RAEDC Chairman of the Board, Sagar Patel discusses why there was no hesitation when selecting the Rockford Region for expansion with REJournals.
Ninety miles northwest of Chicago lies the city of Rockford, the hub of a region of opportunity now building on its legacy of expertise to position itself as a world leader in innovative aerospace technology and leading-edge precision manufacturing.
As would any multinational corporation planning for its future, Woodward, Inc. undertook a complex and comprehensive strategy to accommodate their recent growth.
We considered many locations throughout the world for the new aircraft fuel systems manufacturing campus. We took a deep dive into our analysis of compensation, benefits, utilities, insurance costs, taxes, fees, supply chain strength and the dozens of additional data points that drive this type of expansion decision with decades of implications. The economic benefits of Illinois, and the Rockford region specifically, were comparable to or better than other locations we were considering.
Read the full article on REJournals.com.