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Chicago Warehousing
The Governor also released new data on the growth of the tourism industry in Illinois. In 2005, travel to Illinois directly accounted for more than 300,000 Illinois jobs, including more than 400 new jobs in 2005, that generated nearly $7.9 billion in payroll. Economic impact generated by travel spending in 2005 in Illinois grew to a record $26.2 billion, an increase of 6.8 percent, generating $1.84 billion in state and local tax revenue, according to the Travel Industry Association of America. This added an additional $74.2 million in state and local taxes in 2005.
Illinois’ total domestic person-trip volume also increased to a record high of 90.78 million visitors in 2005, according to D.K. Shifflet & Associates. Illinois’ strong growth was largely spurred by a 10.7 percent increase in business travel.
Overseas visitors have climbed by 39 percent over the past two years greatly contributing to Illinois’ growth, according to the U.S. Department of Commerce. There was an 18 percent increase in the number of overseas visitors in 2005. More than 1.1 million people from around the globe came to Illinois making it the 6th most popular U.S. state for overseas travelers. The economic impact generated by international travel spending in Illinois also increased by 11.5 percent to nearly $1.7 billion. Illinois also increased its share of the overseas market – increasing its market share to 5.3 percent from 4.8 percent.
"We’ve come roaring back from the recession that took away so many jobs between 2000 and 2003. We led the nation in job growth in April, more tourists are visiting Illinois than ever, and we continue to keep doing everything possible to bring new businesses and jobs here. You attract companies and jobs by making sure that income and sales taxes don’t go up, by making sure that local schools are effective, by making sure that our communities are safe – in short, by making Illinois a place that people want to work in and live in. That’s what we’ve been doing for more than three years. The evidence clearly shows our strategy is working. And it’s what we’ll continue to do," Gov. Blagojevich said.
The Governor and the Illinois Department of Commerce and Economic Opportunity have recently provided business investment packages to several companies across the state that have or will be creating even more new jobs, including 2,500 jobs at the Chrysler Group in Belvidere and several of its suppliers; 1,000 jobs at Triumph Foods in East Moline; 140 jobs ZincOx Resources in Sauget; 31 jobs at Pabst Brewing Company in Woodridge; and 35 jobs at Justrite Manufacturing in Mattoon.
Credits
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