Board ReportNovember 12, 2015

Olivet Nazarene University – Weber Leadership CenterGuest Speaker: Frank Patton, Great Lakes Basin LLC

Q4 2015 Economic Indicators Report• Population, Labor Force, Unemployment & Income

Economic Alliance Q4 Programming Report• Business Retention & Expansion• Business Attraction• Small Business & Entrepreneurship• Community Development• Workforce Development• Regional Development• Marketing & Promotion

Agenda

Q4 2015 Economic Indicators Report

Population, Labor Force, Unemployment & Income

May 10, 2015

Q4 2015 Economic Indicators Report

Population, Labor Force, Unemployment & Income

Q4 2015 Economic Indicators Report

Population, Labor Force, Unemployment & Income

Q4 2015 Economic Indicators Report

Population, Labor Force, Unemployment & Income

Kankakee County Labor ForceJune 2008 56,082June 2015 55,372

-1.3% growthSeptember 2015 55,830

Illinois Labor ForceJune 2008 6,658,906June 2015 6,491,046

-2.52% growthU.S. Labor Force June 2008 154,313,00June 2015 157,037,00

1.76% growth

Kankakee County UnemploymentJune 2008 8.0%June 2015 6.0%

September 2015 5.9%

Illinois UnemploymentJune 2008 6.3%June 2015 5.9%

U.S. Unemployment June 2008 5.6%June 2015 5.3%

Per Capita Personal IncomeKankakee County

Source: U.S. Federal Reserve

Figures released November 20, 2014, by the U.S. Department of Commerce Bureau of Economic Analysis (BEA) show Kankakee County leading most metropolitan statistical areas nationwide in personal income growth. According to the report, per capita personal income grew 4.7% here from 2012 to 2013, exceeding the U.S. growth rate of 2% and positioning Kankakee County sixth nationally for this indicator.

Kankakee CountyPer Capita Personal Income

2011 $33,9452012 $35,2432013 $36,892

Illinois Per Capita Personal Income

2014 $44,4832015 $47,1842016 $48,165

U.S. Per Capita Personal Income

2011 $44,2082012 $45,3262013 $45,362

Business Retention & Expansion

• Top Employer Luncheon 10/1

• Local taxing district outreach ongoing

• IL DCEO taking important steps forward on development incentives. http://1.usa.gov/1Nre9vy

Business Retention & Expansion

CSL/Alliance to meet with State of Illinois 11/20/15

Business AttractionPrimary Prospects

Project Irish• Relocating coatings manufacturer• 100,000 sq. ft. build in northern part of county• Groundbreaking anticipated 60-90 days

Project Current• Illinois-based energy provider• 50 jobs projected, $500M-$1B capital investment• Site visit September• Options on land, utility permits secured

Project Purple• $5-$10M capital investment• 40+ jobs projected

Business Attraction• Brochure creation• Local and regional

publicity• Connection of

broker team with nationwide site selectors

• Open house TBA

Business Attraction

• Building supplier attraction strategy based on strong growth projections

• Focus on equipment and service providers v. raw material suppliers

• Initial meeting with procurement 12/1

Small Business & Entrepreneurship

Saturday, November 28 First-time countywide collaborative retail promo Dedicated web page for coupon posting http://

www.kankakeecountychamber.com/shop-small Open to all small businesses

Village of Bradley Strategic Planning Implementation Conceptual renderings: Broadway & Rte. 50 commercial corridors Broadway Redevelopment Committee technical support

Downtown Kankakee Historic District Designation Technical support to Kankakee Development Corp., consultant & volunteers 20% federal tax credit available for qualifying development November submission of preliminary application to State of Illinois anticipated

I-57 Interchange @ Bourbonnais Parkway Market Feasibility Study RFP Project funding and contracting underway

Community Development

EASTERN EMPLOYMENT HUBMechanic Street Improvement – Momence

Workforce Development

Opportunity 3000 Campaign CHEE brochure and K3CHEE landing page/website and

Twitter Seamless Learning System for manufacturing careers School-Career cohort program at Kankakee High School New Partnerships

• CSL, Sears, First American Bank, Aqua, Johnsonville, Exelon

• KAHRMA• KARVES and KACC superintendents• Local media

Budget & Fundraising

Regional Development

10/23/15 Summit on Regional Competitiveness, Federal Reserve Bank of Chicago

Marketing & PromotionMedia Placements 25+ media placements

Print and Radio: Bourbonnais Corporate HQ, Opportunity 3000 campaign, MVM IEDC credentials, MVM IEZA president, Small Business Saturday

Events Sears Holdings corporate exec presentation, Opportunity 3000 Lunch & Learn,

K3 Housing Task Force, Global Logistics Summit, ONU Engineering Career Fair

New Materials THRIVE Magazine 2015 Bourbonnais Corporate HQ brochure “Business in Focus” advertorial CHEE materials, including video“Opportunity 3000: Career Success in Kankakee County”

Click image to play video.

Operations: Annual AppealNew Private Investment Raised

$24,750.00