Amid Ongoing Growth, KCAP President Ken Springer Has Concern for What is to Come

Share

Currently in the inflation cycle throughout the world, retailers remain to expand. Knox County Area Partnership President Ken Springer attributes the growth to consumers continuing to spend money, but also has some concerns:

“There is still a lot of demand. The reason you have inflation is because everybody is spending money and when it is a market where there is lots and lots of consumers spending money, then you are going to see industries starting to expand to take advantage of those opportunities. I think it is great to see that there is still a lot of constructions crews out there and cranes and barrels and all that good stuff; I mean I think that is good. My concern for the coming year is kind of the same concern I have for every recession and that is how long is it going to be and how deep is it going to go and I don’t think anybody can really answer that at this point.”

Spread the word

Trending Now

Featured News Podcasts

Subscribe to our Community Newsletter

By submitting this form, you are consenting to receive marketing emails from: Prairie Communications, 55 Public Square, Monmouth, IL, 61462, https://977wmoi.com/. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Choose a Category

Continue Reading

Illinois Estate Tax Driving People Out of State

**Courtesy of State Senator Jil Tracy Illinois’ overall population has declined by more than 260,000 residents since 2020, according to Census figures. For many reasons – skyrocketing taxes, high prices, staggering increases

Don’t Let a DUI Wreck Your Holidays

This holiday season, the Illinois Department of Transportation, Illinois State Police, and more than 200 police and sheriff’s departments are joining forces for the national “Drive Sober or Get Pulled Over”

Chipotle Opens First Restaurant In Galesburg

The first Chipotle restaurant is now open in Galesburg.  The Mexican grill chain opened its new location yesterday on North Henderson Street.  The company is still hiring workers for the