Milwaukee-based Phoenix Investors announced Corteva Agriscience will be the the new tenant of their property in Galesburg. The facility is a former Maytag building located on Monmouth Boulevard. “Corteva will use (the site) as a regional distribution hub for its agricultural products,” Phoenix Chairman & Founder Frank Crivello said. Read the full article at The Register-Mail. ABOUT PHOENIX INVESTORS In 1991, Frank P. Crivello created two private trusts, Irrevocable Children’s Trust and Irrevocable Children’s Trust No.2 (the “Trusts”), for the benefit of his children, Joseph and Anthony ... Read More
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