2017 CED Eye Opener Breakfast. June 22, 2017 Tuscany Falls Banquet Hall Village of Mokena

Transcription

1 2017 CED Eye Opener Breakfast June 22, 2017 Tuscany Falls Banquet Hall Village of Mokena

2 About the Will County Center for Economic Development

3 CED Mission Statement The CED is a private non-profit 501(c)(6) development corporation formed in 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.

4 CED Services to Business Finding Real Estate: Site and Building Search Money: Incentive Program Assistance Government Contacts: City, County, State & Federal Data: Demographic, Workforce, Taxes, Regulations, etc. Presence Where It Counts: Federal and State Lobbying

5 Why Invest with the CED? We rely on our strong network of Investors and community leaders to help us carry out our mission of making Will County one of the nation s leading economic hubs. As a CED Investor, you help us fulfill our mission.

6 CED Investor Benefits Be part of the most influential business organization in the Will County area, assisting major projects and developments, impacting public policies and local businesses and contributing to the Illinois business solution..

7 CED Investor Benefits Membership on one or more of the CED s Board, Committees and Councils, including: Board of Directors Executive Committee Government Affairs Council Will County Freight Advisory Council Economic Development Council

8 CED Investor Benefits Free or discounted registration at CED Events and Programs including the Global Logistics Summit, Will Eye- Opener Breakfasts, Real Estate Forecast, and the Annual Report to Investors. Receive our monthly edition of CED InFocus newsletter, providing opinion pieces and up to date information on CED events and meetings, major new developments, government affairs and key economic indicators.

9 CED Investor Benefits Priority access to all the CED s business assistance programs to assist Investors and their clients with business expansion projects. Regular contacts with the CED to ensure you are receiving a return on your CED investment.

10 Will County Economic Development Update

11 The State of Illinois

12 The State of Illinois

13 The State of Illinois

14 Metro Out-Migration 7/15 7/16 Source: US Census Bureau

15 CEO Magazine: BEST States to do Business: 1. Texas 2. Florida 3. North Carolina 4. South Carolina 5. Indiana 10.Wisconsin

16 CEO Magazine: WORST States to do Business: 1. California 2. New YORK 3. ILLINOIS 4. New Jersey 5. Connecticut

17 CEO Magazine: ILLINOIS is facing by far the biggest fiscal crisis of any state but remained atop New York and California. The politically divided Land of Lincoln suffers from huge public-worker pension costs, a backlog of bills approaching $15 billion and a $13 billion budget deficit that could hit $20 billion in the next fiscal year.

18 Could Illinois be the first state to file for bankruptcy?

19 The State of Will County, Illinois

20 Economic Conditions in Will County Population: 2016 Est.: 694,358 Unemployment Rate: April % Median Household Income: $76,352 (5 th in State) Job Growth: 8,093New Jobs (12/15 12/16) Housing Market: Picking up

21

22 WILL COUNTY EMPLOYMENT 14% Employment Change % 10% 8% 6% 4% 2% 0% Will County, IL Cook County, IL DuPage County, IL Illinois United States Percent Change 13% 6% 8% 5% 8%

23 Will County Major Employers Amazon 4,000 Logistics Presence St. Joseph 3,034 Health Care Plainfield School District 3,013 Education Silver Cross Hospital 2,664 Health Care Valley View Schools 2,492 Education Will County Government 2,200 Government Ozinga Brothers Inc. 1,500 Material Handling Joliet Junior College 1,500 Education Stateville 1,300 Government Trinity Services 1,200 Non-Profit Agency WeatherTech 1,126 Manufacturing Southern Wine & Spirits 1,120 Food Citgo Lemont Refinery 1,050 Energy Panduit 1,027 Manufacturing

24 NEW MAJOR BUSINESS DEVELOPMENTS 2017

25 1st Quarter 2017 Largest Industrial Construction Projects: Chicago Metro Market 1. Ridgeport Logistics Center/Wilmington 1,507,545-sf General Mills 2. Laraway Crossings/Joliet 1,250,481-sf IKEA 3. Core5 Logistics Center/Joliet 1,026,000-sf Speculative 4. Gateway 57/University Park 1,560,000-sf Georgia Pacific 5. Joliet Logistics Park/Joliet 992,640-sf Speculative 7. Monee Industrial Park/Monee 856,605-sf Amazon 9. Channahon Corporate Center/Channahon 749,554-sf Speculative 10.Carlow Corporate Center/Bolingbrook 615,160-sf Best Buy Source: Colliers International

26

27

28 NEW MAJOR BUSINESS DEVELOPMENTS 2017 General Mills 1,507,545-sf Wilmington Food/Logistics Geodis 280,962-sf Romeoville Logistics Apollo Flow Controls 226,102-sf Romeoville Logistics Black Horse Carriers 109,354-sf Bolingbrook Logistics Kellog s 262,033-sf Joliet Food/Logistics Cap Barbell 200,00-sf Joliet Manufacturing Presence Medical 28,000-sf Romeoville Health Care CDTI 501,313-sf Joliet Telecommunications Crete Intermodal Center 1,000 acres Crete Logistics (Planned)

29 NEW MAJOR BUSINESS DEVELOPMENTS 2017 Blue Ribbon Products 80,000-sf Joliet Food Silver Oaks Hospital 68,000-sf New Lenox Health Care Hengli America LLC 46,289-sf Bolingbrook Manufacturing Kloeckner Metals 106,000-sf University Park Manufacturing Odyssey Logistics 121,680-sf Joliet Logistics ITS ConGlobal 182,437-sf Joliet Logistics Odyssey Logistics 121,680-sf Joliet Logistics Compass Business Park 2,200 acres Elwood Logistics/Manufacturing (Planned)

30 Will County Housing Permits Single Multi Single Multi , , , , , , , , , , , , , , (Through April) , TOTAL: 71,683 3,895 TOTAL: 7,947 1,474 GRAND TOTAL: 75,578 5,369 SOURCE: US Dept. of Housing & Urban Development

31

32 Largest U.S. Container Ports By Container Volume LA/Long Beach 14 Million 2. New York 5.5 M 3. Savannah 3.1 M 4. Will County 3 M 5. Seattle 3 M 6. Norfolk 2.3 M 7. Houston 2.1 M 8. Oakland 1.6 M 9. Charleston 1.5 M 10. Tacoma 1 M

33 Crete Intermodal Center

34 Crete Intermodal Terminal

35 Crete Intermodal Terminal Development Features Eight 6,000-foot processing tracks Two 6,500-foot support tracks Annual processing capacity of 500,000 lifts 2,600 container spaces Seven zero-emissions electric cranes Site grading to screen sights and sounds Directional lighting to limit offsite impacts

36 Compass Business Park

37

38 Bridge at Strawn Rd. & Rte. 53

39 Access to BNSF Intermodal

40

41 South Suburban Airport Access to BNSF Intermodal

42 CenterPoint Intermodal Center Will County, Illinois

43 CenterPoint Intermodal Center Will County, Illinois

44 CenterPoint Intermodal Center Will County, Illinois

45 John s Amazon Delivery Bike

46 IKEA CenterPoint Intermodal Center Will County, Illinois

47 Pizza Bot

48 Lettuce Factory

49 An Innovative Public - Private Partnership

50

51

52 Workforce Data Analysis Private Sector Jobs by Industry in Will County, 2016 All Others, 37% Utilities, 1% Construction, 8% Wholesale Trade, 8% Retail Trade, 14% Manufacturin g, 10% Accommodation +Food, 9% Transportation + Warehousing, 8% Freightdependent industries represent over 57% of all private sector jobs in Will County totaling over 122,000 jobs

53

54

55 Transearch In Progress Top-level directional movements, all modes combined in 2015

56

57

58 An Innovative Public - Private Partnership

59 Map of Will County Projects of Regional and National Significance

60 WHAT KEEPS JOHN UP AT NIGHT?

61 P3 Lego Bridge

62 WHAT KEEPS JOHN UP AT NIGHT? Entering year three of the State No Budget Era Shutting down of all state road projects by June 30 Safety/congestion on Rte. 53 & I-80 & Laraway Road Indiana, Wisconsin, Michigan, Missouri, Iowa & Kentucky State losing their EDGE (tax credits) Junk bond status Where will all the workers come from? Fifty-five units of government planning transportation Wondering why more companies don t join the CED

63 WHAT KEEPS JOHN ASLEEP AT NIGHT?

64 WHAT KEEPS JOHN ASLEEP AT NIGHT? WILL COUNTY leading the region in new job creation, industrial development and business expansion in spite of the state Private sector investment confidence in the local economy Strong local and county government leadership that balances budgets and invests in 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. CED INVESTORS that support our Mission!!