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 e-Newsletter
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Peoria County is looking to land a more than one-billion dollar agricultural facility in the area. Peoria Public Radio’s Alex Rusciano Reports:
Egypt-based Orascom Construction Industries wants to open a fertilizer plant in either Iowa or Illinois. The facility would mean more than one thousand construction jobs and as many as 200 permanent jobs. County Administrator Lori Curtis Luther says the project would mean a significant boost to the area:
“You know it’s quite frankly a little mind-boggling when you look at a billion-dollar investment,” Curtis Luther says.
“We’ve run some analysis on what kind of spin-off development that would help encourage, and there were hundreds of millions of dollars of additional economic development to the community that we could anticipate if this project comes through.”
State senator Dave Koehler is offering legislation that would include state tax credits to help attract the company to Peoria County. Curtis Luther says the county has identified an undisclosed site for the facility. She says farmers would also save money buying fertilizer. Curtis Luther says that the plant could reduce the price to farmers by an estimated 40-percent by lowering transportation costs. |
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