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Locals Look To Woodward Expansion For Economic Boost

The Woodward Corporation expansion project in Loves Park is set to be finished by Fall, and with so many jobs available in the area, the city of loves park is hopeful it will boost the local economy. Eyewitness News has more on the impact the expansion will have on the Rockford area.
ROCKFORD – There are more than 60 acres of land in Loves Park, which the Woodward Corporation is transforming into their second aerospace campus in the Rockford area, bringing in thousands of jobs. “Somewhere around 1,500 to 1,700 jobs from the Woodward expansion” said Dan Jacobson, Director of Public Works and Development for the City of Loves Park. Woodward says that they will be bringing in over 1,000 jobs in the next decade.  Those new jobs mean a huge boost for the local economy, and Jacobson said this is also a big step in the right direction for the City of Loves Park. “This project will result in a lot of job creation, very valuable jobs, engineering jobs, skilled jobs, machinist jobs.” The aerospace company plans to have manufacturing move into the building by late Fall, but will not be hiring all of the new engineers within that timeframe.

Woodward specializes in aerospace technology and has over 27 locations around the world, which means some of those workers may need to relocate, although the company is not transporting their current engineers from other locations. The Rockford Area Realtors in a good position to help the local housing. “We are reaching out to these companies like Woodward, asking how can we help, and how can how can we be prepared to make sure this is a success for everyone.” Said Steve Bois, CEO of Rockford Area Realtors.  Jacobson said the City of Loves Park is hopeful the housing market will bounce back with Woodwards help. “We have a lot of vacant lots, so hopefully this will result in the sales and construction of homes” Woodward says they are not transporting their current engineers from other locations

The City of Loves Park hopes these jobs will not only help fix the Stateline economic slump, but also give the area a boost of confidence. “All the jobs that will be created will benefit the entire community” said Jacobson

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