elgin area chamber / development group
DESCRIPTION
Presentation to Elgin Area Leadership Academy February 2011TRANSCRIPT
Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
Welcome
to the
Elgin Area Leadership Academy
Economic Development Session
February 5, 2011
Ingredients for Organizational Success
Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
Mission Board
Staff X-Factor
Our Mission
Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
ENHANCING ECONOMIC VITALITY
ADVOCATING FOR BUSINESS
CREATING OPPORTUNITIES FOR MEMBERS
Mission Board
Staff X-Factor
Chamber Board of Directors
Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
Mission Board
Staff X-Factor
Executive CommitteeJohn Hurlbut, Hurlbut & Hurlbut P.C. Chair of the Board
Michael Shales, Shales McNutt, LLC Chair Elect of the Board Susan Angell-Case, Baird and Warner Vice Chair of Membership Mary Martini, Sherman Hospital Treasurer Michael McKay, Edward Jones Investments Immediate Past Chair of the Board Leo Nelson, Elgin Area Chamber Secretary
Board of Directors Larry Dry, Provena Saint Joseph Hospital Charles Falls, Demi & Cooper Advertising Kim Gilmore, Gilmore Marketing Concepts Inc.Patrick Hayes, Fabric Images Inc.Tonya Hudson, Downtown Neighborhood AssociationChris Huecksteadt, MetroStudy Dale Lonis, Elgin Symphony OrchestraTodd Olsen, National City Bank Dave Rock, IHC Construction Companies, LLC Dr. David Sam, Elgin Community College Eric Smith, Hoffer Plastics CorporationJack Sorenson, U.S. Shelter, LLCSean Stegall, City of ElginPat Szpekowski, PmS advertising, inc. Jim Thomason, Grand Victoria Casino Dr. Jose’ Torres, School District U-46 Mary Catherine Walsh, Cuisine America Inc. Catered Events Jennifer Whiteside, Chase Card Services
Leo Nelson, President
Michael O’KelleyVice PresidentEconomic Development
Terry Gajewski,Vice President Finance/Information Systems
Bob Malm Challenge 21Campaign Director
Pat Tindle Administrative Coordinator
Catherine SmithAdministrative Assistant
Jeanette Mihalec, Vice President Membership
Carol Gieske,Vice PresidentCommunications and Special Events
Chamber Staff
Mission Board
Staff X-Factor
Board of DirectorsBoard of Directors
Executive CommitteeExecutive
CommitteeGovernan
ce Committe
e
Governance
Committee
Elgin Development Group
Elgin Development Group
President’s Council
Business Retention/Recruitment Committee
Workforce Development Committee
Enhancing Elgin Committee
Transportation Committee
President’s Council
Business Retention/Recruitment Committee
Workforce Development Committee
Enhancing Elgin Committee
Transportation Committee
Ambassador Club
Elgin Area Leadership Academy
Golf Committee
Hablamos Español Expo Committee
Retention Committee
Ambassador Club
Elgin Area Leadership Academy
Golf Committee
Hablamos Español Expo Committee
Retention Committee
Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
Membership
Council
Membership
Council
X-Factor
Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
Mission Board
Staff X-Factor
Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
Thanks to our Volunteers!We appreciate their contribution of time and expertise to help us to serve the
business community.
Paula AmentaSusan Angell-CasePatty ArroyoDawn AshleyDavid BearMark BillingsKimberly BlessJackie BolgerLynne BosleyKelly BrownCharles CassellJohn CassidyDiane CooperFred CoppesWendy CovichScott DamischJerry DeeringNidia DelgadoCarol DePueTom DevonaLarry DryMary DulabaumJim DuranteDale DwyerNathaniel EdmondJerry EdwardsDavid EssexCharles FallsKathy FesterBrian FletcherJoe FollrathDan FoxKenneth Franzese
Michael FriscoJaime GarciaHeather GatesNancy GentileMarie GildersleeveKim GilmoreDonna GrimmettGordon GromerPeggy GundrumKarla GuzmanPat HayesSofia HedbergJames HillsRichard HitchcockWilliam HofferChristopher HuecksteadtCathy HurlbutRichard JakleRise JonesThomas KallayDavid KaptainWilliam KarstenJohn KatzenbachBarb KeselicaJay KilgoreBarbara KininmonthCarolyn Kirk-LikouGinger KnappCynthia KolichBill KowalskiRich KruthDemetrius KylesIan Lamp
Dale LonisTonya Lucchetti-HudsonRoy LukowskiMary MartiniMark MastroroccoJorge MauricioMichael McKayTina MengelDeborah MillerJavier MontoyaSusan MoylanSteve MunsonCherie MurphyMichael MurschelSimon NussbaumDiane O'ConnorSusan OlafsonTodd OlsenDavid PatzeltLee PlasmierChris PriesterJohn PriggeSharon PrizyDenise RaleighTracy Ramsay McDonnellToya RandallScott ReiningMark RichardsThomas RickertMary RobbRichard RobinsonDave RockKrisilee Rothaug
Sara SaboDavid SamPam SaylorGeorge SchoberEdward SchockAaron SellersJack ShalesDana SlatteryAJ SmithMichael SobelJerry SorensenJack SorensonJohn SteffenSean StegallMary Ann StephensDavid StrahlSteve SuperPat SzpekowskiJim ThomasonSteve ThorenJose TorresJackie TredupJacquie VinzMary Catherine Walsh
Class ExerciseChoosing a U.S. location
Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
Partnership Goals:
•Provide a solid tax base to support quality municipal and educational goals
•Improve the quality of life and standard of living for Elgin residents
•Create a diverse and vibrant local economy
•Generate desirable employment opportunities
•Business Retention,
Recruitment & Expansion
•Enhancing Elgin
•Transportation & Development
•Workforce Development
Key Initiatives
Elgin Development Group
Business Retention, Recruitment & ExpansionStaying in touch and reaching out to businesses through retention surveys
Hosting round tables with opportunities for networking and meeting with government & education officials
Encouraging exporting and trade as ways to expand business
Promoting the Elgin area as a preferred business location
Bringing in new businesses – creating jobs and investments in land, buildings and equipment
Targeting retail development for shopping convenience and to capture sales tax revenue
Proclaiming the positive aspects and quality of life in the Elgin area through an image and branding campaign.
Enhancing Elgin
Transportation & Development
TransportationFocusing on critical land use and transportation issues as the Elgin area continues to grow and prosper
Working with government officials to improve the existing roadway system
Exploring new strategic transportation corridors in the western growth area
Workforce DevelopmentFostering communication between business, government and educational entities to help build a diverse and technologically talented workforce
Enhancing workforce quality through skill building in partnership with Elgin Community College
Developing stronger school/business partnerships to improve the skill set of entry level workers
Continuing to implement WorkKeys® – a national career readiness certification program
•Business Retention, Recruitment
and Expansion
•Enhancing Elgin
•Transportation & Development
•Workforce Development
Key Initiatives
Elgin Development Group
The American Workforce: Our Hopes, Our Voice, Our Future
The Elgin Story
A community involved………………..
Changes in Workforce Skills Needs Across Fifty Years
1955 2005
Unskilled60%
Skilled20%
Professional20%
Skilled68%
Professional20%
Unskilled12%
Government
Business & Industry
Education
Developing Strategy
Do we have a skilled workforce to compete globally?
Elgin Community College
City of Elgin\
Chamber of
Commerce
Workforce
Illinois Dept. of
Employment Security
Kane CountyDepartment ofEmployment &
Education/WIB
U-46 Sch Dist
Career & Technical Guidance
Grand Victoria
Foundation
Pace Bus
United Way
Centro de Informacio
n
Business & Manufacturing
Community Support to Workforce Development
Creating Commonality
• Speaking the same language• Uniform Goals• Eliminate Redundancy• Understanding and Developing
Workforce Skills– Core– Soft– Job
Identifying, Measuring and Improving Workforce Skills
for the Jobs of the Future
Workkeys is a registered trademark of ACT, IncKeyTrain is a trademark of Thinking Media
WorkKeys® Skill Areas
* 85% of ALL occupations utilize there skills
• Reading for Information*• Applied Mathematics*• Locating Information*• Applied Technology• Teamwork• Observation• Listening • Writing• Business Writing
•
TM
NCRC STATE
CRC STATE ACTIVITY
REGIONAL NCRC/WORKKEYS ACTIVITY
LIMITED WORKKEYS ACTIVITY
2009
National Career Readiness Certificate Levels & Employability
Core employability skills for approximately 30% of jobs
Core employability skills for approximately 65% of jobs
Core employability skills for approximately 85-90% of jobs
Core employability skills for approximately 99% of jobs
How Does It Work?
• College Ready/Workforce Ready
• Redirecting the unemployed
• Improving the incumbents
WorkKeys Identifies Skill Gaps
• By comparing the job and individual profiles, the skills gap can be identified
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AppliedMathematics
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4
Reading forInformation
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4
LocatingInformation
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Skills Gap
Skills Gap
Individual
Job Profile
KeyTrain Helps to Fill Skill Gaps
• KeyTrain provides self-paced curriculum to help individuals fill their skill gaps
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AppliedMathematics
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Reading forInformation
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LocatingInformation
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Individual
Job Profile
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KeyTrain
• Many new hires have no experience
• Hundreds of hours of training required
• Investment in new hires is significant
• Succession plan of technical talent
• Quality requirements more stringent
Current Challenges
• Basic math skills (measurement, metric conversion, weights, dimensions)
• Ability to follow written instruction
• Locating Information (quality plans, prints, labels)
• Mechanical aptitude
• Soft Skills (initiative, honesty, punctuality, cooperation, desire to learn)
• English comprehension
Typical Skills Gaps
• Current internal testing consumes time, resources, and is costly to buy and administer
• The NCRC eliminates and replaces the process, streamlining selection time
• Results in a 43% reduction in selection time and eliminates testing burden on HR
Candidate Selection
Reading Shop MathAnalyzing
InfoWonderlic
NCRC
Going Forward
• Local Initiatives– EAC Workforce Development Committee– 1,000 Skilled Workers– ECC Key Train Lab– U46 Testing of Juniors and Seniors
The Future in Illinois
• Illinois NCRC Alliance– Group of Educators, Employers, Government,
and WIB representatives– Heartland Conference – March 2011
• Midwest consortium of workforce development advocates
• Elgin presentation
– Annual ACT National Conference – April 2011• Elgin presentation
How do I get involved?
• Recognizing the NCRC• Understanding your company needs• Profiling• Testing in other areas• Contact the Elgin Area Chamber
•Business Retention,
Recruitment & Expansion•Enhancing Elgin
•Transportation & Development
•Workforce Development
Key Initiatives
Elgin Development Group
Visit at the Siemen’s Wind Turbine Plant in Elgin, IL
Mission: Retain, facilitate expansion and attract businesses to the Elgin Community
Business Retention & Recruitment Committee
Survey the Elgin business community to identify concerns /challenges and gauge overall sentiment
Foster relationships with brokers and site selectors in order to promote the benefits of an Elgin location
• Taxes• Labor• Real estate inventory• Access to expressways• Incentives• Proximity to residential areas
Quickly establish “hot buttons” for companies considering Elgin and address these factors in order of priority. Site selection factors:
Provide introductions to assist company and broker/site selectors with their evaluation.
State of Illinois contactsCity of Elgin contactsBanksDevelopers / LandlordsSources of laborElgin Community College (training programs)Foreign Corporate CommunitiesArchitects / Designers
Enhance communication amongst corporations of similar origins (i.e. German, Japanese, etc)
Keys to the Committee’s SuccessLow municipal and county taxesAccess to expresswaysStrong and diversified labor baseExisting, high quality, state-of-the-art real
estate inventoryProximity to O’HareStrong foreign investment (European, Asian)Incentive programsPro-business municipality (expedited
permitting)
•Business Retention, Recruitment
and Expansion
•Enhancing Elgin
•Transportation & Development•Workforce Development
Key Initiatives
Elgin Development Group
4Q10 © Copyright Metrostudy 2011
4Q10 © Copyright Metrostudy 2011
National EconomyU.S. Total Employed - Total Number of Jobs
Source: Bureau of Labor Statistics
4Q10 © Copyright Metrostudy 2011
National EconomyU.S. Total Employed - Total Number of Jobs
Source: Bureau of Labor Statistics
4Q10 © Copyright Metrostudy 2011
Source: U.S. Census Bureau
National EconomyNational Single-Family Permits - Annual Trend
4Q10 © Copyright Metrostudy 2011
Source: U.S. Census Bureau
National EconomyU.S. Housing Production - Year by Year Totals (SF & MF)
4Q10 © Copyright Metrostudy 2011
Source: U.S. Census Bureau
National EconomyU.S. Housing Production - Year by Year Totals (Single-Family only)
4Q10 © Copyright Metrostudy 2011
State SF Permits Annual Change Percent Change Job Growth
Texas 66,266 1,937 3.0% 194,400
Florida 31,250 4,456 16.6% 37,000
North Carolina 26,870 1,725 6.9% -5,100
California 24,639 1,186 5.1% 14,600
Virginia 16,619 549 3.4% 49,600
Pennsylvania 16,205 2,100 14.9% 57,400
Washington 14,555 2,096 16.8% 27,100
Georgia 14,049 192 1.4% -5,100
South Carolina 13,455 105 0.8% 7,300
Tennessee 11,996 451 3.9% 25,100
Source: Metrosearch USA
National EconomyHousing Market - Top Ten States Ranked by Single Family Permits
Illinois @ #19 with 8,052 SF Permits, DOWN -3.7%
4Q10 © Copyright Metrostudy 2011
Source: Illinois Department of Employment Security
Chicagoland MarketChicagoland Region - Year by Year Jobs Gained & Lost
4Q10 © Copyright Metrostudy 2011
Source: Illinois Association of Realtors
Chicagoland MarketSF Resale Housing Market - Annual Sales & Active Listings
4Q10 © Copyright Metrostudy 2011
Source: Illinois Association of Realtors
Chicagoland MarketSF Resale Housing Market - Median Price Monthly Trend
Down 6.9% from November, 2009Down 1.1% from Previous Month
4Q10 © Copyright Metrostudy 2011
Source: Woodstock Institute
Chicagoland MarketSix County Area - Properties with New Foreclosure Filings by Quarter
4Q10 © Copyright Metrostudy 2011
City 2009 3q09 YTD 3q10 YTD #Chg from ’09 %Chg from ’09
Aurora 1,960 1,399 1,754 355 25.4%
Joliet 1,285 879 1,204 325 37.0%
Elgin 1,146 789 1,021 232 29.4%
Cicero 982 643 780 137 21.3%
Waukegan 887 618 742 124 20.1%
Bolingbrook 857 592 773 181 30.6%
Berwyn 659 408 577 169 41.4%
Carpentersville 562 400 559 159 39.8%
Palatine 540 352 600 248 70.5%
Schaumburg 532 340 488 148 43.5%
Calumet City 528 327 454 127 38.8%
Romeoville 523 363 439 76 20.9%
Hanover Park 511 341 443 102 29.9%
Source: Woodstock Institute
Chicagoland MarketForeclosure Filings - Submarkets with 500+ Foreclosures in 2009
4Q10 © Copyright Metrostudy 2011
Source: Metrostudy
Chicagoland MarketAnnual New Homes Started - Year by Year
4Q10 © Copyright Metrostudy 2011
-2% -14% -10% 18% -53% -44%
Source: Metrostudy
Chicagoland MarketYear to Date Housing Starts - 2009 & 2010 Comparison by County
-31% -20%-8%
4Q10 © Copyright Metrostudy 2011
Source: Metrostudy
Chicagoland MarketFinished Vacant New Home Inventory - Quarterly Trend
4Q10 © Copyright Metrostudy 2011
Source: Metrostudy
Chicagoland MarketAnnual New Home Starts & Lot Inventory - Annual Trend
4Q10 © Copyright Metrostudy 2011
-3% -5%-6% -7% 2% -12%
Source: Metrostudy
Chicagoland MarketVacant Develop Lot Inventory - 2009 & 2010 Comparison by County
-6%-4% 1%
4Q10 © Copyright Metrostudy 2011
Source: Metrostudy
Chicagoland MarketVacant Develop Lot Inventory - Months of Supply by County
4Q10 © Copyright Metrostudy 2011
City/Village County2006 Starts
2010 Starts VDL Mo. Supply
Future Lots
Elgin Kane/Cook 1,184 179 1,847 123.8 12,776
Oswego Kendall 692 123 1,842 179.7 6,350
Chicago Cook 1,123 99 1,161 140.7 4,128
Huntley Kane/McHenry 412 99 985 119.4 6,564
Winfield DuPage 190 93 51 6.6 42
Aurora Various 1,288 80 773 116.0 1,543
Volo Lake 0 76 466 73.6 879
Shorewood Will 629 75 1,103 176.5 2,744
Plainfield Will/Kendall 690 74 1,835 297.6 8,790
Naperville DuPage/Will 981 63 855 162.9 1,021
Yorkville Kendall 911 59 1,949 396.4 18,053
Mundelein Lake 568 54 194 43.1 576
Gilberts Kane 316 53 284 64.3 1,669
Montgomery Kane 181 53 518 117.3 752
Pingree Grove Kane 37 52 863 199.2 5,598
Source: Metrostudy
Chicagoland MarketMunicipality Ranking - Ranked by Annual New Home Starts
4Q10 © Copyright Metrostudy 2011
Builder Name 1q10 2q10 3q10 4q10 Total Closings
Pulte/Del Webb 80 68 147 79 374
D.R. Horton 67 84 87 90 328
Ryland Homes 47 57 67 60 231
Town & Country Homes 32 51 43 42 168
Toll Brothers 37 35 21 19 112
Centex Homes 14 34 36 24 108
M/I Homes 15 9 36 33 93
Olthof Homes 45 16 10 16 87
Lexington Homes 1 47 25 12 85
Contry Homes 13 22 31 15 81
Lennar Homes 19 11 16 32 78
William Ryan Homes 15 13 13 22 63
Red Seal Development 5 16 14 8 43
Sho-Deen Homes 15 8 7 11 41
Hartz Construction 9 11 10 0 30
Source: Metrostudy
Chicagoland MarketBuilder Ranking - Top 15 Home Builders by 2010 Annual Closings
4Q10 © Copyright Metrostudy 2011
Source: Metrostudy
Elgin MarketAnnual New Homes Started - Year by Year
4Q10 © Copyright Metrostudy 2011
Source: Metrostudy
Elgin MarketAnnual New Home Starts & Closings - Historical Trend
4Q10 © Copyright Metrostudy 2011
Source: Metrostudy
Elgin MarketStanding New Home Inventory - Historical Trend
4Q10 © Copyright Metrostudy 2011
Source: Metrostudy
Elgin MarketAnnual New Home Starts & Lot Inventory - Annual Trend
4Q10 © Copyright Metrostudy 2011
Elgin MarketAnnual New Home Starts & Lot Inventory - By Price Range
Source: Metrostudy
4Q10 © Copyright Metrostudy 2011
Extended Period of Unemployment Likely
Job Creation will Lag in the Midwest
Prices Reaching Bottom/Still Little Demand
New & Resale Home Inventory Low
Lot Inventory - Fewer Quality Lots Remain
2,500 Starts in 2010, 2011, Look to 2012
Summary
Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
Our Websiteelginchamber.com
Facebook Pageelginareachamber
EDG Blogelgindevelopmentgroup.blogspot.com
Chamber Blogelginareachamber.blogspot.com
Thank you Don, Dan, and Class Participants
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