Commercial construction projects are helping Illinois officials develop the local economy, and this industry could provide significant support to Prairie State residents over the next few years. According to the St. Louis Post-Dispatch, developers are investing in land in O'Fallon, Illinois, and other areas to build new retail outlets.
Ted K. Shekell, O'Fallon's planning director, noted that the region is well-positioned for long-term growth. He stated that the area's convenient location and local government are just a few of the reasons it has appealed to commercial property developers recently.
"We have not had a lot of turnover in our local officials, and there's not been a lot of bickering and strife," Shekell told the news source. "And that lends itself to growth. Developers know that the area is stable."
Houston administrators have also seen a boom in construction projects. KUHF reports that the city provided building firms with $480 million in permits in January 2013 – a 35 percent year-over-year increase.
New office construction is a major factor in Houston's economy and could significantly benefit the city. Last month, Houston leaders authorized the construction of nine office buildings, a total value of $56 million dollars – over 200 times the value of office building permits offered to contractors in January 2012.
Content provided by executive search organization, MRINetwork.