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Q3 2019 EAKC Bod Report

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Q3 2019 EAKC Bod Report Q3 2019 Board Report Olivet Nazarene University, Bourbonnais, IL Thursday, September 12, 2019 Urban Famer Honored with Edie Award • One of two honorees statewide in 2019. • Presented by the Illinois Chamber of Commerce and Illinois Economic Development Association. Sponsored by Nicor Gas. • Urban Farmer recognized for $4M+ expansion in 2018 into the former Merisant facility and subsequent increase in workforce from 50 to 250 employees. • Nomination submitted by the Economic Alliance. Local Tourism Numbers Up • 4.4% increase in local tax revenues, from $3.8 million in 2017 to $4 million in 2018. • $150.6 million in total travel expenditures, an increase of 5.9% versus 2017. • For the period 2008 to 2018, Kankakee County saw a reported 38% increase in local travel expenditures. Kankakee County’s top employer a consistent leader among the best U.S. hospitals. WORKER ADJUSTMENT & RETRAINING NOTIFICATION (WARN) NOTICES/CLOSURES Rapid Response activities are being led by Grundy Livingston Kankakee Workforce Board. XPO Logistics, 1125 Sycamore, Manteno • MARS candy co-packer • 130 full-time employees, 613 contingent workers affected. • October 11 last day of employment. • Option to apply for positions at new MARS facility in Joliet. • Alliance seeking property specs. DHL Supply, 1125 Sycamore, Manteno • 142 employees affected. • Wage replacement = $15/hr. • Employee workshops scheduled for first week in October. HomeStar Bank • 43 affected due to closing administrative office following acquisition by Midland States Bank. • Employee workshops scheduled for 9/25 • Illinois businesses added jobs in all 14 metro areas in July, the first time since May 2000. • Unemployment rates decreased over-the-year in July in 11 of Illinois’ metropolitan areas, decreased in 1, and was unchanged in 2. • The industry sectors recording job growth in the majority of metro areas included Leisure and​ Hospitality (13 of 14), Mining and Construction (10 of 14), Government (9 of 14), Manufacturing (8 of 14), Professional and Business Services (8 of 14) and Education and Health Services (8 of 14). COMMERCIAL/RESIDENTIAL DEVELOPMENT Significant interest from regional mixed-use and multifamily developers. Four site visits to Kankakee County in Q3. DRIVERS: • Industrial growth/primary jobs growth • Kankakee Riverfront Opportunity Zone • Historic Tax Credit eligibility in Kankakee and Momence • New Markets Tax Credit eligibility in most of the metro area Interest from multiple single-family home developers in Q3. DRIVERS: • Industrial growth/primary jobs growth • 500+ shovel-ready sites countywide BOURBONNAIS PARKWAY DEVELOPMENT AREA • Health care sector expansion in pre-development • Installation of wayfinding signage underway. • Submission of 250-acre industrial site at Bourbonnais Parkway for Intersect Illinois’ Project Green. Click image for property details. Click image to access Alliance property portal. Development plan complete 3,000 acres, utilities in place 1,400 acres industrial TIF property 5-year property tax abatement for qualifying new construction One Cigna Drive, Bourbonnais, IL 60914 • Local heath care HQ consolidation confirmed, occupying 25,000 SF, approximately 1/3 of first level. • Ownership now open to divisions as small as 25,000 SF for remaining 125,000 SF. • Lease rate negotiable. • IT Infrastructure: 2,000 CAT 5 ethernet drops, 2,000 kw backup generator and UPS power management module. • Prospective uses include headquarters, back office/call center, data center, disaster recovery, business incubator, prof. services. • CLICK IMAGE for property specifications. Photo credit: The Daily Journal 1600 Boudreau Rd, Manteno, IL 60950 • Former Sears Holdings/Innovel property available for lease. • Divisible to 250,000 square feet. • CLICK IMAGE to visit Colliers property site. • Provided workforce data to Fortune 100 prospect. • Submitted for Intersect Illinois’ Project Handsome. BRADLEY ROUTE 50 COMMERCIAL CORRIDOR • July IDOT permitting and groundbreaking for new signalized Illinois Route 50 main entrance for CSL Behring. • Supports CSL’s 1.8 million SF “CSL South 2030” expansion. • Early 2020 completion of intersection anticipated. • Village of Bradley retention of S.B. Friedman to conduct site development consulting services for Northfield Square Mall. Click image to access Alliance property portal with 30+ Route 50 Corridor properties for sale or lease. KANKAKEE RIVERFRONT OPPORTUNITY ZONE • 293-acre Riverfront TIF District and associated Redevelopment Plan & Program approved by Kankakee City Council in July. • TIF boundaries fall within Riverfront master planned area and largely include QOZ- and NMTC-eligible properties. • Click image to visit Alliance property portal. • Contact [email protected] for TIF Redevelopment Plan & Program. KANKAKEE RIVERFRONT OPPORTUNITY ZONE • Document outlining community vision, current public- and private-sector investments, metro growth rate figures, multifamily demand, incentives, demographics, development priorities and available properties within the Kankakee Riverfront OZ • DRAFT III scheduled for October. • CLICK DOCUMENT COVER to download Click image to access Alliance property portal with 40+ OZ properties for sale or lease. KANKAKEE RIVERFRONT OPPORTUNITY ZONE Riverfront Master Plan Implementation Team News • Hitchcock Design Group authorized to prepare bridge lighting concepts. Funded by the Kankakee River Valley Enterprise Zone (KRVEZ). • Brand strategy, including website development, underway. Partially funded by KRVEZ. • Kankakee Riverfront Society NFP being established to advance private-sector fund-raising. • City continues to acquire properties along the downtown riverfront using a variety of tools and grants. City recently applied for additional grant funding for acquisition. • Riverfront Planning and Design Guidelines in development to support private-sector investment. • Riverfront TIF District and Historic Downtown District property inventories completed. KANKAKEE RIVERFRONT OPPORTUNITY ZONE • Economic Alliance, City officials and Opportunity Zone Task Force members to meet with full-stack, vertically integrated industrial hemp processing developer in September. • Potential $150M investment (phased). • Full-time employment TBD. • Seeking 15-acre greenfield site or 40,000 to 100,000 SF existing single building or adjacent properties on 10 to 20 contiguous acres. • Click image for more information on Illinois’ new Industrial Hemp policies. MOMENCE EASTERN EMPLOYMENT HUB • Kankakee County Enterprise Zone expansion approved by local authorities. Awaiting final approval by IL DCEO. • Expansion prompted by further growth plans of Van Drunen Farms/FutureCeuticals • Click for Enterprise Zone program brochure. MOMENCE EASTERN EMPLOYMENT HUB • Property inventory completed with Main Street Momence for Downtown Historic District. • Vision 2030 listening sessions completed. • Comprehensive property redevelopment strategies for mixed-use investment taking shape. • Significant interest from regional Historic Tax Credit investors. • Grant Park Wind Farm assets purchased by NextEra Energy Resources. • NextEra operates in 25 states and Canada. • More than 17,000 MW of wind and solar generation in North America for an investment of more than $20B in renewable technologies. • 119 wind sites in North America. • Subsidiary of NextEra Energy, Inc. based in Juno Beach, FL. TALENT DEVELOPMENT & OUTREACH ETIP Training Grant Awarded to CSL Behring • The Illinois Department of Commerce and Illinois Manufacturers Association presented an Employer Training Investment Program (ETIP) funding award to CSL Behring Kankakee in August. TALENT DEVELOPMENT & OUTREACH Q3 Occupational Wage Data Available • Median and hourly earning for Manufacturing and Transportation, Warehousing, Distribution and Logistics (TWDL) sectors, by occupations. • Click image to download sheet. TALENT DEVELOPMENT & OUTREACH Q3 Meeting 9/19 INFO: Laura Siemsen 815-935-0074 [email protected] MARKETING CAMPAIGNS • 24 active project/development contacts confirmed. • BrickStone Brewery tailgate. Municipal and Hotel Lodging Association showcase. • 98 tailgate registrations through Eventbrite. • 8+ follow-up development meetings/tours. MARKETING CAMPAIGNS #VisitKankakeeCounty + #ScoreKankakeeCounty • 6-week social campaign around Bears Training Camp • Daily Journal geo-fence and owned social channels • 71,719 organic and paid impressions on Twitter, LinkedIn and Facebook • 412 Twitter engagements • 3,256 LinkedIn engagements • 173 FB tailgate event engagements • 756 clicks to scorekankakeecounty.org MARKETING CAMPAIGNS Chicago Bears 100th Anniversary Yearbook promotion. 225,000 print run. 2019-20 Daily Journal THRIVE magazine promotion. MARKETING MATERIALS CLICK IMAGES for download. Contact the Alliance or Convention & Visitors Bureau for print quantities. STATE OF THE ECONOMY PRESENTATIONS Midland States Bank Burfield & Remington Tenant Meeting Kankakee Iroquois Ford Association of Realtors (Scheduled) State of Kankakee County Breakfast (Scheduled) Kankakee Development Corp. Annual Lunch (Scheduled) To schedule a State of Economy presentation for your leadership staff or board of directors, contact the Economic Alliance at 815.935.1177. CALENDAR 2019 Q3 Kankakee County Talent Outreach Meeting, Kankakee September 19 CMAP Onto 2050 Forum – Sub-area Planning, Joliet September 24 Illinois Chamber of Commerce EDIE Awards, Chicago September 26 Novogradac 2019 Historic Tax Credit Conference, St. Louis September 25-27 Area Development Women in Economic
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