STREATOR — State Rep. Lance Yednock (D-Ottawa) has been touring local businesses throughout the Illinois Valley to discuss the state’s balanced budget along with tax credits that will help businesses grow. He recently toured the new Vactor Manufacturing plant addition in Streator to attend its groundbreaking and discuss new ideas to attract new businesses to Illinois.
“Building a stronger Illinois will take a lot of work, and to help make that happen businesses will need more resources to create good paying jobs,” Yednock said. “Companies like Vactor need incentives to stay in Illinois and contribute to growing local economies. That is why I supported a balanced budget plan that repeals burdensome taxes and strengthens policies that foster business and job growth.”
Yednock toured Vactor Manufacturing in Streator, which is a company that specializes in engineering durable equipment to assist with sewer cleaning, vacuum excavations and basin cleaning. Yednock met with company owners to discuss current work projects and discuss potential ideas to bring more businesses to Illinois.
Yednock supported Illinois’ balanced budget, which was backed by the Illinois Manufacturers’ Association, and eliminates more than $1 billion in the state’s unpaid bills and implements the Blue Collar Jobs Act. He said his plan strengthens existing job creating tax credits, expands machinery equipment exemptions for businesses and begins to eliminate the state’s franchise tax.
The addition at the plant, technically in South Streator in Livingston County, is expected to increase Vactor’s production capacity and add up to 90 additional jobs.
The first phase of the project expands the existing fabrication, welding, paint and assembly areas, as well as the test bays. Additionally, the current training center and customer inspection facility is being updated. Overall, the expansion adds about 100,000 square feet to the existing facility. Completion targeted by the end of the year.
Vactor’s parent company, Federal Signal Corp., is expecting to invest up to $25 million over the course of the expansion project, which will increase efficiency and capacity to supply the growing demand for Vactor’s newly redesigned 2100i combination sewer cleaner and the TRUVAC-branded series of hydroexcavators.