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Q4 2020 EAKC Bod Report

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Q4 2020 EAKC Bod Report Q4 2020 Program Report Board of Directors Update 11-12-2020 via Zoom State of the Economy Market impact of COVID-19 pandemic and response Total jobs lost nationwide to date as 22M+ a result of COVID-19 pandemic and response. Percentage of jobs recouped per the U.S. Bureau of Labor Statistics' 55% October 2020 unemployment report. Graphic credit: MarketWatch At 8.1%, the Kankakee MSA had the 7th lowest 8.1% unemployment of the 14 statewide MSAs in Sept. At 15.9%, the Kankakee MSA was 7th of 14 in the State of Illinois in 15.9% terms of unemployment in the month of March. Illinois statewide average unemployment 9.8% for September 2020 At 8.1%, the Kankakee MSA had the 7th lowest 8.1% unemployment of the 14 statewide MSAs in Sept. At 15.9%, the Kankakee MSA was 7th of 14 in the State of Illinois in 15.9% terms of unemployment in the month of March. Illinois statewide average unemployment 9.8% for September 2020 Top 5 10,962 Common Skills $60K Unique job postings Communications Median advertised salary Customer Service Management Source:Source: Job Posting Kankakee Analytics Community for Kankakee College andand IroquoisEmsi, for Kankakee and Iroquois countiesSales counties - August to October 2020, Kankakee Community College and Emsi. Leadership LOCAL UNITS OF GOVERNMENT YET TO CERTIFY • Village of Essex • Village of Irwin • City of Momence • Kankakee County Health Dept. • Village of Buckingham • Village of Limestone • Village of Sammons Point Contact [email protected] to certify. Recent Rankings Area growth, positioning and prosperity by the numbers 91.1% of U.S. Average Q3 2020 Composite Cost of Living COLI is a comparative benchmark of after-tax consumer costs contributing to a professional/managerial standard of living. Development News The latest in five investment-ready zones Gross Absorption of 3M+ SF in 18 Months Manteno • New tenancy: Lowe's, McKesson, Innovel/Costco, Urban Farmer and Van Drunen Farms Diversatech • Remaining vacancy: 1.5M SF fully mechanized former Business Park Kmart Distribution facility, 333 S. Spruce St., Manteno North Convent St. Business District Established Bourbonnais • Adopted by Village of Bourbonnais board on 10-19-2020 • 145 acres Parkway • $18M budget over district's 23-year life • Revenues to be generated by 1% retailers occupation tax, Development service occupation tax and hotel operators occupation tax. Area • Click image for district map. $42M in Mixed- Spikeball Expands and Single-Use Midwest Logistics Kankakee Impact Investments Ops in Riverfront OZ Multiple Downtown Kankakee native and Riverfront and Riverfront TIF Spikeball CEO Chris projects using Historic Ruder has established a Tax Credits, New 51,000 SF Midwest Opportunity Markets Tax Credits, distribution hub here. Enterprise Zone and Zone PACE financing nearing finalization. Downtown TIF District Moves Forward Kankakee • Contract approved with Teska Associates Inc. • Boundary not set but reportedly will include Paramount Riverfront Theatre, former Turk property, Kankakee County Administration Building, the Daily Journal property and Opportunity the former Midland States Bank property, among others. Zone Greater Kankakee Airport Repositioning Kankakee • Local leadership exploring opportunities to reposition as a regional logistics hub. Riverfront • General aviation facility is outside of Chicago airspace. • Chicago Southland's longest runway outside of Midway Opportunity International, at 5,981 feet. Zone East Riverwalk Project Planning • First public segment of the "Currents of Kankakee" master planned riverfront district • Click to access Hitchcock Design Group project synopsis • Click image to access virtual open house. Kankakee Riverfront Opportunity Zone $9.6M in Hospitality Investments Coming Online • New Construction: Holiday Inn Express & Suites Bradley Route • Remodel: Best Western Plus & Bourbon Creek Kitchen • 200+ new rooms 50 Commercial • 45 new jobs Corridor Click image to acces The Pembroke Project at the Nicor site. Natural Gas Line Extension to Pembroke Area • Legislation put forward to enable extension project (SB3696) Eastern • Anticipated to be taken up in spring session • Nicor is undertaking due diligence and outreach to establish Employment public interest in natural gas conversion. Hub • 90% positive response rate to date Disproportionately Market Readiness Impacted Area (DIA) • Buildings • Pembroke/Hopkins Eastern • Sites Park designated under state's • Data Employment Cannabis Social • Planning documents Equity Program. • Demand for Hub production facilities for cannabis-infused consumer goods. New Development Tools Community Solar Subscriptions Available • Businesses and residents can now contract with approved vendors of the "Illinois Shines" program to achieve 20% savings on their monthly electric bills. • Program helps the State of Illinois meet its FEJA clean energy goals, including developing a viable market, creating new jobs, offsetting cost of business operations and reducing the cost of brownfield site redevelopment. • Click image to learn more and access list of approved vendors of the Illinois Shines program. Talent Outreach Strategic assessment, awareness building, innovation and fund development Top Searched 1,547 908 Occupations Unique Career Coach users Self-assessments Social Work since August launch completed within system Health Care Education Current Projects NEW Emsi Career Coach tool • Countywide collaborative with Kankakee Community College, Kankakee Area Career Center and Community Foundation of Kankakee River Valley • Free web-based tool connecting available local jobs and training with user interests. Marketing & Events Click image to access property portal. NEW Property Portal Tool • Embedded in the new tool are deep talent pipeline, workforce and community data, along with available property and development incentives particulars, for our MSA. The Economic Alliance is a PBS Lakeshore streaming sponsor in the month of November for Tom Desch's "An American Home," the story of Kankakee's B. Harley Bradley House. Click image to access film. What's The Field Museum's role in enhancing the Pembroke Area's economy and ecology? Visit https://lnkd.in/ecavMDT for Dr. Bouman's comments (14:20) and stay for the rest of Ep1 Co-Operation. New Reports State of the County Report 2020 Download at https://bit.ly/3nle8TN Q4 2020 Kankakee County Wage Survey Click image to access spreadsheet. 2021 Kankakee County Market Profile Employer outreach to begin in November for workforce statistics collection. United Way of Kankakee & Iroquois Counties Kankakee County Convention & Visitors Bureau Community Foundation of Kankakee River Valley Healthy Business Alliance of Kankakee County City of Momence Vision 2030 Task Force Pembroke Township & Village of Hopkins Park Utility Infrastructure Initiative Kankakee Development Corporation 2021 Board/ Venture Kankakee County U.S. Rep. Robin Kelly's Economic Development Task Force Committee Grundy Livingston Kankakee Workforce Board Talent Outreach Subcommittee Participation Kankakee County Chamber of Commerce Legislative Committee Kankakee County Chamber of Commerce Business Development & Entrepreneurship Committee Workforce Partners of Metropolitan Chicago (WPMC) Regional Apprenticeship Navigator partner Kankakee Area Human Resource Managers’ Association marketing partner Kankakee Community College Business/Office Professional Advisory Committee Kankakee Community College Manufacturing Technology Advisory Committee Kankakee Area Career Center Executive Advisory Committee The location and format of the Economic Alliance's 2021 schedule of meetings of its Board of Directors are TBD based on local, state and national Covid-19 protocols. Meetings are generally held on the second Thursdays of the scheduled months at 2021 EAKC 7:30 a.m. and are open to the public. BoD Meeting • February 11 Schedule • April 8 • June 10 • September 9 • November 11 Contact Financial incentives Workforce/wage analytics Property/site data Tim Nugent Lisa Wogan Consumer trends President/CEO Vice President Locational comparative analysis [email protected] [email protected] Local business intelligence 815-482-1537 815-355-4159 Expansion and related news Angela Morrey Ben Wilson Utility & transportation infrastructure data Director, Marketing Special Projects Permitting/compliance information [email protected] [email protected] 630-800-0006 815-228-6995 Economic Alliance of Kankakee County, 200 E. Court St., Suite 507, Kankakee, IL 60901 815-935-1177 kankakeecountyed.org.
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