American agricultural and seed company Corteva Agriscience will occupy the former Maytag facility in Galeburg, owned by Phoenix Investors. Phoenix has already started on building renovations; Corteva plans to occupy and open the facility this fall after renovations are complete. Read the full article at The Register-Mail.
When China joined the World Trade Organization in 2001, many American companies abandoned their U.S.-based manufacturing operations in pursuit of China’s robust manufacturing capabilities and cheap labor. This manufacturing exodus ultimately caused a severe decline in the capacity and capability of the American manufacturing sector. Labor trends have since shifted away from trade work in favor of college educations, resulting in a skilled worker shortage for manufacturers across all industries. Once-vibrant American factories have fallen into severe disrepair and contributed to urban blight across the ... Read More
As reported in PR Newswire MILWAUKEE, Aug. 31, 2020 -- An affiliate of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced it leased approximately 300,000 square feet of the former Maytag Facility located at 1801 Monmouth Blvd, Galesburg, Illinois to Corteva Agriscience. Corteva Agriscience is a major American agricultural chemical and seed company that was the agricultural division of DowDuPont prior to being spun off as an independent public company. DowDuPont announced the Corteva name in February 2018, saying that it was "derived from a combination of words meaning 'heart' ... Read More