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Illinois Valley Times

Saturday, November 2, 2024

Bacidore questions wisdom of giving NIEDC more money in midst of economic uncertainty

Ward

File photo

File photo

LaSalle Alderman Jim Bacidore recently expressed frustration with other members of the City Council over the request to pay $12,500 to the North Central Illinois Economic Development Corp. (NIEDC).

According to WLPO, Bacidore claimed that in two years as a member of the NIEDC, the city has seen none of the promised economic benefit of membership.

"Two years. Not a factory. Not a machine shop – not even a machine shed," he said.

With the additional challenges presented in a post-COVID-19 world, Bacidore said he does not expect that performance to improve.

"Corona is out there, the virus, so nobody's going to be building factories for a year," he said. "So, we're going to give these people another $12,500."

Bacidore said that he doesn't think any industry is going to do any kind of major investment in new infrastructure until a cure or vaccine is found for the coronavirus.

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