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As first published by Will Stevenson for WGIL, contributions by Jay Redfern. It was 22 years ago next week that the announcement was made that Maytag would be closing its Galesburg refrigerator plant. The plant property was purchased by Phoenix Investors in 2019, when it wasn’t in that great of shape. “Very few industrial real estate companies are like Phoenix, where Phoenix comes in and they invest in their property,” said Springer. “They put money into them. They help finish them off. They fix ... Read More

As first published by Jay Redfern for WGIL. A company that specializes in the production and distribution of crafted meat snacks plans a nearly $50 million expansion project in Galesburg, a move that’s expected to create between 150 and 180 manufacturing jobs and breathe new life into the unused portion of the former Maytag facility. Aldermen at the Oct. 7 meeting of the Galesburg City Council will consider a $1 million development agreement with Thrushwood Farms Quality Meats, Inc., a subsidiary of Western Smokehouse Partners. ... Read More

The technology sector has seen major advances in technologies like the Internet of Things (IoT) and artificial intelligence (AI) over the last few years as pandemic-era efforts to advance automation capabilities come to fruition. Meanwhile, the Inflation Reduction Act has incentivized businesses to bring production back to the United States. Similarly, the CHIPS and Science Act incentivizes facilities that manufacture microchips and supporting technologies as the government attempts to bolster the U.S. technology supply chain. These moves have been a boon for commercial real estate. ... Read More