Choose DuPage Economic Indicators Report

DuPage County: Open for Business and Continuing to Thrive

2017 Economic Indicators Showcase DuPage as Premier Business Location in Chicagoland Region

The findings from Choose DuPage’s 2017 Annual Economic Indicators Report confirms DuPage County’s economy is stronger than ever. Data suggests DuPage County offers a business-friendly environment for a variety of industry sectors including healthcare and manufacturing. While the state and surrounding communities continue to navigate struggles with high taxes, pension challenges and a hostile business climate, the findings in Choose DuPage’s report reinforce DuPage County’s attractiveness for business development as well as quality of life.

2017 Economic Indicators Report Highlights:

  • Closing out the year, DuPage County had the lowest unemployment rate in the Chicagoland six-county region at 3.8%, lower than both the State of Illinois (4.7%) and United States (3.9%).
  • DuPage County’s top job opportunities were reported to be in the computer and mathematical fields, office and administrative support, management, healthcare, sales, business and financial operations.  
  • Office vacancy rates dropped from 17.2% at the end of 2016 to 15.8% at the end of 2017; Industrial vacancy rates dropped from 5.3% this time last year, to 5.1%. DuPage County continues to have one of the lowest industrial vacancy rates in the region.

“In addition to Amita Health relocating its headquarters – 1,100 jobs – to Lisle, DuPage County had a number of other big projects develop in 2017,” said John Carpenter, president and CEO of Choose DuPage. “Low taxes, strong labor demographics, as well as a highly educated and skilled workforce are just a few of the benefits DuPage is successfully leveraging to attract business development for the region. DuPage County continues to be a driving economic force in the Chicagoland area as there are a number of opportunities on the horizon and we anticipate further growth for the region in 2018.” 

DuPage County saw a number of large real estate transactions over the past year spurring job creation including AMITA Health’s relocation of its headquarters to Lisle in the fall of 2017. CAMCRAFT and Get Fresh Produce brought just under 500 new jobs to the Bartlett area, while Oak Brook gained more than 325 jobs via transactions by CBRE, Rush University Medical Center and others.

Details surrounding the top twenty real estate transactions of 2017, as well as an industry sector breakdown, are included in the Choose DuPage 2017 Annual Economic Indicators Report and can be viewed in its entirety by clicking here.

State of the County

Chairman Cronin’s Address to DuPage Business Leaders 

Hosted by Chamber630 in conjunction with Choose DuPage and other area Chambers, the annual State of DuPage County luncheon took place on January 10th. At the event, Chairman Cronin addressed an audience of over 200 DuPage business leaders on the County’s efforts to reduce taxes, provide an attractive business climate, and create efficiencies in government, as well as the opportunities 2018 will bring.

Chairman Cronin’s State of the County Address

“I welcome this opportunity because we consider our relationship with the business community central to our success here in DuPage County.      

As a small business owner and employer, I know what it takes to bring in business, make payroll and turn on the lights each morning. So together, we understand and embrace the importance of a solid economic development plan to bring business here, retain existing companies and plan for a robust future in which young professionals and business owners are nurtured, fostering their success and growth.

As we take stock at the beginning of this year, let’s “run the numbers” and evaluate how we’re doing. Data tells an important part of our story.

My first bit of news is remarkable, but it will sound very familiar. This year, the County portion of your property tax did not go up. This is the tenth year in a row our portion of the property tax rate has remained flat at $66.9 million dollars. While other counties have tried taxing everything, including a can of pop, our property tax levy remains flat. What makes this remarkable is that when the General Assembly passed the budget this summer, they kept $3.5 million of the funds traditionally returned to DuPage County. Therefore, we asked our departments and countywide elected officials to tighten their belts to meet the new revenue expectations while maintaining service levels our customers, you the taxpayers, have come to expect.

I alluded to the “soda tax” that was so controversial in Cook County. Bear in mind that we’ve kept our property tax rate flat while REDUCING our sales tax a quarter cent. In 2016, the quarter cent portion of the tax that supported the DuPage Water Commission sunset. So, when it comes to growing business here, we want to honestly say we are doing everything we can to create as “low-tax” an environment as we can, within the borders of Illinois.

And that strategy pays off. John Carpenter of Choose DuPage, DuPage County’s economic development organization, reports a wave of new businesses chose to locate here.

Rexnord Corporation re-committed to Downers Grove after a national search for their aerospace headquarters. The company will redevelop its existing site and build an additional 248,000 square-foot facility expected to be completed by 2019.

We have been notified a Hungarian aviation company and Portuguese software company will move their U.S. operations to DuPage County. The County’s international reach is expanding, with more than 800 foreign-owned companies operating in DuPage, representing more than 40 different countries.

And just last month, the American Academy of Pediatrics moved into their new, five-story, 183,000 square-foot office building in Itasca, bringing 455 new jobs to DuPage. Based on the number of added jobs, healthcare is both the largest and fastest-growing industry in DuPage County.

We are thrilled with this progress, but we’re not satisfied to rest on our laurels. We have some exciting new initiatives and plans I’m eager to share.

Late last year, we joined with the College of DuPage and the Village of Glen Ellyn to build on the success our Rev3 Innovation Center. Our new initiative, Innovation DuPage, is a cooperative venture promoting business growth and job creation. Together with our partners, we will guide entrepreneurs, small businesses and new companies on the path to success. 

When you head to the polls in March, you’ll see a question on the ballot related to our next big initiative this year. We are asking voters, in an advisory referendum, whether they are in favor of consolidating our DuPage Election Commission and our County Clerk’s office to improve efficiency and save taxpayer dollars. As you may recall, last spring we made an initial foray passing a bill in the Senate, which later became bogged down in the House during the last hours of the session. This year, with what we hope will be overwhelming voter support, we will pursue new legislation that simply folds election and voter services right into the administrative duties of the County Clerk’s office. This is the model used by most counties in the state of Illinois. Since I took office in 2010, a series of reforms in the Election Commission alone have netted our residents more than $3 million in savings. Our consolidation proposal, we expect, will save us even more money, but more importantly, the goal is to offer one-stop shopping at the DuPage County Clerk’s Office and improve customer service for all residents.

This summer, we will complete the renovation of the former DuPage Juvenile Detention Facility and cut a ribbon on the new consolidated DU-COMM Emergency Dispatch Center. This state-of-the-art public safety center will house the consolidated DU-COMM dispatch center, the County’s Emergency Telephone System Board and our Office of Homeland Security and Emergency Management. Bringing DU-COMM on campus with other County safety experts provides dispatchers optimal space, allows our emergency management services to, again, share resources and provides the County rental revenue for space that was previously vacated. 

That’s our approach…collaboration at the local, regional and statewide level. Our Accountability Consolidation and Transparency Initiative is changing the culture and conversation in DuPage government, and is influencing the thinking in our region and state. Last spring, Senate Bill 3 was part of the so-called “grand bargain” that became the basis for the budget compromise. It extended our DuPage model for local government consolidation to all 101 other counties throughout the state.

We think, at more than 7,000 plus units, there’s too much government in the state of Illinois. Our goal has been to reduce footprint of local government, squeezing out value and fostering excellence in customer service for our taxpayers. 

I’ve outlined a couple of big ideas and new rocks we plan to move to create an inviting atmosphere for business growth. Our economy is strong with an unemployment rate of 3.9% – the lowest in our region. Even though the General Assembly passed a budget that kept $3.5 million of our DuPage taxpayer dollars, we balanced our county budget and did not raise your taxes, and in fact, we reduced the burden when we could. 

If I were an analyst on CNBC I’d tell you I’m “bullish” …or very optimistic about the year ahead. 2018 will bring new opportunities and the ability to explore further partnerships that will move our County even further ahead. I’m grateful to have the support of business leaders like you. I always appreciate the opportunity to talk with you and I welcome your questions and thoughts.”

Chairman Dan Cronin
DuPage County Board

A-To-Be

Portuguese Company Relocating U.S. Headquarters to DuPage County

Last month, executives from Portuguese mobility services company A-to-Be met with leaders from the County and toured Elite Manufacturing in Bloomingdale. The company is preparing for the relocation of its U.S. operations from Colorado to DuPage County following its recent award to supply the Illinois Tollway with 270 Automatic Toll Payment Machines (ATPMs).

A-to-Be was recently selected to supply the Illinois Tollway with the ATPM machines which will improve service to tollway users, including the underbanked, while saving the Illinois Tollway significant operational costs. The ATPM machines will be built through a partnership with Elite Manufacturing, an advanced machine design and fabrication company in Bloomingdale.

A-to-Be has been active in Portugal for 30 years and operating in the U.S. for the last three years from its U.S. headquarters in Colorado. Its U.S. headquarters relocated to Downers Grove, a short distance from the Tollway on November 1, 2017.

Choose DuPage Economic Indicators Report

Choose DuPage Third Quarter Economic Indicators Report Shows Strong Climate to Help Regional Bid for Amazon’s Second Headquarters

DuPage County continues to boast low unemployment; lowest industrial vacancy rates in the region

Choose DuPage has released its 2017 Third Quarter Economic Indicators Report showing continued growth in DuPage County’s industrial market. Job creators and entrepreneurs are choosing DuPage County to build and expand their operations, while unemployment rates consistently remain lower than both state and federal levels. Data suggests DuPage County offers a business-friendly environment for a variety of industry sectors.

2017 Third Quarter Economic Indicator Report Highlights:

  • DuPage County has sustained one of the lowest unemployment rates in the Chicagoland six-county region at 4.4 percent, lower than both Illinois (5.2 percent) and United States (4.5 percent).
  • Industrial vacancy rates dropped another .2 percent from last quarter to 5.2 percent; DuPage County continues to have the lowest industrial vacancy rate in the region.
  • DuPage County‘s current top job opportunities include positions in computers and mathematics, management, office and administrative support, sales, healthcare practitioners, business and finance, and transportation.

In addition to continued industry growth and steady absorption of both office and industrial vacancies, DuPage County is poised for the opportunity to welcome Amazon’s HQ2 to the region. Choose DuPage is working closely with the Illinois Department of Commerce & Economic Opportunity (DCEO) and Intersect Illinois as part of the regional effort to bring Amazon’s second headquarters to Illinois.

“The potential West Chicago site includes the DuPage Business Center near DuPage Airport, which would offer a unique opportunity for a variety of reasons – as well as the McDonald’s campus in Oak Brook, which encompasses 100 acres, provides tollway access, and meets many of the other requirements outlined by Amazon,” said John Carpenter, president and CEO of the Choose DuPage Economic Development Alliance.  “As I’ve said before, our low industrial vacancy rate has created an incredible opportunity for developers in the region – this is a prime opportunity, no pun intended, for DuPage County.”

Low taxes and operating costs, strong labor demographics, an educated and skilled workforce, proximity to hotels and dining, as well as shopping, golf and recreational activities are just a few of the benefits DuPage County hopes will attract continued business development for the region. 

Rexnord Corporation to Build New Aerospace Facility in Downers Grove

Rexnord Corporation Downers Grove

The Downers Grove Economic Development Corporation announced today that Rexnord Corporation will build a new manufacturing facility and Aerospace Headquarters in Downers Grove. Rexnord plans to redevelop its existing site at 2400 Curtiss in the Ellsworth Business Park. Downers Grove was selected for the project following a national search. Rexnord, a 125-year old company, is a multiplatform industrial leader that serves a diverse array of global markets. 

 

“We are investing in a new facility on our existing site to support the growing needs of our customers,” said Jamie Quilter, Rexnord Vice President & General Manager – Aerospace. “The new facility will provide upgraded technology and additional capacity – as well as provide our customers with an exciting experience and our associates with a unique collaborative and innovative environment. 

 

Rexnord plans to build a 248,000 sq. ft. facility for its manufacturing operations and Aerospace Headquarters. The project is expected to be completed by 2019. 

 

“I am extremely excited that Rexnord is expanding their presence in the Village and making this significant investment in our community,” said Mayor Mart Tully. “The development of their new state of the art manufacturing facility and Aerospace Headquarters is a big win for Downers Grove.”

 

The DGEDC worked closely with officials from Rexnord, as well as the consulting firm that was retained for this project: Cushman & Wakefield. In addition, the Village of Downers Grove, Community High School District 99, and Downers Grove Grade School District 58, were instrumental in the attraction of this project.

Amita Health to move headquarters, 1,100 jobs to Lisle

Written by: Alby Gullan | Published by: Crain’s Chicago Business

 

As Amita Health expands its reach under a big new merger, the health system plans to move its headquarters from Arlington Heights to Lisle.

 

Amita has reached a tentative agreement to lease 225,000 square feet in the Navistar campus in west suburban Lisle, where it would move about 1,100 employees from seven suburban locations, including Arlington Heights. If Amita finalizes a deal with the truck maker, it would be the biggest office lease in the Chicago suburbs in more than a year.

 

As it plots its headquarters move, Amita is poised for some other big changes due to another deal announced this week. Amita, a two-year-old joint venture between Ascension and Adventist Midwest Health, could more than double in size as result of Ascension’s planned acquisitionof Presence Health.

 

Amita’s move would represent a major triumph for Lisle, bringing more office workers to its restaurants and more business to its hotels.

 

“It’s going to bring a lot of people working in the community that are going to spend money in the community, so to me, it seems like a big win for the village,” Lisle trustee Anthony Carballo said during a discussion of the deal at an Aug. 21 village board meeting, according to a recorded video.

 

Navistar has shrunk so much that its corporate offices at Interstate 88 and Naperville Road are awash in space. The company employs about 1,800 people there now, down from 3,200 when it moved there in 2011.

 

In late 2015, Navistar hired Jones Lang LaSalle to find one or more tenants to lease half the space in the 1.2-million-square-foot campus. So far, JLL has found one: National Express, a transportation firm that signed a 54,000-square-foot lease in a building at 2601 Navistar Drive earlier this year.

 

A Navistar executive and JLL broker outlined the Amita deal in the Aug. 21 meeting because Navistar is seeking the village’s permission to expand a surface parking lot on its campus. Amita wants 5 parking spaces per every 1,000 square feet; Navistar currently can provide only 4.25, so it needs to add 176 spaces to accommodate Amita.

 

Navistar would add the spots by making them narrower and removing some landscaping. The company was asking the village for a quick response, because Amita wants some assurance that the city will sign off on the change by the end of the month, when it faces a key lease deadline on another property, JLL Managing Director John Musgjerd told the trustees.

 

Some trustees questioned Navistar’s request to fast-track the parking change, saying they were caught off-guard by it. But in the end, the board voted to direct village staff to draft a measure that would allow for expanded parking, to be taken up by the board at its Sept 11 meeting. That was enough to satisfy Musgjerd and presumably keep the deal alive.

 

Reached by phone, Musgjerd declined to comment, as did an Amita spokesman. A Navistar spokeswoman did not respond to a request for comment.

 

Under a 10-year-lease with Navistar, Amita would move office employees to Lisle from Arlington Heights, Bolingbrook, Hoffman Estates, Elk Grove Village and other suburban locations. It would start moving there next March, ultimately occupying three buildings on the north end of the Navistar property, Musgjerd told the Lisle trustees.

 

“The only reason for this office is lease is their desire to get all their people under one roof,” Musgjerd said.

 

It’s unclear if the headquarters lease has anything to do with the pending Presence merger. Amita operates six acute-care hospitals and three specialty hospitals in the Chicago. The deal with Chicago-based Presence would bring 10 more hospitals under the Amita umbrella.

 

The deal with Navistar, meanwhile, is good news for landlords in the west suburban office market. Though the second-quarter vacancy rate for the far western suburbs, 19.8 percent, was below the overall suburban rate of 20.6 percent, according to JLL, the market has several big blocks of empty space.

 

Big vacancies include the entire former OfficeMax headquarters, a 354,000-square-foot building along I-88 in Naperville; ConAgra’s former offices, an 189,000-square-foot building in Naperville, and an empty 206,000-square-foot building just east of Navistar’s headquarters.

 

2016 Annual Report

We DEFINE our success by how we DESIGN our success.

 

And DuPage County is designed for prosperity.

 

2016 was a prosperous year, full of new projects, successful events, and a renewed commitment to innovation. We retained long-held partnerships with familiar companies, fostered relationships with new businesses, and continued to make great strides in the 4-Point Plan for DuPage’s Prosperity:

 

4-Point Plan

  • Commercialize ideas at Argonne National Laboratory
  • Solve the last mile commute problem
  • Develop the DuPage Business Center
  • Make continual progress towards meaningful Western Access to O’Hare Airport

 

The 2016 Annual Report is a blueprint of the DuPage Advantage’s architecture. It reminds us that everything we do is deliberately designed for the people, the place, and the Prosperity of DuPage County.

 

CLICK HERE TO VIEW THE 2016 ANNUAL REPORT

Mid-Year Review Shows Continued Strong Economic Indicators for DuPage County

DuPage County continues to boast lowest unemployment and lowest industrial vacancy rates in the region

 

Choose DuPage has released its 2017 Second Quarter Economic Indicators Report, showing continued success for business and industry in DuPage County during the first half of 2017. Maintaining the lowest unemployment rates in the region at just 3.3 percent, DuPage County’s skilled and educated workforce continue to present opportunities for job creators and entrepreneurs seeking to build, expand operations in the county.  Data suggests DuPage County offers a business-friendly environment for a variety of industry sectors while the state and surrounding communities continue to navigate struggles with high taxes, pension challenges and a hostile business climate. 

 

2017 Mid-Year Highlights:

 

  • DuPage County continues to maintain the lowest unemployment rate in the Chicagoland six-county region at 3.3 percent, lower than both Illinois (4.3 percent) and United States (4.1percent).
  • DuPage County‘s current top job opportunities include positions in computers and mathematics, management, office and administrative support, sales, healthcare practitioners, business and finance, and transportation.
  • Industrial vacancy rates remain steady at 5.4%; DuPage County continues to have the lowest industrial vacancy rate in the region.
  • Sales tax receipts increased by 1.3% compared to the same time last year growing from $314M to $318M indicating consumer spending habits remain strong in DuPage County.

 

“DuPage office vacancy rates have held steady around 16-17 percent in 2017, with industrial vacancy rates running around 5.4 percent – the lowest industrial vacancy rate in the region,” said John Carpenter, president and CEO of Choose DuPage. “Our low taxes and operating costs, strong labor demographics, proximity to hotels and dining, as well as shopping, golf and recreational activities are just a few of the benefits our community provides to businesses considering opportunities in DuPage.”

 

In addition to domestic company growth and expansions in DuPage, working closely with the Illinois Department of Commerce & Economic Opportunity (DCEO) and Intersect Illinois, DuPage County has also expanded its global footprint with international businesses seeking to relocate, or expand operations, in the United States. Currently, roughly 800 foreign-based firms representing 40 countries are located in DuPage County providing workforce opportunities throughout the region.

 

DuPage County has consistently maintained the lowest unemployment rate in the Chicagoland region and boasts an AAA bond rating due to its strong economy, fiscal management and healthy budgetary performance. For all these reasons and more, DuPage continues to maintain a solid, thriving economy.

 

The Choose DuPage 2017 Second Quarter Economic Indicators Report can be viewed in its entirety by clicking here.

 

2017 First Quarter Economic Indicators Show Low Unemployment, Vacancy Rates

Choose DuPage has released its 2017 First Quarter Economic Indicators Report this week, once again confirming DuPage County maintains a thriving business climate. Due to its low unemployment, skilled and educated workforce, high quality of life and growing business and industry sectors, DuPage County presents opportunities for job creators and entrepreneurs during a time when the state struggles with high taxes, pension challenges and a hostile business climate. 

 

2017 First Quarter Economic Indicators Report Highlights:

 

  • DuPage County maintains the lowest unemployment rate in the Chicagoland six-county region at 4.1%, lower than both the State of Illinois (5.5%) and United States (4.9%).
  • DuPage County‘s current top job opportunities include positions in computers and mathematics, management, office and administrative support, sales, business and finance, healthcare practitioners and transportation.
  • Industrial vacancy rates are at 5.4%; DuPage County continues to have the lowest industrial vacancy rate in the region.
  • Sales tax receipts increased by 2.47% over last quarter indicating consumer spending habits have increased in DuPage County

 

DuPage office vacancy rates have continually declined and are holding steady around 16-17 percent, with industrial vacancy rates running around 5.4 percent.  While space is being acquired by new businesses moving into the area as well as the expansion of existing DuPage businesses, DuPage County continues to have the lowest industrial vacancy rate in the region; this creates a great opportunity for developers.

 

“Local commerce and industry continue to flourish, while unemployment remains at its lowest in the Chicagoland region,” said John Carpenter, president and CEO of Choose DuPage. “Remember, DuPage County dropped its sales tax by a quarter percent last June, putting $36 million back into taxpayer pockets – consumers are putting that money back into local commerce.  DuPage County is ripe for increased business and industry expansion.”

 

DuPage County has consistently maintained the lowest unemployment rate in the Chicagoland region and boasts an AAA bond rating due to its strong economy, fiscal management and healthy budgetary performance. Low taxes and operating costs, strong labor demographics, close proximity to hotels, dining, shopping, golf and recreation are just a few of the benefits our community provides to business and industries considering relocation or expansion of operations. For all these reasons and more, DuPage continues to maintain a solid, thriving economy.

 

CLICK HERE TO DOWNLOAD THE FULL REPORT

Choose DuPage Panel Discusses Workforce Issues Facing Manufacturers

Contributed and originally published by: Pioneer Service Inc. | View Original Article

A number of organizations joined forces to discuss the growing challenge of fueling the manufacturing labor force and making more people aware of the career opportunities uniquely available in this thriving part of our economy. Experts representing manufacturers, educational institutions, non-profit governmental organizations and even a representative from the U.S. Department of Labor joined the discussion and made valuable connections at the DuPage Metals and Machinery Manufacturing event sponsored by the Choose DuPage Economic Development Alliance and the Chicago Metro Metals Consortium. 

 

In the opening remarks, Dan Allen the Chairman of Choose DuPage Workforce Committee reminded us of the huge shortage of workers expected in the next 10 years. Millions of jobs in the manufacturing segment could go unfilled unless something is done to nurture the next generation of employees. DuPage and the surrounding Chicagoland area has a benefit of being one of 24 regions in the United States designated for manufacturers, so it qualifies for preferential treatment in the disbursement of grants and other incentives. Manufacturers, associations and educational organizations need to come together to take advantage of these opportunities and fill the gap.

 

In this panel discussion, Pioneer Service President, Aneesa Muthana was asked about the challenges and solutions facing manufacturers. Ms. Muthana kicked off the conversation with her story of re-training her entire workforce when she had to change her business model due to overseas competition. Because skilled talent was nearly impossible to find in her new market, she relied heavily on the manufacturers of the CNC equipment for training. It took out-of-the-box thinking and strong employee loyalty to weather the change from making relatively simple parts on older screw machines, to making highly complex medical and automotive parts on new advanced Swiss CNC lathes.

 

Aaron Wiegel, President of Wiegel Tool Works agreed that finding skilled labor was so difficult that his company now focused most of their efforts on educating youth about manufacturing careers and funneling them into apprenticeships. Mr. Wiegel emphasized the importance of manufacturers coming together with associations such as the TMA to promote manufacturing careers on the whole, rather than poaching employees from one another, which drives up costs for everyone. “We have to have a pipeline of applicants. This means we need to do things like sponsor high school competitions, involve parents and provide summer jobs.” Ms. Muthana discussed the need to engage students younger, and has plans to have plant tours for middle-schoolers in the near future. Jim Jett, President of Chips Manufacturing, agreed and asked the educational institutions to focus on math skills which are a key component of qualifying entry-level applicants at his company. 

 

John Bradarich, Affiliate Relations Manager of IMEC, who has provided countless resources to manufacturers in the region, including Pioneer Service, said that with the grants and resources available, employers in manufacturing can “hire for attitude, train for aptitude.” 

 

This panel discussion, which was followed by very practical advice in the subsequent panel, was a reminder to all manufacturing executives to take time to work not just in their businesses, but on their businesses, to develop tomorrow’s workforce today.