John GreulingPresident & CEOWill County Center for Economic Development
Welcome
Welcome
CED Investors
Elected Officials
CED Board Members
Guests
“Frank Turk, Jr. Business & Community Achievement Award”
Presentation
Tom OsterbergerPartner,
Kavanagh, Grumley & Gorbold, LLC
2017 & 2018 CED Chairman of the Board
“Frank Turk, Jr. Business & Community Achievement Award”
Given in honor of Frank Turk, Jr.(1929 – 2013)
Presented December 1, 2017 to…
The 2017 Frank Turk, Jr. Business & Community Achievement Award Recipient
Jim RoolfPresident,
Joliet Banking CenterFirst Midwest Bancorp, Inc.
“For His Personal Commitment and Generosity to the
Economic and Community Development of Will County, IL
Improving the Quality of Life for All of Its Residents”
2017 Annual Report
CED Mission Statement
To improve the quality of life for all residents inWill County by recruiting new companies offeringhigh quality jobs and solid tax base while assisting
existing businesses to retain and add jobs.
CED Programs Business Retention / Recruitment
Business Marketing and Outreach
Economic Development Conferences, Summits, Community Training Seminars
Government Affairs: Local, State and Federal Lobbying
Will County Tax Abatement Program
CED Services Site and building information
Labor force statistics and demographic reports
Education and training resources
Utility and infrastructure information
Business taxes and fees (analysis, comparisons, etc.)
Federal, State and local incentive programs
Development entitlement process
Customized research
CED Guidance
Business prospect management and coordination with public and private stakeholders
Federal / State and local government contacts and introductions
Commercial / industrial broker and developer contacts / introductions
CED 2017 Events Global Logistics Summit – April 25th – Bolingbrook Golf Club
Will County Economic Report – Focus: Industrial Real Estate –Lewis University
Eye-Opener Breakfast – June 22nd – Tuscany Falls
Economic Development Training for Local Elected and Appointed Officials – July 27th – Joliet Junior College
CED 2017 Annual Report To Investors – December 1st – Clarion Hotel
CED 2017 Investor Activities CED Board of Directors & Executive Committee
Will County Freight Advisory Council (WFAC)
CED Economic Development Council (EDC)
CED Government Affairs Council
InFocus Newsletter
CED 2017 Activities: Partnerships CED is a member of the State Freight Advisory Council
CED is a member of the Chicago Regional Growth Corporation (CRGC) a new, non-profit regional economic development corporation.
CED is a board member of the Coalition for America‘s Gateway and Trade Corridors (CAGTC).
CED is a member of the Illinois for Transportation Coalition(TFIC)
Will County – 2017 By the Numbers
CED Assisted Over Ninety Development Projects in 2017
County-Wide: 40+ Business Locations and Expansions
6,200 New Jobs
Over 21 Million Square Feet of Building Space Occupied
$900 Million+ Invested in New & Existing Facilities
Will County – 2017 By the Numbers
New Business Location/Expansion Projects
Will County – 2017 By the Numbers
Will County | Top Transaction Activity 2017Company Community Sq. Ft.
General Mills Wilmington 1,507,505
Ikea Joliet 1,250,481
Supervalu Joliet 930,000
Amazon Monee 856,065
Kimberly Clark Corporation Romeoville 716,318
Clearwater Paper Elwood 624,370
Best Buy Bolingbrook 615,160
Communication Test Design, Inc. (CTDI) Joliet 501,313
OHL Joliet 476,988
Kellogg's Joliet 459,469
Amazon Crest Hill 438,150
Samsung Bolingbrook 352,338
LeSaint Logistics Romeoville 339,459
Geodis Romeoville 280,962
UPS Lockport 273,000
New Business Location/Expansion Projects
Will County – 2017 By the Numbers
New Business Location/Expansion Projects
Will County – 2017 By the Numbers
2017 New Business Location/Expansion Projects
Will County – 2017 By the Numbers
Will County – 2017 By the Numbers
Speculative Industrial Development
Over 11.5 Million Square Feet of New Speculative Industrial Space Constructed in 2017
$460 Million+ of New Investment
Will County – 2017 By the Numbers
Will County | Top Spec Activity 2017Developer Community Sq. Ft.
Opus Group Joliet 1,220,140
CenterPoint Joliet 1,052,250
Core 5 Logistics Center Joliet 1,026,000
Venture One Channahon 1,010,000
Hillwood Joliet 992,640
Elion Partners Wilmington 810,900
CenterPoint Joliet 751,769
IDI Gazeley Channahon 749,554
Panattoni Romeoville 676,026
ML Realty Lockport 371,994
Additional Development Projects
Will County – 2017 By the Numbers
Additional Development Projects
Channahon Corporate Center – Channahon
Crossroads 55 – Channahon
Rock Run Crossings – Joliet
Rock Creek Logistics Center
West Side Medical TIF - Joliet
Crete CSX Intermodal Center – Crete
Will County – 2017 By the NumbersAdditional Development Projects
Lewis Airport Control Tower
Innovation Pavilion- Joliet
Compass Business Park – Elwood
Illiana Expressway
South Suburban Airport
Will County – 2017 By the Numbers
Mars Candy Facility - Joliet
Will County – 2017 By the Numbers
Amazon Fulfillment Center –Monee
Will County – 2017 By the Numbers
IKEA Facility – Joliet
Jobs
Will County – By the NumbersPrivate Job Creation 2001 – 2016
Will County – By the NumbersPrivate Job Creation 2001 – 2016
Will County – By the NumbersPost-Recession Manufacturing Jobs
The Importance of Freight in Will County
• 106,000 Jobs - $5.0 Billion in Earnings• $28.8 Billion in Economic Output• 55% of Our Economy – 37.6% of Tax Revenue
What do freight flows in Will County Look Like?
Key Freight Plan Findings
Key Findings
37
1. Freight is Critical to the Economic Success of Will County.
2. Will County Freight Movement is Critical to the State and the Nation.
3. Traditional Planning Approaches Cannot Handle the Pace of Freight Development Experienced in Will County.
4. Freight Volume Growth May Affect Safety and Worsen Existing Bottlenecks and Operational Issues.
1. Freight is Critical to the Economic Success of Will County.
2. Will County Freight Movement is Critical to the State and
National Economies.
3. Traditional Planning Approaches Cannot Handle the Pace of
Freight Development Experienced in Will County.
4. Freight Volume Growth May Affect Safety and Worsen Existing
Bottlenecks and Operational Issues.
Key Findings
38
5. Continued Growth Without Planning and New Transportation Investments may Impact Will County’s Economic Competitiveness and Quality of Life.
6. Funding and Institutional Issues Make it Difficult to Invest in Freight Projects.
7. Will County Needs Regional, State, and National Funding Support.
5. Continued Growth Without Planning and New
Transportation Investments may Impact Will County’s
Economic Competitiveness and Quality of Life.
6. Funding and Institutional Issues Make it Difficult to Invest
in Freight Projects.
7. Will County Needs Regional, State, and National Funding
Support.
Will County Freight Clusters
Truck Crash Hot Spots
Bridge Condition
Key Freight Plan Findings
Freight Mobility Plan Recommendations
43
Implement Investment Priorities identified in the Plan.
Improve coordination of overweight/oversize permitting between Jurisdictions.
Expand East-West highway connectivity to reduce traffic on local roads.
Increase air cargo capacity by continuing to support the South Suburban Airport
Freight Mobility Plan Recommendations
44
Develop freight workforce initiatives through partnerships with employers.
Increase workforce mobility to job centers using transit hubs and increased bus service.
Development and communicate a transparent freight network using designate truck routes.
Coordinate transportation and land use planning throughout the County.
Freight Mobility Plan: Priority Projects for Federal Funding
45
I-80: Add lanes, and reconstruction of bridges and interchanges from Ridge Road to US 30.
I-55 and I-80: Interchange reconstruction
I-55: Add Lanes and reconstruction of bridges and interchanges from I-80 to Route 129.
I-55 and Weber Road: Interchange reconstruction
www.WillCountyFreight.org
Looking ahead to 2018
Increase CED Investor Support and Engagement
Begin Implementation of the Will County Community Friendly Freight Mobility Plan
Expand Workforce Development Initiatives
Industry Sector Marketing/Recruitment: Manufacturing, Energy, Food, Health Care
Increase Watchdog Role on Regional Planning Activities and Federal Infrastructure Funding Impacting Will County Development
Special Guest
Mark PetersonPresident & CEO,
Intersect Illinois
Annual Global Logistics Summit – April 24, 2018
Eye Opener – June 2018
Economic Report – September 2018
Annual Report to Investors – December 7, 2018
Upcoming 2018 Events
Thank you for attending!
We’re glad you could join us.
Today’s presentations will be on the
CED website later today.
www.WillCountyCED.com