COOK COUNTY Economic Development

Overview of Related Programming and Special Initiatives

Scope of Cook County Operations

Provides more than five million residents with vital services for public safety, health, and property.

Also responsible for providing municipal services to areas of unincorporated Cook County.

Uniquely positioned to foster economic development and job growth.

Cook County Demographic Characteristics

Cook County IllinoisPopulation, 2010 5,194,675 12,830,632Population, percent change, 2000 to 2010 -3.40% 3.30%Population, 2000 5,376,741 12,419,293Persons under 5 years, percent, 2010 6.60% 6.50%Persons under 18 years, percent, 2010 23.70% 24.40%Persons 65 years and over, percent, 2010 11.90% 12.50%

Data Source: U.S. Decennial Census

Key Industry Clusters in Cook County

Cook County

62%

Rest of MSA 36%

Business Services

Cook County

53%

Rest of MSA47%

Freight and Logistics

Cook County

57%

Rest of MSA43%

Health and Medical

Cook County

60%

Rest of MSA40%

Food Manufacturing

Council of Economic Advisors (CEA)

Appointed by President Preckwinkle in July 2012

Provides high level advice on economic trends and regional strengths

Released Partnering for Prosperity - An Economic Growth Action Agenda for Cook County in April 2013

Bureau of Economic Development

MISSION STATEMENT: • To foster community development, economic development

and workforce development within Cook County

• To strategically leverage resources and provide efficient professional management

• To stimulate: Sustainable community investment Business growth, attraction, and retention Affordable housing Regional planning

Bureau of Economic Development

The Bureau is made up of the following Departments:

• Capital Planning and Policy• Planning and Development• Real Estate Management• Building and Zoning• Zoning Board of Appeals

Department of Planning and Development

• DPD is the primary agency which develops, administers, and manages economic development centric programming in Cook County

• DPD includes the following divisions: Economic Development Community Development Affordable Housing Finance

Department of Planning and Development

The Cook County Department of Planning and Development is committed to developing sustainable communities by:

fostering economic development; preserving and expanding the supply

of safe, decent and affordable housing; Facilitating infrastructure

improvements; promoting fair housing; and supporting programs that address

the problems of homelessness.

Department of Planning and Development

Key Goals:• Support Expansion of

Economic Opportunities• Support Sustainable

Community Development• Support Homelessness

Prevention Activities • Implement Affordable Housing

Strategies• Improve Grants Management

Department of Planning and Development

• Annual Federal Programs: (1) promote grant opportunities (2) improve response to reflect innovative approaches, best practices, or new models (3) review applications in accordance with HUD requirements and applicable plans (4) provide support to funding recipients

• Grant Management: (1) deploy and track grant funds, (2) disburse funds, (3) report accomplishments & performance measures regularly, (4) identify and apply for mission-aligned grants.

Department of Planning and Development

• Business Incentive Programs: (1) assist businesses with growth and job retention/attraction, (2) process/review incentive requests through administrative and legislative processes, (3) track incentives awarded for compliance.

• Regional Planning: (1) identify innovative approaches to solving regional economic development issues, (2) engage active regional partners, (3) apply new strategies to problem-solving with Cook County in the leadership role, (4) encourage collaboration among municipalities.

Department of Planning and DevelopmentPrior Year Performance

CDBG Funds

ESG Funds HOME Funds

$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

PY 2010PY 2011PY 2012PY 2013PY 2014

Recent HUD Funding Summary

Department of Planning and DevelopmentPrior Year Performance

Outreach: • 1500+ People• 50+ Businesses • 130+ Municipalities• 30 Townships

Assistance (Funding and/or Technical): • 38,150 People• 57 Businesses• 49 Municipalities • 114 Taxing Districts • 2 Townships

Department of Planning and DevelopmentPrior Year Performance

Housing:• 149 Rental Units Produced• 73 For Sale Units Produced • 68 Units Sold

Jobs:• 2,214 Estimated Jobs Created by Incentives • 1,195 Estimated Jobs Retained by Incentives • 830 Construction Jobs Supported by CDBG/HOME • 151 Service Jobs Supported by CDBG/ESG

Department of Planning and DevelopmentPrior Year Performance

Leverage• Generated more than $161 million in private investment in

Cook County from $26 million in tax savings - Ratio of 6.19 to 1 for County’s investment

• Leveraged $819,407 with 2013 ESG Funds

• Leveraged $4.8 million with 2013 CDBG Funds

• Leveraged $39.3 million in other public/private financing against $4.5 million in HOME funds for projects active in 2013

Department of Planning and DevelopmentPrior Year Performance

New Resources• Based upon increasingly strong performance,

the County is also receiving $83 million from HUD to support flood disaster projects in suburban Cook County.

• Received Investing in Manufacturing Communities Partnership (IMCP) designation for regional metal manufacturing consortium.

• Continued coordination of seven-County Presidents’ collaborative.

Department of Planning and DevelopmentRecent Economic Development Efforts

DPD works diligently to promote regional economic development opportunities, structure and facilitate financing and incentives to attract/retain businesses as well as create/maintain jobs, and resolve delinquent tax issues to return properties to productive use and enhance the local tax base through:

Department of Planning and DevelopmentRecent Economic Development Efforts

• Reconfiguration and renewal of the Economic Development Advisory Committee (EDAC)

• Launch of the $30 million Section 108 BUILT in Cook Loan program and solicitation/review of prospective transactions

• Creation of two (2) new property tax incentives to address concerns of the commercial real estate community in Cook County

Temporary Emergency Economic Recovery Modification (TEERM)

Sustainable Emergency Relief (SER) – Class 6b

Department of Planning and DevelopmentRecent Economic Development Efforts

Fox Ford Chicago2501 North Elston Avenue Chicago, IL

DPD Assistance:• Class 7b• $57 million in private investment • $4.6 million in tax savings• 25 jobs retained and 292 jobs created• Construction to start Spring 2014

• A strategic planning process that will guide resource development, investments, and partnerships from 2015-19

• CMAP is providing technical assistance • Coordinated effort consisting of two plans in one• Covers economic development, affordable housing, and

community development

Planning for Progress Status Update

• Significant outreach conducted to date through formal kickoff meeting, three suburban regional workshops, interactive website survey, targeted topical focus groups, e-blasts, and social media.

• Over 2,000 individuals representing public, private, and non-profit stakeholder groups as well as the general public have participated.

Planning for Progress Status Update

• Feedback to Date:- #1 Priority: Infrastructure- #2 Priority: Workforce Development - #3 Priority: Business Development- #4 Priority: Affordable Housing

• Overall focus on economic development • Emphasis on connecting people with jobs and housing in

coordination with public and active transit • Social services and planning/capacity building less

emphasized

Planning for ProgressInfrastructure Strategies

• Key findings– Need for additional job growth – Focus on better connecting

people to jobs– Emphasis on coordinating with

other housing, community, and economic development investments

Planning for ProgressInfrastructure Strategies

• Proposed Strategy– Prioritize multi-jurisdictional funding requests – Seek funding for planning and infrastructure

construction projects that address the jobs/housing disconnect

– Prioritize projects that have a clear economic development connection

– Coordinate more closely with other infrastructure funders

Planning for ProgressWorkforce Development Strategies

• Key findings– Existing workforce lacks necessarily

skills to obtain and sustain employment as well as advance professionally

– There is a need to better connect workers to employment in key industry clusters

– Industries with job growth are not easily accessible for prospective and current employees

Planning for ProgressWorkforce Development Strategies

• Proposed Strategy– Coordinate more effectively with employers and

workforce development providers – Collaborate with the Chicago Cook Workforce

Partnership and provide supplemental funding for workforce initiatives

– Develop a Section 3, MBE/WBE compliance system in partnership with other area agencies required to similarly comply

– Connect workforce development programming with other County economic development initiatives such as IMCP, BUILT in Cook loan fund, etc.

Planning for ProgressBusiness Development Strategies

• Key findings– Small businesses face challenges in launching and

sustaining operations – Existing County tax structure creates barriers to business

attraction, retention, and growth – Businesses lack some awareness of County economic

development resources

Planning for ProgressBusiness Development Strategies

• Proposed Strategy– Support small business creation in target areas– Coordinate the use of key incentive programs– Strategically make use of the County’s economic

development tools – Explore tax reforms that would break the cycle of low tax

base growth and high tax rates– Ensure the long-term viability of the manufacturing and

transportation specialized O’Hare and Midway job centers

For More Information

Our work has just begun. For more information, consult:

• http://www.cookcountyil.gov/economicdevelopment• http://

www.cmap.illinois.gov/programs-and-resources/lta/cook-county

For More Information

Our work has just begun. For more information, contact

• Herman Brewer, Bureau Chief, Bureau of Economic Development - 69 West Washington, Suite 3000, Chicago, IL 60602- 312-603-1077 - herman.brewer@cookcountyil.gov

• Michael Jasso, Director - 69 West Washington, Suite 2900, Chicago, IL 60602- 312-603-1033- michael.jasso@cookcountyil.gov.