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T r e n d s R e p o r t
Fa l l 2 0 1 6V o l u m e 4
TARGET NEWCOMERSBEFORE SHOPPING LOYALTIES DEVELOP
Become a sponsor of the Community Welcome Service program through the Champaign County Chamber of Commerce. Promote yourself to new Champaign County residents and receive essential demographic data that can be used for strategic and targeted marketing for your business. These residents receive gift boxes within a few weeks of arrival with information about the area, as well as coupons, free gifts and brochures provided by the program’s sponsors.
“The Champaign Park District strives to serve all members of the community through programming, events, and open spaces. It is especially important to reach out to new members of the
Champaign area who may not know the vast offerings we provide! The Community Welcome Service helps us expand our
reach and better serve C-U.” - Champaign Park District
HOW DO I GET SIGNED UP?To take advantage of this program, contact Karly Combest at the
Chamber, 217.359.1791 or [email protected].
Hear from a current sponsor...
Dear Chamber Members, Table of Contents:Population..................................4-5Demographics.............................6Income.............................................7 Workforce.......................................8 Education.......................................9Economy......................................10Economic Development.......11Real Estate...................................12Tourism.........................................13Top Employers..........................13Political Association................14Transportation...........................15Agribusiness...............................16Economic Gardening.............17Recognitions...............................18
This publication was compiled by Cass Gardner, intern to the Champaign County Chamber of Commerce.
We are pleased to provide your company with the fourth annual Trends Report. This publication is designed to provide our members with information and data that can be used in your daily business decision making.
One of the biggest challenges facing all business owners and managers is making the right decisions to grow your companies; expand your products and/or improve your services.
Using data, understanding trends, understanding the local marketplace and local demographics can be helpful to your company as you strategically plan for the future of your business.
Please take time to review the information provided. Our goal is to provide our members with data on an ongoing basis to help your company. Please take time to reach out to us and let us know if we are we missing information that would be invaluable to your particular industry?
We want to know what you need in order to help support those gut-made decisions – backed with data. Your feedback is encouraged to [email protected].
We hope you find the Trends Publication helpful to your company.
Sincerely,
Laura WeisPresident & CEO
4
Source: US Census Bureau 2012-2015
Champaign
DeWitt
Douglas
Ford
McLean
Piatt
207,133
2014 2013 2012204,897 203,276
16,284 16,420 16,463
19,889 19,887 19,853
13,688 13,832 14,008
174,061 174,647 172,281
16,431 16,433 16,504
Champaign
+2.7%
DeWitt
-1.3%
Douglas
-0.01%
Ford
-1.9%
McLean
+0.05%
Piatt
-0.07%
POPULATION BY COUNTY
POPULATION PERCENT CHANGE 2012 - 2015
*WHAT THIS MEANS: While many communities in Central Illinois and statewide have seen population decreasing, more residents are moving to and staying in Champaign County. In fact, according the NerdWallet, Champaign County is the third fastest growing community in Illinois.
2015208,861
16,247
19,823
13,736
173,166
16,387
Population
203,276
16,463
19,853
14,008
172,281
16,504
5
0
1000
2000
3000
4000
5000
0
1000
2000
3000
4000
5000
2013-2001
2001-201320132010200720042001
1,000
2,000
3,000
4,000
POPULATION BY COUNTY CHAMPAIGN COUNTY STUDENTS AT UIUC
Source: University of Illinois at Urbana-Champaign Division of Management Information; Sage Publishing 2016 Sage Stats; Sperling’s Best Places 2014
2,5672,775
3,164
4,014
2,593
30000
40000
50000
30,000
40,000
2005 2010 2012 2014
38,454
41,94942,883
43,60344,880
UIUC TOTAL STUDENT POPULATION
2016
POPULATION QUICK FACTSMigrant’s Entering
Champaign County
7,259Average
Household Size
2.32Population
Density
202Persons per square mile
6
RACE
AGE
SEX
70%
13%
10%
7%
50%50%
65%
10% 6%
19%
White
Black
Asian
Hispanic
2010 DEMOGRAPHICS
18 - 65
Under 18
Under 5
Over 65
Women
Men
Source: US Census Bureau 2014, Sperling’s Best Places: 2014
Race:White - 75%Black - 12%
Hispanic - 4%Asian - 9%
Sex:Women - 50%
Men - 50%
29.7overall median age,making Champaign
County the youngest out of all 102 Illinois counties.
MARITAL STATUS
Divorced/Separated
Never Married
Married
Widowed
35%
53%
9% 3%
Demographics
IncomeSources: US Census Bureau (2010-2014); Bureau of Labor Statistics (2013)
$ 46,680Median Household Income
$ 26,087Champaign Per Capita Income
*Income measured by annual mean wage
QUICK FACTS
I lli n o i s A n n ua l M ea n Wag e By O cc u pat i o n:Occupation
Management
Sales & Related OccupationsOffice & Administrative Support
Personal Care & ServiceBuilding & Grounds MaintenanceFood Preparation & ServingProtective ServiceHealthcare SupportHealthcare Practitioners/TechniciansArts, Design, Ent. Sport & MediaEducation, Training & LibraryLegal OccupationsCommunity & Social Service
Business & Finance
Life, Physical & Social Sci.
Computer & MathematicsArchitecture & Engineering
ProductionTransportation & Material Moving
Installation, Maintenance & RepairConstruction & ExtractionFarming, Fishing & Forestry
$108,920
$41,370$37,100
$26,440$29,080$22,310$50,040$30,000$74,650$55,330$55,550
$102,510$48,280
$72,640
$71,790
$82,540$78,570
$36,370$36,590
$48,520$61,070$30,960
$104,410
$40,720$35,680
$25,770$27,120$21,590$47,640$28,260$72,200$53,480$52,480
$102,020$46,820
$71,780
$69,110
$78,260$75,460
$35,390$34,730
$47,050$57,550$31,620
2015 2013
Workforce
68
Sources: US Census Bureau, OnTheMap Application and LEHD Origin-Destination Employment Statistics, US Chamber of Commerce, Sperling’s Best Places: 2014, Buzzfeed.com, Forbes
Labor Force
104,416Recent Job Growth
3.49%
Outside Commuters:
32,800 Startups
158Job Opportunities
87,367
CHAMPAIGN COUNTY STATISTICS
Work and Live in
Champaign
54,489
2015 2014 2014
2014 2014
2006 - 102,215
2000 - 100,969
**From statistical abstract
Forbes listed Champaign-Urbana as one of its top 12 business incubators that is
changing the world.
This is due to the large amount of entrepreneurial resources on hand in the
area including:
• Top ranked tech and engineering programs and talent from UIUC
• 3.2x the national per capita average of venture capital first fundings
• A cost of living 9.7% lower than the national average
Nationally, in 2012 an estimated 3 million jobs went unfilled due to skills
gap. By 2018, it is expected to be 7 million jobs.
For every job that requires a master’s degree, there are two professional jobs that
require a university degree, and seven jobs that require a one-year
certificate or a two-year degree.
*WHAT THIS MEANS: There is a direct correlation between jobs and workforce readiness to population growth. A strong economy and skilled workforce lead directly to more population in Champaign County.
Education
RELATIVE INCOME & UNEMPLOYMENT
Median Weekly Earnings Unemployment Rate
All Workers:
$860
All Workers:
4.3%
DoctoralDegree (5.04%)
professionalDegree (2.38%)
Master'sDegree (13.85%)
Bachelor'sDegree (20.95%)
Associate'sDegree (7.89%)
Some CollegeNo Degree (20.09%)
High SchoolDiploma (23.14%)
No High SchoolDiploma (6.67%)
$1,623
$1,730
$1,341
$1,137
$798
$738
$678
$493
1.7%
1.5%
2.4%
2.8%
3.8%
5.0%
5.4%
8.0%
Source: US Bureau of Labor Statistics: 2015; Sperling’s Best Places: 2014; US Census Bureau 2014 & 2010; 2013-2014 Illinois At-A-Glance Report Card;
(%) = Percentage of ChampaignCounty Pop. educated to this level***
9Cha
mpa
ign
Uni
t 4
Mah
omet
-Sey
mou
r Sch
ool D
istr
ict 3
Rant
oul S
choo
l Dis
tric
t 137
Tolo
no C
USD
7
St. J
osep
h Sc
hool
Dis
tric
t 169
Urb
ana
Scho
ol D
istr
ict 1
16
9,439
2,980
2,4211,386
4,077
1,731
NUMBER OF STUDENTS (2013-2014)
Pupil/Teacher Ratio: 13.9
National Average: 15.3
Educational Expenditure per student: $12,411
NationalAverage:$10,495
02000400060008000
10000120001400016000
Stud
ents
Major Area of Study
Common UIUC Majors
Sources: Sperling’s Best Places (2014), City of Champaign (2013), Tax-Rates.org (2014), Bureau of Economic Analysis (2012)
10
Sales TaxProperty Tax 2 Percent
CityUrbana
ChampaignRantoul
OgdenSavoy
Saint Joseph
1.501.50
1.00
0.500.50
1.25
Total9.009.008.758.508.008.00
$revenue source
Cham
paign
County’s largestCOST OF LIVING: SURROUNDING COUNTIES 2014 *The United States is the index. It serves as a reference point.
CHAMPAIGN COUNTY TAXES
*WHAT THIS MEANS: Based off one dollar ($1.00) of what an average American spends on goods and services, The Cost of Living Index tells how much that same dollar will get you in your area. Say a gallon of milk costs $4.00 on average in America, that same gallon of milk will cost $3.64 based on the Cost of Living Index in Champaign County.
United States: $1.00 Champaign: $0.91
McLean: $0.96 Vermilion: $0.83
Peoria: $0.87 DuPage: $1.18
Income Tax 5 Percent
State(6.25%)
&County (1.25%)
Add
Illinois Average Sales Tax: 8.13%
(12th Highest Avg)
US Average Sales Tax: 9%
Chicago Sales Tax:
9.75%
Economy
11
Economic Development
FOREIGN DIRECT INVESTMENT (FDI) LOCATION DRIVERS IN US:
ATTRACTIVE COMMUNITY WORKFORCE ATTRIBUTES:
Source: The Site Selectors Guild 2015 Membership Survey; SmartAsset.com (2016)
0 10 20 30 40 50 60
attributes that best indicate an area’s ability to provide and sustain a skilled and su�cient workforce
Competitive stregnths expcted to drive domestic and FDI location investment to the US
0 10 20 30 40 50 60 70 80
*Competitive strengths expected to drive domestic and FDI location investment to the US
0 10 20 30 40 50 60
attributes that best indicate an area’s ability to provide and sustain a skilled and su�cient workforce
Competitive stregnths expcted to drive domestic and FDI location investment to the US
0 10 20 30 40 50 60 70 80
Market Access/Logistics
Availability of Skills/Technical Talent
Energy Costs
Total Operating Costs
Low Business Risk
IP and Legal Protection
Quality Infrastructure
Tax Climate
Real Estate
*Attributes that best indicate an area’s ability to provide and sustain a skilled and sufficient workforce
Ability to Develop Skills Locally
Quality of Local Community/Vo-Tech
Presence of Other Companies with Similar Skill Sets
Ability to Attract Talent from Outside the Local Market
Living Conditions that attract and retain talent
Diversity of Companies and Job
Training Programs and Incentives
Quality of Local Universities
Champaign Cook Illinois Avg.Will$282
$922
$8,909GDP GROWTH IN MILLIONS
$215Champaign Cook
Illinois Avg.
MoultrieWill
BUSINESS GROWTH
0.7%
-1.3%
5.2%4.7%
2.3%
NEW BUILDING PERMITS
Champaign Cook Illinois Avg.MoultrieWill
(PER 1000 HOMES)13.6
2.75
7.8
3.6
Champaign Cook MoultrieWill
INCOMING INVESTMENT INDEX
30.8126.44
38.53
25.33
12
Sources: Champaign County Association of Realtors (2013-2016); Sperlings Best Places: 2014;TheIllinoisRealtor.org Housing Price Forecasts, 2016; SAGE Statistics
CHAMPAIGN COUNTY HOUSING STATS
Real Estate
$127,000
2013
$1,287 (2013)
Property Tax Rate
$21.62per $1000
of home value
2016 YTD Home Sales
1,479 Homes
$130,000
2014
$150,250+0.23%
from 2015
2016
MED
IAN
HO
ME
SALE
PRI
CE
Champaign County’s housing market has been on a steady incline on par with the rest of the nation recovering from the 2008 housing bubble crash. Median prices are forecast to continuously grow in 2016 but within a narrower range than 2015.
+9.23% from 2015
Avg. Mortgage Pmnt.
Less Than $100K: 18.83%
> $750K: 1.13%
$300K - $749K: 10.70%
$100K - $149K:30.41%
$150K - $199K: 23.47%
11.83%
$200K - $299K15.47%
Va l u e o f O w n e r O c c u p i e d H o u s i n g
Homes Rented: 47.69%
Homes Owned: 43.72%
Homes Vacant: 8.60%
Vacant For Rent: 2.56%
Vacant Rented: 2.48%
Vacant Other: 1.91%
Vacant For Sale: 1.16%
Vacant Sold: 0.49%
% o f H o u s i n g O w n e d / R e n t e dvs Va ca n t
13
Carle19,8444,500
Champaign Community Unit 4 School District
Carle Physician Group 1,920
1,500Presence Covenant Medical Center
Champaign County
Christie Clinic
Urbana School District #116
850810750700
650563
Plastipak Packaging
Health Alliance
Top Chamber employersUniversity of Illinois at Urbana-Champaign
2,520 jobs created
2,650 jobs created
$306.6M in DVS
$330.8M in DVS
$4.9M brought in
$5.6M brought in
Champaign County’s visitor industry brings in local tax revenue.
Tourism supports local jobs and puts money
into the pockets of residents
Visitors create millions in direct visitor
spending (DVS)
Increases Revenue
GeneratesPayroll
Increases spending
2015
2013
Source: Visit Champaign County
Tourism
Political Association
3,734,000 Persons Voting Statewide
41.7% of Eligible
VotingPopulation
DemocratRepublican
Independent/Other
CHAMPAIGN COUNTY PRIMARY VOTERS
52.11%
2.83%
45.06%
Total Champaign County Presidential Primary Votes Cast:
32,291Democratic
58,743Total
26,452
Republican
Republican Vote Totals
Trump7,713
29.16%
Cruz9,725
36.76%
Rubio2,958
11.18%
Kasich5,230
19.77%
Others826
3.12%
Democratic Vote Totals
Clinton10,72133.20%
Sanders21,44066.40%
Others129
0.40%
Sources: SAGE Stats; Champaign County Clerk; Sperling’s Best Places: 2014
14
17,680
in 20127,642in 2012
18
*WHAT THIS MEANS: Transportation and infrastructure are vital to a robust economy. Locally, our transportation system has seen exponential growth, with mass transit ridership increasing every year the past five years and our commute time being well below the national average. In fact, according to Obrella.com, the City of Champaign is the 7th best commuter city in Illinois and Urbana is the 8th best commuter city in Illinois.
Sources: Willard Airport, CUMTD, bestplaces.net
15
COMMUTE TIMENational Average: 25 minutes
MIN SEC
TIME
MASS TRANSIT - 5.84%
CAR POOL - 8.38%
BIKE - 2.69%
WALK - 12.09%WORK AT
HOME - 4.87%
AUTO (ALONE) - 65.62%
COMMUTE MODE
C-U MTD RIDERSHIP
FY10
RID
ES P
ER F
ISC
AL Y
EAR
10,134,194
10,54912011,107,631
12,028,17213,309,332
13,551,784
FY11 FY12 FY13 FY14 FY15
6,813
5,2352008
2010
2012
20154,664
4,614
ANNUAL FLIGHTS out of Champaign-Urbana Willard Airport
12,764,157
FY16
Transportation
15 : 29
Sources: US Census of Agriculture; Illinois Society of Professional Farm Managers & Rural Appraisers
*WHAT THIS MEANS: Agriculture is a thriving industry in Champaign County with land values on a steady incline while farm sizes are growing and yields are increasing. In fact, according to the USDA, corn and soybean yields in Illinois are the highest ever on record.
16
AVG. FARM SIZE
2002: 449 2007: 3962012: 470
in acres
ES
T. MARKET VALUE2002: 130,928
2007: 224,2352012: 323,295
in dollars
of agricultural products
so
ld4000
6000
8000
10000
12000
2014 2015
Excellent
Good
Average
Fair
LAND VALUES SUMMARY BY CLASS
FarmlandClassification
Total Value per Acre
Change from prior yr.
Avg. Rent Cost per Acre
Change from prior yr.
Excellent $9,500 - $13,000 5-10% $340 10%
Good $7,000 - $10,000 10-20% $300 10%
Average $5,600 - $8,200 10-15% $250 10%
Agribusiness
2010 2011 2012 2013 2014 2015$4,000
$6,000
$8,000
$10,000
$12,000
TOTAL FARMS
2002: 1,2852007: 1,3892012: 1,312
ES
T. MARKET VALUE
2002: 132,373 2007: 176,4442012: 376,927
in dollars
of m
achinery and equipm
en
t
Sources: US Census of Agriculture; Illinois Society of Professional Farm Managers & Rural Appraisers
17
TOTAL STARTUP ESTABLISHMENTS:
-536
3343
-4312
1323
3142
2009 2010 2011 2012 2013
-4,000
-2,000
0
2,000
10773593
770 812 865
20112010 2012 20132009
WHAT IS ECONOMIC GARDENING?
• Helps existing companies in the community grow larger
• Offers those companies critical strategic information that is customized to their needs
• It is about leveraging research using sophisticated business intelligence tools and databases that growth companies either aren’t aware of or cannot afford
WHY IS IT IMPORTANT?
Between 1995 and 2012, second-stage companies represented only
11.6 percent of U.S. establishments, but
generated nearly
34.5 percent
of jobs and about
34.5 percentof sales
according toYourEconomy.org.
BOTTOM LINESupporting these growth entrepreneurs means positive payoffs when it comes to economic growth and prosperity. Economic
Gardening also provides a key balance between company attraction and small business support, and growing from within
and supporting existing second-stage businesses.
STARTUPS JOB GROWTH:
20112010 2012 20132009
NEW STARTUPS TO JOBS CREATED:
2.53 2.291.69 3.80 7.66
Sources: Edward Lowe Foundation, YourEconomy.org
in Champaign County
in Champaign County
Net: 53 new
Net: 1819 new
-536
3343
-4312
1323
3142
2009 2010 2011 2012 2013
-4,000
-2,000
0
2,000
20112010 2012 20132009
3000
0
-4000
-536
3343
1323
3142
-4312
Economic Gardening
Other RecognitionsLumosity ranked Champaign-Urbana the smartest metropolitan area in Illinois and thirteenth in the country Reboot Illinois
Forbes listed the U of I Research Park in the the top 12 incubators changing the world Forbes.com
According to the Illinois Department of Commerce’s Office of Tourism travelers spent $37 billion in Illinois in 2015. WANDTV.com
Parkland College ranked 6th among top community colleges in Illinois for student success rate. Reboot Illinois
#11Urbana
School District ranked
most diverse in Illinois
#40Champaign-Urbana
nationally ranked
Best Small Place For Business
#8Champaign County
ranked
For Clinical Care
Sources: Computer Science Degree Hub; Forbes; CountyHealthRankings.org; University of Illinois; American Institute for Economic Research; City of Urbana; Reboot Illinois; Buzzfeed.com; k12.niche.com
2ndUniversity of Illinois
ranked
best UndergraduateEngineering
Science & Physics degree
#26Champaign County
Ranked
Overall Health Index (Illinois)
#6Champaign-UrbanaNationally Ranked
Best College TownPop. Under 250,000
Recognitions
busey.com 217.365.4500 Member FDIC
4,500
customer surveys distributed to gather your feedback and make
meaningful improvements
17,000 social media followers and growing
13,000
volunteer hours and $1 million+ donated annually to the communities where
we live and work
over
230
associates participated in our new Increasing Volunteerism Initiative,
encouraging associates to give back to the places they care about
over
honored to be among the 2016 Best Places to Work in Illinois and the 2016 Best
Banks to Work For by American Banker magazine and Best Companies Group
9.56
average associate tenure–nearly double the industry average
years
OUR STREGTH IS IN OUR NUMBERS
6,000
SERVICE PLUS™ hours of service training through more than 200
certified Busey coaches