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 Will County Center for Economic Development (CED) will be hosting public meetings on Tuesday, November 14th in Joliet and Lockport to share information and invite community participation in the Will County Brownfields Program.
On behalf of the CED Board of Directors and staff, we are deeply saddened by the passing of CED Board Chair Ruth Colby.
The Will County CED has aligned with IMEC (Illinois Manufacturing Excellence Center) and Joliet Junior College to present the first in a series of workshops aimed at supporting Will County manufacturers looking to grow, plan, improve, and lead.