$750K to Peabody Investments Corp

In fiscal year 2009, the Department of Commerce and Economic Opportunity gave Peabody Investments Corp a $750,000 Coal Competitiveness Program grant.

by Amanda Griffin-Johnson

In fiscal year 2009, the Illinois Department of Commerce and Economic Opportunity (DCEO) disbursed a $750,000 grand to Peabody Investments Corp. The grant was part of the Coal Competitiveness Program which “is aimed at improving the efficiency of the Illinois coal industry, enhancing the competitive position of Illinois coal in domestic and international markets, and opening new markets for Illinois coal and coal byproducts.” With this specific grant (grant # 09-483012), “Peabody will add a 6th miner unit or 3 superunit positions at the Gateway Mine increasing work force levels by 22%.”

According to the DCEO’s Grant Tracker website, in recent years the Peabody Investments Corp received a total of $3,663,920 for various Coal Competitiveness Program grants. The project descriptions of the grants included purchasing safety equipment, the construction of an access road and rail loadout facility, and other coal infrastructure.

To find this information on the IllinoisOpenGov site, go to “Checks to Checks & Businesses” and enter “Peabody” in the “Vendor” field.