A shuttered Pekin businesses will restart production next month after closing several months ago.
PAL Health Technologies, a prescription foot orthoses manufacturer, will reopen its doors on April 2 after filing for bankruptcy last September. PAL was purchased by Bloomington doctors Aaron Rossi and Gerald Paul, who planned to move the business.
The city offered up an economic incentive package using TIF and Enterprise Zone programs to convince PAL to stay in Pekin.
"The incentive package the city is offering is “significantly important,” said Dr. Rossi, “It’s important to feel like you’re supported by the community that you’re in, and I think Pekin did a heck of a job coming to the table with us very quickly. The way Pekin came on board was unbelievable.”
“We are pleased that PAL Health Technologies II has selected our community as the location for their manufacturing facility,” saidJohn McCabe, mayor of Pekin. “PAL rejoins several other well-known regional and national companies who enjoy the amenities and access that the Riverway Business Park has to offer.”
The facility at 1800 Riverway Drive will employ about 75 people within five years, said Greater Peoria Economic Development Council CEO Chris Setti.