Local Business Headlines
- St. Louis Freightway, Port of New Orleans sign pact aimed at fostering economic growth
- J.C. Penney says it will close up to 140 stores
- Alton resident presented Living Legends Award
- Economic development course series starts March 1
- World’s Largest Garage Sale makes return April 23
- CNB Bank & Trust announces new financial advisor
- SIUE implements reverse transfer credit program with LCCC
- Divine Immanence LLC, Maryville beauty supply business, opens
Expiring tax sets stage for statehouse debate
With the election of Bruce Rauner as Illinois’ next governor, competing fiscal ideologies have started rumbling down the tracks toward one another. It may be Memorial Day before the dust settles and we see how things come out.
The temporary income tax increases of 3.75 percent to 5 percent for personal and 5.25 percent to 7 percent for corporations will expire at the end of the year leaving a $6.5 billion hole in the state’s Fiscal 2015 budget. Gov. Pat Quinn had called for making the temporary increase permanent but Rauner had run on the proposal to not just repeal the tax increase but to lower rates the rates to 3 percent and 4.8 percent respectively.
First-of-its-kind business moving into Alton Center Business Park
A new business is being launched in 42,000 square feet of the Alton Center Business Park with plans to expand to more than 100,000 square feet within two years.
The business, Advanced Outsource Solutions, is the brainchild of Steve Brenegan, senior vice president of Challenge Unlimited, and Tami Anstedt, its general manager. Challenge Unlimited is a nonprofit corporation that has provided work-related opportunities to individuals with disabilities in Southwestern Illinois for 55 years. While AOS will be an independent, for-profit corporation, it is an offshoot of Challenge Unlimited, and Challenge is helping get it off the ground. Anstedt will move over to head the new company.
Office complex ready to launch in Columbia
Simmons employees deliver 30K pounds of food to Madison County pantries
Pantries in Chicago, Los Angeles and San Francisco also receive holiday aid
ALTON — Five Madison County pantries received a special delivery from Simmons Hanly Conroy employees on Friday, Nov. 21. Each delivery was roughly 6,000 pounds of food items raised during the 8th Annual Simmons Employee Foundation Food Drive. The firm’s Alton office raised a total of 30,060 pounds of food and surpassed its original goal of 25,000 pounds, according to Amy Fair, foundation director and the head of the Asbestos Medical Department.