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Quick Reference Guide 2021 Quick Reference Guide Rockford, IL MSA RockfordIL.com CONTENTS Regional Investment .....................................................................................................02 Economic Development KPIs .............................................................................................02 Major Industrial Sectors .......................................................................................................02 Major Employers ............................................................................................................03 Incentives and Credits ..................................................................................................04 Logistics ..........................................................................................................................05 Air Services ............................................................................................................................05 Distribution......................................................................................................................06 Transit Time by Truck ...........................................................................................................05 Transit Time by Truck, & Rail..............................................................................................05 Motor Freight Carriers .........................................................................................................05 Utilities .............................................................................................................................06 Electric, Natural Gas, Water ................................................................................................06 Fiber Optics ............................................................................................................................06 Landfill Services ....................................................................................................................06 Waste Managements Services .............................................................................................06 Workforce.......................................................................................................................07 Occupational Salaries ...........................................................................................................07 Availability .............................................................................................................................07 7:2:1 Ratio ...............................................................................................................................07 Demographics ...............................................................................................................08 Age ..........................................................................................................................................08 Gender ....................................................................................................................................08 Race .........................................................................................................................................08 Attainment .............................................................................................................................08 Income ....................................................................................................................................08 Education .......................................................................................................................09 Career, Technical, & Other ...................................................................................................09 Undergraduate Programs ....................................................................................................09 Our Community .............................................................................................................09 Cost of Living ........................................................................................................................10 Health Care Accessibility .....................................................................................................10 Retail Sales Tax Rates ............................................................................................................10 Retail Trade ............................................................................................................................10 Quality of Place .............................................................................................................11 Spectator Sports .....................................................................................................................11 Events & Entertainment .......................................................................................................11 Culture & Arts .......................................................................................................................11 Active Lives ....................................................................................................................12 Sports & Recreation ..............................................................................................................12 Other Resources ....................................................................................................................12 01 REGIONAL INVESTMENT The regional economic impact figures and industry specific capital investment includes data from January 2016 through December 2020 for Winnebago County. The employment concentration figures for specific industry clusters are MSA (Metropolitan Statistical Area) level data; which includes Winnebago and Boone Counties. New & Renovated Space Capital Investment New & Retained Jobs 5,619,989 sq. ft. $1,271,141,316 7,416 Manufacturing Capital Employment Notes Investment Concentration This includes but is not $542,904,169 18.1% limited to aerospace, medical, automotive, and additive manufacturing. Logistics & Distribution Capital Employment Notes Investment Concentration This includes but is not $43,750,000 9.1% limited to warehouse, airport improvements, and distribution. Healthcare Capital Employment Notes Investment Concentration This combines data from our $647,348,089 5.6% region’s four health systems, VA services, and other medical establishments. Education Capital Employment Notes Investment Concentration This includes universities, $37,600,000 45% private schools, RPS205, HSD 122, and HCSD 206. Source: Bureau of Labor & Statistics May 2019; RAEDC Project Database 02 MAJOR EMPLOYERS Aerospace Collins Aerospace Woodward 2,200 1,675 Logistics, Retail, & Distribution UPS Wal-Mart Stores Lowe’s 2,203 1,470 1,110 Healthcare Mercyhealth SwedishAmerican OSF Healthcare 4,520 3,375 2,200 Education Rockford Public Harlem Consolidated Belvidere Community Schools District Schools Unit Schools 4,075 1,1330 1,045 Automotive Fiat Chrysler Magna Syncreon Automobiles (FCA) 816 600 3,580 Food Processing Mondelez General Mills Taylor Company* 850 675 671 *Manufactures food production equipment Government City Of Winnebago Rockford County 1,216 1,461 Source: Company, news, & statistical websites Notes: Not all figures have been updated due to a lack of information from 03 lay-offs and furloughs from COVID-19 INCENTIVES & CREDITS Source: Illinois Department of Commerce and Economic Opportunity, Region 1 Planning Council Communities within the Rockford MSA work enthusiastically with new and expanding companies to create a higher standard of living for the region’s residents. Incentives are an investment in the future economic well-being of a company and, as such, a return on investment of jobs, tax revenue, community cooperation, and capital investment is expected. The Rockford Region offers an array of incentive programs for new and expanding businesses as well as entrepreneurs. These programs are designed to assist a wide selection of qualifying companies in various stages of their economic growth. For additional information visit RockfordIL.com/incentive. Federal Incentives State Incentives Local Incentives • New Markets Tax • EDGE Tax Credit • TIF District (Tax Credits • Advantage Illinois Increment Financing) • State of Illinois • High Impact Business Program • Rockford New Markets Tax • Apprenticeship Education Expense • Cherry Valley Credits Tax Credit • Loves Park • Opportunity Zones • Data Center Investment Tax • Machesney Park • Foreign Trade Zone – Exemptions/Credits • Rockton FTZ #176 • Enterprise Zones • South Beloit • Employment Based • Belvidere/Boone County • Community Visa Programs • Loves Park Development Block • HUB Zone • Machesney Park Grant (CDBG) Funds • Rockford I-90 • Host Fee Loan • Rockford EZ-1 Program • River Edge Redevelopment Zones • Property Assessed Clean Energy (PACE) 04 LOGISTICS Air Service Source: Airports Council International; Airport Authority Websites Chicago Rockford International Airport Chicago O’Hare International Airport (RFD) (ORD) • Top 20 air cargo airport in the Nation • Driving distance from I-39/90 interchange: 61 • 2018’s Fastest growing cargo airport in the miles world • 3rd busiest passenger airport & top 20 in cargo • Amazon’s Ecommerce freight hub in the world (2018) • UPS’s second-largest North American air hub • 49 passenger, 30 cargo airlines • Driving distance from I-39/90 Interchange: 11 • Nonstop service to 49 international miles
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