New steel rod facility ro relocate to old Illinois plant

ILLINOIS GOVERNOR George H. Ryan recently announced that Sterling Steel Co., LLC, a subsidiary of Leggett & Platt, Inc., plans to operate a steel rod facility in Sterling, Ill., on the grounds of the former Northwestern Steel and Wire plant. The new operation will create 200 steel mill jobs.

Sterling Steel is eligible for tax credits through the Economic Development for a Growing Economy (EDGE) program, and for work force training grants through the Industrial Training Program, administered by the Illinois Department of Commerce and Community Affairs (DCCA). In addition, the company will be located in an enterprise zone and a tax increment financing district.

"It has been a difficult time for many residents of Sterling who relied on the operations of the steel plant for their livelihood," said Governor Ryan, "Today's announcement is a positive development in the ongoing effort to revitalize economic development in the region."