2004 Report to Investors

Will County-The next

GlobalTrans Center

What an exciting time to be part of Will County and the CED. Wecontinue to be one of the fastest growing areas in not only Illinois, butalso the Nation, and are rapidly becoming one of the primary growthengines in the State of Illinois. 2004 was a year where the CED not onlyfocused on our core initiatives, but also looked towards the future on howwe manage our tremendous growth.

For example, one of our key initiatives was starting to position WillCounty as a Global Transportation Center. According to our recentlycompleted Target Industry and Workforce Analysis, Will County is ideally

positioned to become a Global Transportation Center. We already have all the elements available inWill County:

• Fully integrated transportation and industrial center;• Rail, highway, water, air and intermodal services; and• Industrial land with improvements in place.

All this can be used to attract target industries and can improve operating efficiencies for existing localindustries. Many of our marketing initiatives will continue branding Will County as a GlobalTransportation Center.

Another initiative that we constantly focus on is our infrastructure component. Approval of thesouthern extension of I-355 as part of a ten year capital plan by the Illinois State Toll HighwayAuthority was a huge step to move Will County forward into the future. The extension provides quickaccess to and from the northwest suburbs while providing Will County with a new corridor ofopportunity. A special thanks to so many business and political leaders who helped make this happen.

One of our core initiatives continued to be business development and expansion. We helped inject$200 million of capital investment, 3.9 million square feet of space, while creating 1,926 jobs throughrelocation, expansion and retention assistance to many companies.

So, it has been an exciting year in Will County, both for what has occurred and what is yet to come.All has been accomplished, not by one man or woman, but the collective effort of many. It was andwill continue to be the hundreds of business leaders throughout Will County who are thestakeholders, the visionaries, the risk takers, the facilitators for change, and all with one commonpurpose……to make Will County the best place to live and work in America!

It has been my great privilege to serve as your chairman as we celebrate the accomplishments of thispast year, but equally important, as we plan for the future.

Message from the Chairman

Edward J. Dollinger

2004 Chairman

EXECUTIVE COMMITTEEEdward J. DollingerChairmanEdward Jones Investments

James D. WatersVice ChairmanCaterpillar Inc.

Robert F. FilottoSecretary/TreasurerFilotto Financial Services Ltd.

Michael W. HansenGeneral CounselMichael W. Hansen, P.C.

Mark D. BassChairman – Economic DevelopmentCommitteeMark Bass Chevrolet

Jeffrey L. BrickmanProvena Saint Joseph Medical Center

Randy ChapmanThe Herald News

Joe DomenicoHarrah’s Joliet Casino

John E. GreulingPresident & CEOWill County CED

Hon. Joseph MikanEx-OfficioCounty of Will

Paul PawlakSilver Cross Hospital

Jeff PfeifferArgosy’s Empress Casino Hotel Joliet

Kevin T. ReardonEmeritusHarris Bank Joliet N.A.

Michael F. RittofChaiman – Investor RelationsCommitteeFounders Bank

Robert A. RoginaChairman – Government AffairsCommitteeRogina Engineers & Surveyors

James M. RoolfImmediate Past ChairmanFirst Midwest Bank

J.D. RossChairman – Workforce & EducationCommitteeJoliet Junior College

David L. RuttleMcKeown, Fitzgerald, Zollner, Buck,Hutchison & Ruttle

Hon. Arthur SchultzEx-OfficioCity of Joliet

Frank Turk, Jr.Turk Furniture

Darren W. WoodsExxonMobil Joliet Refinery

DIRECTORSChristopher J. AdlerChairman – Diplomats CommitteeJ.L. Adler Roofing and Sheet Metal,Inc.

Matthew AlexanderRaceway Associates

Daniel S. BilickiNanophase Technologies Corporation

Richard BrandolinoWill County Board

Kenneth A. CarlsonTracy, Johnson & Wilson

Jim CoatsChairman – Joliet Region Chamber ofCommerce & IndustryBank One

Richard P. DuranWill County Regional Office ofEducation

Patricia A. FeraWill County Workforce InvestmentBoard

Laurence G. FoyMerchants and Manufacturers Bank

Br. James Gaffney, FSCLewis University

Robert R. GorboldDykema Gossett Rooks Pitts PLLC

Mel A. Gray, Jr.Modern Builders Industrial ConcreteCompany

Michael GrubermannChairman – Will Economic NetworkCommitteeVillage of Monee

Mike HanrahanMidwest Generation

Michael D. HennessyThe United Way of Will County

Rev. Dr. Craig HerrFirst Presbyterian Church of Joliet

Jeffrey HettrickComEd

Bishop Joseph L. ImeschRoman Catholic Diocese of Joliet

Tom JoyceBraidwood Generating Station

Dr. Theodore M. KanellakesAllergy & Asthma Clinic S.C.

Robert G. KleinAward Emblem ManufacturingCompany, Inc.

Gregory G. KuhnDow Chemical Company

Richard KwasneskiJoliet Arsenal Development Authority

Rudy Mahalik, Jr.Poehner, Dillman & Mahalik

Sean P. MaherCenterPoint Properties

Carmen MoralesNicor Gas

Reed MottChairman – City Center PartnershipPrinting Craftsmen of Joliet, Inc.

Terrence P. RuettigerRuettiger, Tonelli & Associates, Inc.

Mark J. SmithCitgo Petroleum Corporation

Ronald J. StonitschStonitsch Construction, Inc.

Dr. Michael J. VinciguerraUniversity of St. Francis

Hon. Gerald C. “Jerry” WellerUnited States House ofRepresentatives

2004 Executive Committee and Board of Directors

Investors 2004

A & R Transport Inc. Adler Roofing and Sheet Metal, Inc. Aerotek Airy's, Inc. Al's Steak House J.S. Alberico Construction Co., Inc.Allergy & Asthma Clinic S.C. Anderson and Shah Roofing Associate Pathologists of Joliet Award Emblem Manufacturing Co. Inc.Bank of Shorewood Baron's Designs-Hair,Skin,Body Barrett Hardware & Industrial Supply BASF Corporation Mark Bass Automotive GroupBaxter and Woodman, Inc. Beecher Economic Development Authority Berlinsky Scrap Corporation The BirchesBlackburn-Giegerich-Sonntag Funeral Home, Ltd. BMW Constructors, Inc. Bolker Realty Braidwood Generating Station, Exelon NuclearThomas Braun, DDS, MS Brieser Construction Co. Thomas A. Buchar & Associates DRH Cambridge Homes, Inc.Campbell Studio Catellus Development Corp. Caterpillar Inc. Catholic Charities Caton Commercial Real Estate GroupCenterPoint Properties Chemstress Consultant Company Chicago Title Insurance Co. Chignoli Auto Sales Inc.Child Care Resource & Referral CITGO Petroleum Corp. Citiwaste, Inc. Clifton Gunderson, LLP Coldwell Banker Honig-BellColumbian Agency Comcast Corporation ComEd - Southern Region Commercial Electronic Systems Concrete by Wagner Inc.Mr. Keith Conroy Coldwell Banker Commercial Contractors Association of Will & Grundy Counties Cornerstone ServicesLen Cox & Sons Excavating Kemlite Company, Inc. Crowther Roofing & Sheet Metal D Construction Inc.Ms. Rosalie D'Andrea, Coldwell Banker Honig-Bell D'Arcy GMC Buick Oldsmobile Davis Machine Inc. DeGeus and Klafter DeVry UniversityDiageo North America, Inc. Diversified CPC International, Inc. The Dow Chemical Company Dunkin' Donuts Midwest Distribution CenterDykemaGossett Rooks Pitts PLLC A.G. Edwards & Sons, Inc. Elens & Maichin Roofing & Sheet Metal Inc.Elgin Joliet & Eastern Railway Elliott Electric Inc. Argosy's Empress Casino Hotel Joliet Expert Optics, Inc.ExxonMobil Joliet Refinery Fabrizio, Hanson and Peyla Dr. Fagan & Dr. Lazzarotto Drs. Talbot and Smith, Family Dental Care, Ltd.Fazio Insurance Filotto Financial Services Ltd First Midwest Bank First Presbyterian Church Founders BankVillage of Frankfort Mark Fritz, M.D., Ltd Gallagher Asphalt Corporation The Gammon Group GCG FinancialGeneral Motors Parts Distribution Center Genie Temporary Services Goodwin & Assoc Real Estate LLC Governors State UniversityRobert E. Hamilton Consulting Engineers, P.C. Michael W. Hansen, P.C. Hanson Professional Services Inc.Harbour Contractors, Inc. Harrah's Joliet Casino Harris Bank Joliet N.A. Hatch Family TrustHealy, Bender & Associates Inc Mr. David J. Henderson, Coldwell Banker Commercial The Herald News Hutchison Engineering, Inc. Hygieneering Services Inc. Illinois Department of Employment Security Illinois Securities Company inBlue Technologies Indeck Energy Services, Inc. Independent Forms Services Indicom Electric Company Industrial Developments International Inc.INEOS Silicas Americas, LLC Inland Electric Corporation Interstate Warehousing Inc. Jacob & Hefner Associates, PCThe Jacob Henry Mansion Jewel-Osco - Jefferson St. Jewel-Osco - Larkin Ave. Johansen & Anderson Inc. Joliet Area Historical Museum Joliet Arsenal Development Authority Joliet Cabinet Company Joliet Catholic Academy Joliet Country Club Joliet Dodge Inc.Joliet JackHammers Joliet Junior College Joliet Medical Group, Ltd. Joliet Park DistrictJoliet Township High School District 204 Edward Jones Investments Kane, McKenna and Assoc., Inc. Tyco/Kendall HealthcareKimball Hill Homes Knowles Construction Co. Krockey, Cernugel, Cowgill, Clark & Pyles Lakewood Homes, Inc. LaSalle Bank N.A.C.R. Leonard Plumbing & Heating Co., Inc. Lewis University The Lombard Company Village of Manhattan John Manner Insurance Agency Manpower Inc. Markelz Office Products Martin Cement Company Martin Whalen Office Solutions Inc. RSM McGladrey, Inc.McKeown, Fitzgerald, Zollner, Buck, Hutchison & Ruttle Merchants & Manufacturers Bank Midwest GenerationModern Builders Industrial Concrete Co. Village of Mokena Village of Monee Moore Glass Inc. Nanophase Technologies Corp.National City Bank National Electrical Contractors Assoc. Eastern Illinois Chapter New Century Federal Credit Union Village of New Lenox Next Media Group, LLC Nicor, Inc. NITEC Communications Inc. Northern Builders, Inc. NuMark Credit UnionOestreich Sales & Service Inc. Paine/Wetzel ONCOR Int'l Panattoni Development Company Paul & Mike's Transmissions, Inc.Peotone Bank & Trust Company Pepper Construction Company Pizzuti Plainfield Construction Co. Village of PlainfieldPlumbing, Heating, Piping & Refrigeration Contractors Association Poehner Dillman & Mahalik Inc. The Polivka Group, LLCPrairie Bank & Trust Co. Prairie State College Prairie Trail Credit Union Pridestaff Priority Staffing, Ltd.Provena Saint Joseph Medical Center Providence Catholic High School Quality Quickprint Inc. Raceway Associates LLC Rand's-Tara's Cards & Gifts Inc. ReMax Realty of Joliet-Mark Turk ReMax Realty-Rosemary West Rendel's GMC Inc. Rogina & Associates, Ltd. Roman Catholic Diocese/Joliet Ruettiger, Tonelli & Associates, Inc. Russ + Carlson ArchitectureRyan Companies SBC Schuld Inc. Serena Concrete, Inc. Silver Cross Hospital Joliet Area of SMACNA Inc. James V. Smith & AssociatesSmith Engineering Consultants Charles A. Southcomb & Assoc. Spherion Steve Spiess Construction, IncStanton Architects, Inc. Starcon International, Inc. Steel Building Systems Company Stofan Agazzi & CompanyStonitsch Construction, Inc. Strand Associates, Inc. Stromsland & DeYoung Architects, Inc. Drs. Sweetnam & AssociatesTCB Development Corp. Third Order of St. Francis Three Rivers Construction Alliance Three Rivers Education for Employment SystemTimm Electric Inc. Toyal America Inc. Tracy, Johnson & Wilson Trinity Services, Inc. Troy Township Office Turk Furniture United Way of Will County University of St. Francis USAA Real Estate Company Vector Pipeline/Enbridge EnergyWadsworth Golf Construction Wermer, Rogers, Doran & Ruzon Westaff Westfield Shoppingtown Louis Joliet Bill Wilhelmi Blacktop Inc.Will County Local Development Co. County of Will Will-Grundy Center for Independent Living City of WilmingtonWilton Industries, Inc. Winner's Edge Realty Inc. Work Force Services Division of Will County Greater Joliet Area YMCA

Thank You The Board of Directors and the staff thank our investors for providing the resources to carry out the CED’s mission of attracting and retaining jobs for Will County.

2004

• Assisted 15 companies locate,expand or stay in Will County producing 1,926 jobs, $200 millionin new capital investment in 3.9 million square feet.

• Responded to 500 requests for infor-mation about Will County that werenot directly prospect related, reflect-ing the CED’s stature as a one-stopbusiness information center.

• TNT Logistics: third party logis-tics operation for Michelin tires, inMonee

• DSC Logistics: third-party logisticsoperation for Unilever Best FoodsNorth America, in Elwood

• Chicago Tube & Iron: corporate HQplus fabrication and distributionfacility for steel tubing, pipe, bar,valves & fittings, in Romeoville

• Advanced International: manufac-turer of holiday decorations, in Steger

• Florstar Sales: corporate HQ plusdistribution center for floor cover-ings, in Romeoville

• Moulding and Millwork: woodworkand trim shop, in New Lenox

• Corporate Express: distributor of office products, in Joliet

• Autobahn Country Club & Race Track: private club for racing enthusiasts featuring 3.5-mile race course on 320 acres—will also be leased to car clubs and performance driving schools, in Joliet

• US Cellular: inbound call center,in Bolingbrook

• Prater Industries: manufacturer of particle reduction equipment,in Bolingbrook

• IMPO Glaztile: distributor of ceramic tile, in Tinley Park

• Mack Truck: distribution center, in Joliet

• Wilton Industries: distributor ofbakeware and kitchenware, in Romeoville

• Sanyo Logistics: distributor of electronic equipment, in Elwood

• Huck Fasteners: assisted in transi-tioning to new ownership, retaining280 jobs, in Park Forest

• Created new position—VicePresident-Investor Relations—to focus full time on investor issues

• Geographically broadened the investor base

• Created new bookkeeping/invoicingsystem to improve efficiency forinvestors

• Held first annual CED barbecue forinvestors, attended by 120 people

• Held two suite receptions at Joliet JackHammer baseball gamesfor potential investors, drawing 80 people

• Engaged communities to partnerwith the CED in hosting threeEconomic Eye Opener breakfaststhat drew 190 people

• Illinois State Toll Highway Authorityapproved capital plan includingextension of I-355, the CED’s toptransportation priority

• Partnered with Will County on developing plan to build and operate South Suburban Airport

• Hosted a meeting of the Will Countylegislative delegation with IllinoisTransportation Secretary Tim Martinto press for highway improvementsin Will County

• Facilitated effort to expand the Des Plaines River Valley Enterprise Zone

• Position Statements- Opposed expansion of casino

gaming in the south suburbs- Expressed concern about the

viability of proposals to build new hospitals in the county

- Supported medical malpractice reform

- Opposed proposed merger of mass transit agencies, Northeastern Illinois Planning Commission and the Chicago Area Transportation Study

Project HighlightsI-355 Extension is Approved!

EconomicDevelopment

CompaniesLocated

CompaniesExpanding

CompaniesRetained

Investor Relations

GovernmentAffairs

Report designed by The Gammon Group

Will County’s Future

A significant finding in the

Target Industry and Workforce

Analysis, prepared for the CED and

the Workforce Investment Board,

by Cushman & Wakefield

is that Will County already

possesses the assets to become

a GlobalTrans Center, an

emerging trend in logistics

and distribution.

GlobalTrans Centers are regions

that offer multiple modes of

transportation infrastructure and

the ability to integrate them with

industrial development. There aren’t

very many in the world today and

they take years to develop.

GlobalTrans Center

116 N. Chicago Street, Suite 101 • Joliet, IL 60432-4204 815.723.1800 • fax 815.723.6972 • 1-888-723-7773

www.willcountyced.com

Why Will County?Why is Will County positioned to become a GlobalTrans

Center? The first reason is location. Chicago is a hot market for

industrial development and Will County is where it’s happening

in the Chicago region. Secondly, Will County is blessed with a

network of interstate highways, connections to all of the major

Class 1 freight railroads, a working river connecting the Great

Lakes to the Gulf of Mexico, and proximity to O’Hare and

Midway airports. Will County was also selected as the site of

the third airport to accommodate commercial and cargo aviation

growth in the Chicago region.

BNSFWill County’s most important asset as an international logistics

hot spot, however, is the Burlington Northern Santa Fe Railroad

(BNSF) intermodal yard at CenterPoint Intermodal Center.

Here, consumer goods from the Pacific Rim arrive in Will

County for distribution or rail connections to eastern markets.

In just two years, the BNSF operation propelled Chicago into

becoming the world’s third largest intermodal container port

behind Singapore and Hong Kong.

What it takesClearly, Will County has what it takes to be a GlobalTrans

Center in the international distribution of products. Branding

Will County as such is the CED’s marketing priority.