In 1962, the area was once again incorporated as the village of Channahon. Serious development finally began in the 1970s as the village's proximity to two trunk line interstates resulted in both industrial growth (a Mobil oil refinery, two petrochemicals plants, a gigantic soybean oil production facility, CenterPoint Intermodal Center to the east in Elwood, Illinois, numerous warehouses to the east in both Elwood and Joliet, Illinois, including Amazon (company), Walmart distribution centers, and Cargill) and residential development. The village also saw an influx of population from eastern Kentucky in the wake of the closure of many of that area's coal mines.