” Pryor said.
Even with the impact, Pryor said he anticipates the county to bounce back as more vaccinations and lifting of restrictions causes economic activity to resume.
More In The News
The CED’s Infrastructure Coalition met recently for a mid-year update on State and regional transportation projects, studies, and plans. This important CED Coalition’s mission and charge is making sure Will County is meeting the infrastructure needs of our businesses and residents.
For the first time since 2019 board members, investors, partners and supporters of the Will County Center for Economic Development came together to network and hear about the successes and growth of Will County over the past year.
Harbor Freight Tools opened its new 1.6 million square foot distribution center located at 3401 Brandon Road in the CenterPoint Intermodal Center with a celebratory ribbon cutting ceremony.