Camco
President's Name Street Address and press release

Business & Finance

Release summary information

Title (This field auto text formats case, style and size):

Camco to open new headquarters in downtown rockford

SubTitle (This field auto text formats case, style and size):

Release Body (This is a richtext field that can contain pictures, tables and formated text):

Governor George H. Ryan, along with Rockford Mayor Doug Scott, today announced that Capital Acquisitions and Management Company (CAMCO) is establishing its new headquarters and training center in downtown Rockford, Illinois. The move to the former Conseco Building, 303 N. Main Street, is currently planned for early September. CAMCO's relocation and expansion could bring as many as 500 new jobs to downtown Rockford over the next three years.

"I'm pleased that the State of Illinois is able to assist CAMCO in this phase of the company's rapid growth, " said Ryan. "My administration continues to focus not only on expanding businesses in the state, but ensuring that companies that have made their home in Illinois, remain in Illinois."

"The City of Rockford is excited to have a growing company such as CAMCO locate its corporate headquarters in downtown Rockford, " said Mayor Doug Scott. "The jobs that CAMCO will bring to the area will further enhance our efforts to revitalize our downtown."

CAMCO is eligible for tax credits through the Economic Development for a Growing Economy (EDGE) program, and for worker training grants through the Industrial Training Program (ITP). The Illinois Department of Commerce and Community Affairs (DCCA) administers both programs. The City of Rockford has offered various incentives to assist CAMCO in relocating to and expanding in downtown Rockford, including $750,000 in Community Development Block Grant money for new job creation.

"The CAMCO project is yet another example of the importance of local and state cooperation in promoting economic development in order to provide job opportunities for our residents, " said DCCA Director Pam McDonough. "These partnerships, combined with business incentives initiated by Governor Ryan and supported by local lawmakers like Senator Dave Syverson, are crucial to the continued growth and diversification of the economy both locally and statewide."

CAMCO was started in Genoa, Illinois in August of 1997 with just two employees and has grown to approximately 300 workers with sites in Illinois, Georgia and Florida. CAMCO is a major purchaser of non-performing debt portfolios and has acquired over $2 billion in non-performing receivables.

"We at CAMCO are truly excited about our expansion into Rockford and about our opportunities for growth in our new facility, " said CAMCO Chairman George J. Othon. "We were looking for a city that provided us with a strong and talented workforce as well as a healthy downtown. The City of Rockford provides us with both of these benefits. The assistance of the State of Illinois, the City of Rockford, and the Rockford Area Council of 100 has been instrumental in making this project a reality."

"The relocation of CAMCO will mean a tremendous number of new, high-wage jobs for the City of Rockford, " said Bob Levin, Executive Director of the Council of 100."CAMCO is a strong company and will be a great anchor for downtown Rockford."
Attachments (This is for any attachments that accompany the release)


Company: Camco
Country: USA
State: Illinois
City: Rockford
Address: PO Box 5087
Phone: 8772980845
  <     >  

RELATED COMPLAINTS

Camco
CAMCO is eligible for tax credits through the EDGE program, and for worker training grants through the ITP. The City of Rockford has also offered incentives

Camco - Capital Acquisitions Management
Camco (Capital Acquisitions Management) ripoff! Phone harrassment, liars, cheats and con-men

Capital Acquisitions Management Co
CAMCO Former CAMCO Collector speaks out ripoff

Camco
Deception and False Accusation Rockford

Camco
Closed by the ftc - link to new story below rockford

Camco
Refunds? Ripoff

Camco
You're being ripped off by them

Camco - Capital Acquisitions And Management Company
Debt collection rip off company

Capital Acquisition & Management Company
CAMCO con artist fake ripoff

Camco
Has its day in court ripoff & more