John E. Greuling President & CEO

Gift Card Raffle

Recognition of Elected Officials,

CED Board and CED Investors

State Senator Pat McGuire

43rd Illinois Senate District

Recognition of CED Staff: Renee Stagno

Kristin Erickson

Michele Kubitz

Pat Altman

Samantha Flores

CED Mission Statement The Mission of the Will County Center for Economic

Development is to assist in:

• The retention and expansion of existing business

• The recruitment of new business, and

• The creation of new jobs and investment within Will

County

The Will County CED

Formed in 1981 when unemployment approached

20% in Will County

Purpose: To diversify and grow the Will County

Economy

A true Public Private Partnership, the CED has been

Driving Success for 35 years in Will County

35th Anniversary Celebration in 2016 Special Logo

Anniversary Web Page

Business Spotlight Program

Robust Radio, Print and Social Media Campaign

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35th Anniversary Celebration

October 6th

Rialto Square Theatre

The Night of Celebration Includes:

Red Carpet Welcome

VIP Reception

Cocktail & Hors D’oeuvres

Special Guests

Performance by Capitol Steps comedy troupe

* SPONSORSHIP OPPORTUNITIES AVAILABLE

2016 WILL COUNTY ECONOMIC

DEVELOPMENT UPDATE

CED Eye Opener Breakfast

Thursday, June 23, 2016

Tuscany Falls Banquets and Events

Mokena, Illinois

The “State” of Illinois

The “State” of Illinois

The Real State of Illinois

Will more revenue actually fix

everything???

Source: Pew Trust

Source: Pew Trust

Source: Pew Trust

Source: Pew Trust

CEOs say Illinois is bottom-5

worst states for business

Illinois was ranked 48th, among the worst

states in the country, for businesses by

Chief Executive magazine.

Only New York and California placed

behind Illinois.

CEOs say Illinois is bottom-5

worst state for business

Illinois ranked 46th for taxation and regulation

44th for workforce quality

45th for living environment

Last year, it also placed 48th overall. Only New York and California placed behind it

CEOs say Illinois is bottom-5

worst state for business

“Illinois continues to tax heavily and politicians

continue to destroy opportunities for employees

and businesses. It’s a terrible combination,

which leads to the exodus we see in both

families and businesses," one unnamed CEO told

the magazine.

CEOs say Illinois is bottom-5

worst state for business

"The Illinois budget crisis is approaching

catastrophic proportions and will soon impact the

quality of living in the state for middle income

and moderately higher income families," said

another.

Source: IDES

The “State” of Will County,

Illinois

Population: 2015 Est.: 687,263

Unemployment Rate: April 2016 - 6.4% (7.0% Jan)

Median Household Income: $76,352 (5th in State)

Job Growth: 7,488 New Jobs (3/15 – 3/16)

Housing Market: Still sluggish

Economic Conditions in Will County

Industrial Vacancy Rates1st Quarter 2016:

I-55 Corridor – 6.02% (7.4% 2015);

I-80 Corridor – 5.53% (7.9%);

I-57 Corridor - 16.25% (19.6%)

New build to suit and speculative industrial under

construction: 4.1 million sq. ft.

Economic Conditions in Will County

Source: IDES

U.S. Census Bureau

Single Family Housing Permits

Will County , IL 1990 – April, 2016

1990 2,374 2009 452

1995 3,462 2010 477

2000 5,977 2011 499

2005 7,957 2012 685

2006 5,504 2013 892

2007 2,753 2014 945

2008 1,136 2015 946

(April)2016 262

Chicago Metropolitan Area County Retail Sales Growth 2007-2014

Civil Subdivisions 2007 2014 Percent Change

Chicago $22,954,101,315 $26,656,194,685 16.1%

Cook Co. (less Chicago) $37,844,015,866 $40,247,697,133 6.4%

Total Cook County $60,798,117,181 $66,903,891,818 10.0%

DuPage County $17,622,667,513 $18,951,270,231 7.5%

Kane County $5,983,161,786 $6,329,402,682 5.8%

Lake County $10,855,849,976 $11,810,821,516 8.8%

McHenry County $3,467,252,766 $3,701,824,697 6.8%

Will County $7,108,958,603 $8,525,593,434 19.9%

Total Counties $106,868,471,989 $116,222,804,378 8.8%

2016 WILL COUNTY

MAJOR DEVELOPMENTS

“The Race for Space”

NEW MAJOR BUSINESS DEVELOPMENTS 2016

Magenta LLC 122,500-sq.ft. New Ave., Lockport

UPS 273,640-sq.ft. 355 Corporate Center, Lockport

Fresh Thyme Market 317,076-sq.ft.. Bolingbrook

Ghirardelli 328,228-sq.ft. Bolingbrook

RJW Logistics 512,265-sq.ft. Heritage Crossings, Lockport

Batory Foods 678,000-sq.ft. RidgePort Logistics, Wilmington

Amazon 700,000-sq.ft. Laraway Crossing, Joliet

Reviva Logistics 718,709-sq.ft. Monee

MAJOR INFRASTRUCTURE PROJECTS

2016

MAJOR INFRASTRUCTURE PROJECTS 2016

2016 WILL COUNTY TRANSPORTATION BLUEPRINT

State/Federal Transportation Projects

Top Priorities

1) Add lanes to I-80 from U.S. 30 west to Ridge Rd including:

- Reconstruct bridges and interchange at I-80 and Rte. 53*

- Construct new Houbolt Bridge south of I-80 and Houbolt Road*

2) Reconstruct I-55 south from Weber Road to I-80 including: -

- Reconstruct interchange at I-55 and Weber Road

- Construct new interchanges I-55 at Airport/Lockport Road and IL 126

- Reconstruct interchange at I-55 and Rte. 59/Seil Road and

intersection at Rte. 59 and Rte. 52

2016 WILL COUNTY TRANSPORTATION BLUEPRINT

State/Federal Transportation Projects

Top Priorities

3) Widen I-55 south from I-80 to the county line:

- Replace the Des Plaines River bridges

- Reconstruct Lorenzo Road Interchange*

4) Construct the Illiana Expressway*

5) Construct the South Suburban Airport

* Possibly eligible for FAST Act freight funding

WHAT KEEPS JOHN UP AT NIGHT?

Entering year two of the State No Budget Era

The direct harm this is doing to education, social services,

local governments and the over all image of the state

No state capital bill for needed transportation projects

Lack of a comprehensive freight movement plan for Will

County impacting safety, congestion and jobs

Competing states with more aggressive economic

development programs

Where will all the workers come from?

Wondering why more companies don’t join the CED

WHAT KEEPS JOHN UP AT NIGHT?

WHAT KEEPS JOHN ASLEEP AT NIGHT?

WILL COUNTY leading the region in new job creation, industrial development and business expansion

Private sector investment in WILL COUNTY shows continued confidence in the local economy

Will County and its communities balancing their budgets and investing in roads and new facilities to meet the demands of the future

The quality of health care, education (K-12 and Higher Education), recreational facilities and community services makes WILL COUNTY one of the best places for businesses and people in the Midwest.

WHAT KEEPS JOHN ASLEEP AT NIGHT?

Having a full portfolio of active deals and projects without having to rely on the state for leads

Recalling my visit to the Midewin Tall Grass Prairie and watching the buffalo roam

Knowing the economic future for WILL COUNTY remains bright, and

Knowing the CED is the best way for individuals and businesses to make a difference in the Will County and Illinois economies

WHAT KEEPS JOHN ASLEEP AT NIGHT?

Scott Paddock

President, Chicagoland Speedway &

Route 66 Raceway

The CED: Getting It Done

1. Engage public and private sector leaders in a pro-

active economic development program

2. Influence public policy that furthers business

expansion in Will County and the State

3. Make business and industry aware of the business

growth opportunities in Will County and its

communities

4. Brand Will County as the Jobs County for the

Metro-Chicago area;

4. Insure that public investment in infrastructure

critical to our economic future happens in a timely

fashion

5. Measure and communicate the economic

development successes in Will County to

demonstrate that supporting the CED is critical to

moving the economy forward.

6. Create a “Culture of Economic Development”

throughout the County

CED Services to Business & Industry

Real Estate: Site and Building Searches

Money: Incentive Program Assistance

Government Guidance: Coordination with State,

County and Municipalities

Data: Demographic, Workforce Data, Economic Trends

Custom Studies: Research & Statistical Data

Presence Where It Counts: Federal and State Lobbying

As an Investor how do I Participate/Benefit?

Join a CED Council, Committee or the Board

Attend CED Events

Use the CED Staff for business introductions

Utilize CED Programs in your client development

Receive guidance on government relations

Special project support/assistance/lobbying

CED Board/Councils/Committees

CED Board of Directors

Economic Development Council

Workforce Development Council

Government Affairs Council

Will County Freight Advisory Council

CED Board/Councils/Committees

2016 Work Program: • Hosted the Will County Economic Report on Life Sciences

• Existing Business Retention Survey Program

• Training Program for Elected and Appointed Government Officials

• Community Assistance Roundtable

CED Board/Councils/Committees 2016 Activities

• Hosted the Will County Economic Report on Life Sciences

• Hosted the Will County Business Roundtable on Workforce Issues

• Sent a CED delegation to Washington DC in March

• Existing Business Retention Survey Program

• Spearhead the development of a Will County Freight mobility plan,

working with Federal, State and local officials and companies in the

logistics industry

• Training Program for Elected and Appointed Government Officials

• Community Assistance Roundtable

Upcoming CED Events

10th Annual Global Logistics Summit

September 13th

Bolingbrook Golf Club

35th Anniversary Celebration

October 6th

Rialto Square Theatre

Annual Report to Investors

December 2nd

Clarion Hotel Joliet

THANK YOU FOR COMING!!

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Will County Center for Economic Development

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