About the Will County Center for Economic Development...Touchpoint Logistics 206,983 Joliet...
Transcript of About the Will County Center for Economic Development...Touchpoint Logistics 206,983 Joliet...
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About the Will CountyCenter for Economic Development
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The CED is a private non-profit 501(c)(6) developmentcorporation formed in 1981
Funding for the CED comes from private and public Investors committed to the CED’s Missions and Principles
Our services are available for free to all private and public entities committed to creating a robust economic future for Will County
About the Will County Center for Economic Development
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The mission of the Will County Center for Economic Development is to assist in:
• The retention and expansion of existing businesses
• The recruitment of new businesses, and
• The creation of new jobs and investment throughout Will County
CED Mission
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The CED’s programs and services are based on the following principles:
• Defense of the Will County and Illinois Economies
• Competitiveness of Will County Businesses
• Diversification of the Economic Base
• Inclusive Economic Development
• Infrastructure Modernization
• Workforce Attraction and Development
CED Guiding Principles
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Real Estate Information: Comprehensive site and building data base
Economic Data & Research: Development activity & trends, population,
workforce, taxes, regulations, customized research
Incentives: Project & program eligibility and analysis
Government Guidance: Contacts and coordination with federal, state,
and local officials
Presence Where It Counts: Federal and state lobbying
CED Services to Businesses
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Economic Update
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Economic Conditions in Will County
Population: 692,310 (2018, up 2% from 2010)
Unemployment Rate: 4.2% (July 2019 – Lowest July since 1998)
Median Household Income: $82,477 (2017, 5th – highest in State)
Job Growth: 8,450 New Jobs (Q2 2018 – Q2 2019)
Housing: 1,594 new building permits (2018, up 15% from 2017)
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Illinois Leads in Job Creation
Illinois is significantly outperforming its neighbor states in job creation after the recession.
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Will County Job Creation
100,000
120,000
140,000
160,000
180,000
200,000
220,000
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Source: Bureau of Labor Statistics, QCEW Data
Will County Private Jobs 2001 - 2018
Recession
215,000 jobs in 201837% job growth post-recession
123,000 in 2001
156,000 in 2009 recession trough
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Will County Unemployment
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Will County Industrial Inventory
1996: 51 million sf
2019: 184 million sf
2005: 101 million sf
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Business Developments
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New Major Business Developments – Q1 2019
Company Building Size City IndustryGrainger 408,932 Joliet Industrial SuppliesLennox International 400,393 Romeoville Home GoodsBed Bath & Beyond 361,176 Bolingbrook Home GoodsSaddle Creek 287,709 Elwood TransportationNGL 283,866 New Lenox TransportationSaratoga Specialties 269,662 Bolingbrook Food/BeverageA&R Logistics 250,560 Joliet TransportationNovo Building Products 250,000 Channahon Home GoodsTouchpoint Logistics 206,983 Joliet TransportationSymbia Logistics 206,711 Bolingbrook TransportationAutomann USA Inc 202,582 New Lenox AutomotiveAmazon 153,350 Monee Production/PrintingSwap.com 132,123 Woodridge RetailWeatherTech 110,000 Bolingbrook ManufacturingWC EMA & Animal Control 18,000 Joliet Government Services
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Novo Building Products - Channahon
250,000 square feet in new Channahon Route 6 Business Center
Industry leading manufacturer and distributor of mouldings, stair parts, doors, and specialty building products.
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Diageo - Plainfield
1.5 million square feet
137 acres
Supports existing 525-job Diageo production facility in Plainfield
Project includes expansion of 143rd
Street west to Ridge Road
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NFI/Hasbro - Joliet
Purchase to occupy
992,640 square feet
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Silver Oaks Hospital – New Lenox
100-bed facility
Specializes in mental health and substance use disorder treatment
Joint venture between Silver Cross Hospital and US HealthVest
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WeatherTech Expansion - Bolingbrook
Expansion of Bolingbrook headquarters
Premier automotive accessories and OEM auto supplier and manufacturer
Supports WeatherTech’s 1500+ employees in Bolingbrook
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IDOC Inpatient Treatment Center - Joliet
$150 million investment
180,000 sf, 250-bed facility
400 jobs
Broke ground in 2019, to open in 2021
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S&S Activewear - Lockport
750k sf build-to-suit industrial building
350 jobs
Will County headquarters company
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Joliet Cold Storage Expansion - Joliet
230,000 sf of additional cold storage space
3rd phase of facility
Cold storage/food demand remains high
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Avatar – University Park
New rail spur and expanded service
Will County headquartered company
Leading manufacturer in raw materials and ingredients used in the food, drug, and personal care industries.
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Amazon Make-On-Demand Facility – Monee
Make-On-Demand Facility
Amazon’s 6th Will County facility
Up to 400 new jobs (250-300 off-peak)
153k square feet
Open July 2019
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Magid Glove Solar Project - Romeoville
The Midwest’s largest rooftop solar array
3.5 MW of power generated by 10,500 panels
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Cadence Pit Stop - Joliet
77,000 sf new facility, expansion of Cadence Premier Logistics footprint
Serving newest technologies in transportation
Additional opportunities for technical training with local schools
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Four Seasons - New Lenox
612 single-family residences on the 223.26-acre Teerling Nursery property
12,000 sf clubhouse facility and 1.65 miles of trails
Breaks ground 2019, models open and homes under construction in 2020
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Highland Ridge - Lockport
New mixed use development
240 new residential units in 12 buildings
4 commercial lots with space for retail, restaurant, office, medical, hospitality
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Transportation Initiatives
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Will CountyThe Largest Inland Port in North America
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Major Will County Transportation Projects
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Transportation MapCenterPoint Intermodal Center
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CenterPoint Intermodal Center- Elwood
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CenterPoint Intermodal Center- Joliet
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Walmart Regional Distribution Center
Elwood Illinois
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IKEA Distribution Center
Joliet Illinois
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The Importance of Freight in Will County
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The Importance of Freight in Will County
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State Capital Bill
Will County Transportation Funding Includes:
$848 million for I-80 reconstruction
$162 million for South Suburban Airport I-57Interchange (Budget)
$6 million for Lewis Airport Control Tower
$3 million for Pinnacle Drive Extension in Romeoville
$2.5 million for Brandon Road Locks
$0.8 million for Route 53 Safety Improvements
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www.i-80coalition.com
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I-80 Coalition – Purpose and Objectives
The purpose of the I-80 Coalition is to accelerate the completion of the “I-80 Project” by the end of 2023. The coalition will accomplish its purpose by:
Engaging a broad group of concerned and interested stakeholders in a grass roots campaign.
Becoming well-informed of all current and possible ways to complete the “I-80 Project”.
Sharing all available information and research with public and private decision makers.
Funding a public information and lobbying initiative to influence a positive decision making pathway to complete the project.
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I-80 Project/Study Area
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Des Plaines River Bridge
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Des Plaines River Bridge Preferred Alternative
New Realigned
Bridges over the
DPR
Existing Bridges
Removed
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Houbolt Parkway Extension
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Thank you for being a partner in economic development!
John GreulingPresident and CEO