Rockforward20/20Rockforward20/20 20172017 RESULTSRESULTS REPORTREPORT

CES TO W LA O P R T K

S I E 4 N B

MANUFACTURING AS VOTED BY

YOUR OPPORTUNITY REGION speaking on paper

We all have one thing that provides clarity in life and work. For me, it’s the choice to be positive. The choice to see challenges not as barriers but opportunities for change. The choice to see the glass as half full. The choice to celebrate our progress instead of dwell on misfortune. Our progression forward will come from within the community requiring a steadfast positive approach to know that we will win. That together we will achieve our goals. Did NATHAN BRYANT you know that our community has been in the workforce President & CEO talent development business for over 10-years?

Our region has established a nimble, industry-specific, and customized education-to-workforce pipelines ensuring the region has the skilled workforce essential to fulfilling the requirements of jobs that are good today, tomorrow and in the future. This is a differentiator creating a long-term competitive advantage for our community.

With the support of our Investors, stakeholders, Government Leaders, RAEDC Board of Directors, RAEDC Solution Teams/Committees, Local Businesses, and Organizations, my team and I will continue to maneuver the landscape as we market the region to attract new capital investment and assist the businesses in our community with resources they need for sustainable growth.

- Nathan

It is on all of us to highlight the community’s assets and be proud of our region as we position ourselves for continued success. 2017 board MICHELE PETRIE Chairman of the Board 2017 & 2018 of directors Wintrust Commercial Bank

EXECUTIVE COMMITTEE Chairman of the Board: Michele Petrie, WinTrust Leadership Council Chair: Mick Gronewold, Fehr Graham Commercial Banking CARE Committee Chair: John Saunders, Larson & Darby Vice Chair/Treasurer: Mike Paterson, Mid-West Family Group Broadcasting Business & Community Relations Solutions Team Chair: Immediate Past Chair: Sagar Patel, Woodward Paul Gaier, Director at Large: Eric Cunningham, UTC Aerospace Mayor Tom McNamara, City of Rockford Systems Chairman Frank Haney, Winnebago County Director at Large: Sunil Puri, First Midwest Group Nathan Bryant, Rockford Area Economic Development Director at Large: Matt Roegner, Alpine Bank Council Director at Large: David Schertz, OSF HealthCare

DIRECTORS David Anspaugh, Northern Building Contractors Jeffrey Hultman, Illinois Bank & Trust Association Dr. Ehren Jarrett, Rockford Public Schools R. Richard Bastian, III, Blackhawk Bank Tom Kress, Associated Bank Teresa Beach-Shelow, Superior Joining Technologies Kelly Lattimer, WQRF/WTVO Edward C. Berg, First Northern Credit Union Jeff Layng, JP Morgan Chase Steve Bois, Rockford Area REALTORS Penelope Lechtenberg, Lechtenberg & Associates LLC Dr. Mike Born, SwedishAmerican Health System Dr. W. Stephen Minore, Rockford Anesthesiologists Jerry Busse, Rockford Toolcraft, Inc. Associated, LLC John Chadwick, WREX-TV Ed Munguia, Stillman Bank Rebecca Epperson, Chartwell Agency Tim Myers, WIFR-TV George Gaulrapp, ComEd Mark Peterson, CherryVale Mall / CBL & Associates Linda Gerber, Rock River Valley Blood Center Properties Thomas Green, Barrick, Switzer, Long, Balsley & Van Evera Joel Sjostrom, Sjostrom & Sons, Inc. Jennifer Hall, Mercyhealth Glen Turpoff, Northwestern Illinois Contractors Association Matthew Hevrin, Hinshaw & Culbertson LLP EX-OFFICIO VOTING EX-OFFICIO NONVOTING Mayor Dale Adams, Village of Rockton Lisa Bly, Workforce Connection Jon Bates, Community Foundation of Northern IL Todd Cagnoni, City of Rockford Dr. Rena Cotsones, University Pam Fettes, Growth Dimensions of Belvidere/Boone Einar Forsman, Rockford Chamber of Commerce County John Groh, Rockford Area Conv. & Visitors Bureau John Phelps, Rockford Local Development Corp. Tim Hanson, Rock River Water Reclamation David Pietryla, Nicor Gas Dr. Douglas Jensen, Rock Valley College Jeff Polsean, Greater Rockford Airport Authority Mayor Steve Johnson, Village of Machesney Park Senator Steve Stadelman Mayor Greg Jury, City of Loves Park Craig Steege, Education for Workforce Development Paul Logli, United Way of Rock River Valley Committee Chair Dr. Alex Stagnaro-Green, U of I College of Medicine Khoi Vu, RAAN Chair Senator Dave Syverson David Young, Northwest Illinois Development Alliance BOARD LIAISONS City of Rockford Winnebago County Alderman Joseph Chiarelli County Board Member Gary Jury Alderman Ann Thompson-Kelly Regional ECONOMIC IMPACT MEASUREMENTS Rockforward20/20

The figures measuring the Rockforward20/20 strategic plan progress represents totals from 2016 and 2017, the first two-years of a five-year plan.

EMPLOYMENT

2015 2016 2017 2016 OVER 2017 PERCENT AVERAGE AVERAGE AVERAGE VARIANCE VARIANCE 156,803 159,270 154,729 -5,074 -3.2% 37% 3,674 2020 G oa l: n 1 io 0 ill ,5 m New or 0 77% 5 0 2 Retained $708 million 9 Primary Jobs $ Capital

: Investment l

a

o New or

G Renovated

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m 8 2 l: UNEMPLOYMENT RATES 020 Goa

2015 2016 2017 25% AVERAGE AVERAGE AVERAGE 7.00% 6.78% 6.60% 2,013,313 staff Nathan Bryant, President & CEO Chelsea Fray, Investor Relations Coordinator Anna Garrison, Business Development Coordinator Leilani Hillis, VP of Operations Jimsi Kuborn, VP of Investor Relations Erin Marshall, Marketing & Communications Coordinator Gerald Sagona, VP of Business Development thank you

The important work of improving our economic strength and competitiveness is made possible only through the collaboration and support of our RAEDC investors and we are grateful for the support we receive. Not only do we help companies grow, we also position our region as an ideal location for businesses and industries. The significant work of building a stronger and more sustainable economy must continue.

If you are an investor, thank you for your generous support and please consider increasing your support. If you are not an investor and would like to learn how to become more involved with RAEDC at any level, we would be honored for the opportunity to discuss.

The Rockford Area Economic Development Council (RAEDC) propels the region to top 25 status, as the model for impactful economic vision development in partnership with regional organizations.

To find out how we will accomplish the goals set for the Rockforward20/20 strategic plan, contact Jimsi Kuborn, Vice President of Investor Relations at 815.987.8118 or [email protected]. solutions teams committees EDUCATION FOR WORKFORCE DEVELOPMENT The Workforce & Education Committee members work with regional partners to strengthen the workforce development pipeline connecting ROCKFORWARD! PRESIDENT’S CIRCLE the gap between education organizations and The Rockforward! President’s Circle meets to discuss regional businesses. and take action on economic development priorities and Craig Steege, Rassmusen College (CHAIR) strategies. RAEDC Investors contributing $25,000 or more Nathan Bryant, Staff Liaison per year become members of the President’s Circle. Michele Petrie, RAEDC Board Chairman, WinTrust AUDIT COMMITTEE Commercial Banking (CHAIR) The RAEDC Audit Committee consists of the Nathan Bryant, Staff Liaison Treasurer and at least three members from the Board of Directors and three Members at Large. ROCKFORWARD! LEADERSHIP COUNCIL The committee reviews and assesses financial Leadership Council members respond to opportunities at principles and reporting, risks and controls, and a macro level, placing an Emerging Opportunities Fund the organization’s independent auditors. annually at their disposal for investment in mutually- agreed upon, forward-thinking initiatives to leverage Daniel Ross, Williams-Manny, Inc. (CHAIR) positive change for economic development of the region. Leilani Hillis, Staff Liaison RAEDC Investors contributing $10,000 or more per year become members of the Rockforward! Leadership Council. NOMINATING COMMITTEE An annual slate of candidates for the Board of Mick Gronewold, Fehr Graham (CHAIR) Directors is prepared and recommended by Jimsi Kuborn, Staff Liaison the Nominating Committee. The Nominating COMPANY ATTRACTION, RETENTION, & EXPANSION Committee consists of three Directors and three TEAM Investors at Large. This team works on the Qualified Sites and Shovel Ready Penelope Lechtenberg, Lechtenberg & Associates program, marketing the region’s assets outside the region, LLC (CHAIR) increasing the awareness and participation in business Leilani Hillis, Staff Liaison development/continuity programs. They also work on meeting the needs of businesses looking to expand or ways to retain businesses within the region. John Saunders, Larson & Darby Group (CHAIR) Gerald Sagona, Staff Liaison mission The Rockford Economic Development BUSINESS & COMMUNITY RELATIONS SOLUTIONS TEAM This team promotes good news to the public and works Council (RAEDC) cultivates opportunities with the RAEDC to increase the awareness of economic for primary job growth that increase the development activites within the region. economic well-being of our region. Paul Gaier, Rockford Register Star (CHAIR) Jimsi Kuborn, Staff Liaison ROCKFORD AREA AEROSPACE NETWORK The Rockford Area Aerospace Network (RAAN) is a social consortium of companies implementing a strategic plan /RockfordAreaEconomicDevelopment Council to increase the competitiveness of the Rockford Region for aerospace expansion and attraction. /RockfordAreaEDC Khoi Vu, GE Aviation (CHAIR) /company/RockfordAreaEconomicDevelopment Council Gerald Sagona, Staff Liaison investors PRESIDENT’S CIRCLE ($25,000+) Rockforward! Premier Continued... Rockforward! Investors Continued... Alpine Bank Nicor Gas J.L. Clark City of Loves Park PNC Bank Kaney Group LLC City of Rockford Rock River Valley Blood Center Key Realty, Commercial & Industrial Comcast Business Rockford Anesthesiologists Associated, LLC LandMark Real Estate Group LLC ComEd Rockford Career College Lechtenberg & Associates LLC Fehr Graham Rockford Toolcraft, Inc. Lowe’s Companies, Inc. First Midwest Group, Inc. RSM US LLP MembersAlliance Credit Union IBEW / NECA SPXFlow – Rockford Meridian JP Morgan Chase Stillman Bank Merrill Lynch Larson & Darby Group Venture One Real Estate/Rock 39 Industrial Midwest Aero Support, Inc. Mercyhealth Park/Loves Park Corporate Center Midwest Community Bank Mid-West Family Broadcasting Village of Rockton Missman, Inc. Northern Illinois Building Contractors Next Rockford Association ROCKFORWARD! INVESTOR ($2,000+) Northern Illinois Service Co. Northwestern Illinois Alpha Controls & Services LLC Northern Illinois University Contractors Association American Precision Assemblers, Inc. Northwest Bank OSF Saint Anthony Medical Center American Standard Circuits, Inc. Ogle County Rockford Area REALTORS Arc Design Resources, Inc. Powmet, Inc. Rockford Public Schools Associated Bank Project First Rate Rockford Register Star Astronautics Corporation of America QPS Employment Group SwedishAmerican Health System Ballard Properties Rasmussen College UTC Aerospace Systems Barrick, Switzer, Long, Balsley & Van Evera Rock Valley College Village of Machesney Park Belcan Engineering Group, LLC Rockford Bank & Trust WIFR-TV Bourn & Koch, Inc. Rockford Housing Authority Winnebago County C.H. Robinson Worldwide, Inc. Woodward, Inc. CEANCI Savant Capital, LLC WQRF TV / WTVO TV Chem Processing, Inc Scandroli Construction Co WREX CherryVale Mall / CBL & Associates Schmeling Construction Co. Properties Senator Dave Syverson LEADERSHIP COUNCIL ($10,000+) CliftonLarsonAllen LLP Serola Biomechanics, Inc. Accuride Wheel End Solutions Clinkenbeard & Associates Inc. SIDCOR, Marketplace of Rockford BMO Harris Bank N.A. Community Foundation of Northern Skandia, Inc. First Northern Credit Union Illinois Specialty Screw Corporation GE Aviation Concentric Rockford Inc. Spider Company, Inc. Illinois Bank & Trust Cord Construction Company Spring Creek Development Group OrthoIllinois Crawford, Murphy & Tilly, Inc. Superior Joining Technologies, Inc. PCI Pharma Services Crusader Community Health TH Foods, Inc. Ringland-Johnson, Inc. DCEO Office of Regional Outreach Thames Management/Thinker Profit/ Rock River Water Reclamation District Excelsior, Inc. Woods CPA/ Mondek Solutions Rockford Area Convention & Visitors Field The Morrissey Family Businesses Bureau First National Bank The North Central Group Rockford Chamber of Commerce Forest City Corporate Center Thermo Fisher Scientific Rockford Park District FBM Gypsum Supply Title Underwriters Agency Sjostrom & Sons, Inc. Fridh Corporation TSI Plastics, Inc. Wintrust Commercial Bank Gary W. Anderson Architects U of I College of Medicine Gleason Cutting Tools Corporation U.S. Bank ROCKFORWARD! PREMIER ($5,000+) Global Display Solutions, Inc. United Way of Rock River Valley AAR Corp Greenlee - A Textron Company UPS AT&T Hampton Properties Viking Chemical Company Baker Tilly Virchow Krause, LLP Harlem Consolidated School District 122 Village of Cherry Valley Bergstrom Inc. Header Die & Tool, Inc. Village of Winnebago Blackhawk Bank Hinshaw & Culbertson LLP Williams-Manny Insurance Group Chartwell Agency HolmstromKennedyPC WilliamsMcCarthy, LLP City of South Beloit Ingenium Aerospace Wipfli LLP Giovanni’s Restaurant & Conventio Center Ingenium Technologies Corp. YMCA of Rock River Valley IMA Automation, USA Inc. J & M Plating Inc. where we STATE TO STATE COMPARISON I llinois, Indiana, Iowa, Wisconsin FOR YOUR EMPLOYEES The State to State Comparison gathers statistics from nationally recognized data sources and compares stand AVERAGE LOCAL SALES TAX RATE the cost of doing business in Illinois, Indiana, Iowa, and Wisconsin exclusive of tax credits and incentives. Source: Tax Foundation

0% .42% .80% 2.39% FOR YOUR BUSINESS CORPORATE INCOME TAXES Source: Tax Foundation PERSONAL INCOME TAXES Source: Tax Foundation

6.25% 7.75% 7.9% 6-12% .36-8.98% 3.23% 4.95% 4-7.65%

SALES TAX RATE Source: Tax Foundation TOTAL JOBS Source: EMSI, 2016. 1–QCEW Employees, Non-QCEW Employees, & Self-Employed

5.00% 6.00% 6.25% 6.25% 6,346,648 3,264,219 3,079,240 1,741,418

INDUSTRIAL ELECTRICAL (CENTS/KWH) Source: 2016, US Energy Information Administration MEDIAN HOUSEHOLD INCOME (2010-2014) COMMERCIAL ELECTRICAL (CENTS/KWH) Source: US Census Bureau MEAN TRAVEL TIME TO WORK (MINUTES, AGE 16+, 2010-2014) Source: 2016, US Energy Information Administration Source: US Census Bureau 5.47 6.24 7.55 7.70 $59,196 $54,610 $54,570 $50,430 8.71 8.99 10.49 11.06 18.9 21.9 23.4 28.5 INDUSTRIAL NATURAL GAS (DOLLARS/THOUSAND CUBIC FT) Source: 2016, US Energy Information Administration

QUALITY OF LIFE (2018) 5.05 5.09 5.44 5.54 Source: Rockford Area Convention & Visitors Bureau GROSS DOMESTIC PRODUCT PER CAPITA 496 185 15 14 Source: Statista BACHELOR’S DEGREE OR HIGHER (AGE 25+, 2010-2014) Restaurants Public Museums Public Golf COMMERCIAL NATURAL GAS (DOLLARS/THOUSAND CUBIC FT) Source: US Census Bureau Source: 2016, US Energy Information Administration Parks Courses $53,640 $49,500 $47,414 $45,136 32.90% 28.40% 27.20% 24.60% 6.49 6.56 6.61 6.81

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