Stadelman applauds the reopening of Rockford Brake Manufacturing

ROCKFORD - State Senator Steve Stadelman praised Monday's announcement that the historic Rockford Brake Manufacturing factory is reopening following an Economic Development for Growing Economy (EDGE) for Startups agreement - bringing $6.6 million and 150 new job opportunities to the Rockford region.

"This announcement highlights a welcome return on public investment in our workforce and emphasizes the importance of the automotive industry in Rockford's economy," said Stadelman (D-Rockford). "This investment enables the Rockford Brake Manufacturing company to revitalize their machinery and take part in the growing commercial vehicle industry."

Together with state incentives and the efforts of four former employees of Gunite Corporation, a new business was established to save Rockford Brake Manufacturing by purchasing the 619,000-square-foot idled factory and relaunching operations. The company received an EDGE for Startups tax credit and has committed to making $6.6 million investment and creating 150 new full-time jobs, including hiring employees from the original workforce.

Further, the company is supporting the state's clean energy goals by serving as one of Illinois' largest recyclers, with 85% of its products made from recycled materials and 100% of finished products being recyclable.

"Our automotive industry and workforce have benefited from support in recent years, and this investment continues to pay off," said Stadelman. "I'm pleased our state has committed to bolstering local economies and attracting new business opportunities, and that the commitment continues to yield good results."

More information about the EDGE for Startups incentive program can be found here.

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