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City of Decatur, Illinois (217)424-2778
Embedded video from WCIA
Council received an economic update from Economic Development Officer Patrick Hoban. According to the report, there has been more than $20 million in investment in Decatur since January 2014 based upon the number of building permits secured, 246 new project inquiries and 89 new retail and non-retail projects started. Hoban emphasized that sometimes projects can take some time to come to fruition once they begin.
Additionally, Hoban reported that the local unemployment rate has fallen considerably to 9.1 percent, which is the lowest level in six years according to the Illinois Department of Employment Security. That rate falls to 8.4 percent if the additional people actually employed in Decatur who don’t live within the city’s borders are tallied as part of local employment totals.
Hoban added that there were 7,006 job openings in Decatur and Springfield as of May 2014.
For monthly updates see Decatur Retail's Economic Dashboard.
The City of Decatur and the Economic Development Corporation of Decatur and Macon County (“EDC”) are jointly sponsoring a public informational meeting on the Decatur Plugged-In Initiative. The meeting will be held at 9 a.m. on Thursday, May 29 in the Madden Auditorium at the Decatur Public Library.
Cindy Laegeler, one of the community leaders who has worked to develop this initiative stated: “Decatur Plugged-In began as a simple idea to expand the number of neighborhood cameras used to monitor areas of higher crime incidence and has subsequently grown into a major community initiative with broad-ranging applicability and significant economic and quality of life implications. What is now envisioned is the development of a high-speed, high-capacity fiber backbone through the core of the City of Decatur.”
Ryan McCrady, City Manager for the City of Decatur and one of the individuals who has worked to develop the full scope of this initiative noted: “The City of Decatur has taken initial developmental steps with the installation of fiber to connect key City facilities. The full development of this system will provide opportunities for educational institutions, businesses, governmental units and individuals to tap into the capabilities this fiber network can provide. In addition to the significant economic benefits, the system will also greatly enhance the perception and reality of quality of life attributes of our community.”