Dwight, Ill. (Sept. 13, 2010) – ALDI hosts two open house and grand opening events, Sept. 27.  Join community leaders and ALDI officials welcoming the newest Moline and Davenport ALDI stores. Open house activities include product sampling from 9 a.m. to 1 p.m.  Both stores will also be officially open for business.

Expansion to Support 3,000 Jobs; Navistar’s $205 Million Investment will Spur Economic Growth Across Northeast Illinois

LISLE – September 8, 2010. Governor Pat Quinn today announced that Navistar International Corporation will keep its headquarters in Illinois and is moving forward with its plans to expand its Illinois operations, which will create and retain 3,000 permanent jobs and 400 construction jobs over the next several years. Governor Quinn proposed, helped to pass and signed legislation into law in June to expand the Economic Development for a Growing Economy (EDGE) tax credit that specifically benefits Navistar, which was the company’s determining factor to stay in Illinois.

“Navistar knows that there is no better place to expand its operations than Illinois, and we tailored a targeted investment package to meet the company’s needs and keep thousands of people working,” said Governor Quinn. “By being innovative and aggressive, we’re seeing significant investment in Illinois, which is creating more jobs and moving our economic recovery forward.”

Navistar’s $205 million investment will help the truck and diesel engine manufacturer relocate its headquarters from Warrenville to Lisle and assist with upgrades to an existing manufacturing and research and development facility. In addition, Navistar will make a significant investment to relocate its parts distribution center, currently located in West Chicago, to Joliet.

The announcement comes following the company’s decision to terminate its initial plans to open a new headquarters in Lisle after meeting local opposition. Governor Quinn and Attorney General Lisa Madigan immediately stepped in to help resolve those issues, and the reconfigured project is now moving forward.

“At Navistar, we like to say that we always want to stand up and stand tall for what we believe, we’re here today because Gov. Quinn did just that,” said Navistar Chairman, President and CEO Dan Ustian. “He stood up for good paying jobs, for economic development and for Lisle and Navistar. We are grateful to his administration and to Attorney General Lisa Madigan for her leadership.”

The Illinois Department of Commerce and Economic Opportunity (DCEO) is administering the state’s $64.7 million business investment package. The package includes EDGE tax credits and Employer Training Investment Program (ETIP) job training funds that will help enhance the skills of Navistar’s workforce. The enhanced EDGE tax credit enables companies in the auto manufacturing industry, which is among Illinois' largest employers, to retain employee income tax withholdings as an alternative to the current EDGE corporate tax credit and reinvest those funds into operations that create more jobs.

“We’re giving companies like Navistar the tools they need to increase their competitiveness and keep this economy moving forward,” said DCEO Director Warren Ribley. “This project is a great example of how Illinois is nurturing an environment where companies can grow and thrive.”

Illinois' manufacturing sector has added more than 12,000 jobs in 2010, which is a higher growth rate than the national average.  In total, Illinois has added more than 43,000 jobs this year.

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Sen. Chuck Grassley today made the following comment on tax proposals from the White House that are meant to encourage business investment:

“It’s the old saying, the devil is in the details. Business investment incentives sound fine, but will they be paid for in a way that hurts job creation? The White House and congressional Democrats enacted a big state aid package in August that was paid for with a permanent tax increase on companies with overseas operations. Some of the biggest employers in Iowa -- John Deere, Rockwell Collins, and IBM – opposed the August bill.  The National Association of Manufacturers said the tax increases in that bill ‘will jeopardize the jobs of American manufacturing employees and stifle our fragile economy.’ So if the offsets for this new package are other tax increases, then it’s a non-starter.  And it’s disturbing that small businesses continue to get short shrift.  According to a November 2009 study from the Government Accountability Office, most of the benefits of the research and development tax credit go to large corporations. According to the non-partisan Joint Committee on Taxation, 50 percent of all small business flow-through income will be subject to a tax increase in January under the White House and congressional majority’s plans. Small businesses create 70 percent of new jobs.  Raising taxes on job creators is the worst thing we could do right now.”