Elgin Area Chamber / Development Group

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Presentation to Elgin Area Leadership Academy February 2011

Presentation to Elgin Area Leadership Academy February 2011

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  • 1. Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
    Welcome
    to the
    Elgin Area
    Leadership Academy
    Economic Development Session
    February 5, 2011
  • 2. Ingredients for Organizational Success
    Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
  • 3. Our Mission
    Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
  • 4. Chamber Board of Directors
    Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
    Executive Committee
    John Hurlbut, Hurlbut & Hurlbut P.C. Chair of the Board
      Michael Shales, Shales McNutt, LLC Chair Elect of the Board
    Susan Angell-Case, Baird and Warner Vice Chair of Membership
    Mary Martini, Sherman Hospital Treasurer
    Michael McKay, Edward Jones Investments Immediate Past Chair of the Board
    Leo Nelson, Elgin Area Chamber Secretary
    Board of Directors Larry Dry, Provena Saint Joseph Hospital  
    Charles Falls, Demi & Cooper Advertising  
    Kim Gilmore, Gilmore Marketing Concepts Inc.
    Patrick Hayes, Fabric Images Inc.
    Tonya Hudson, Downtown Neighborhood Association
    Chris Huecksteadt, MetroStudy  
    Dale Lonis, Elgin Symphony Orchestra
    Todd Olsen, National City Bank  
    Dave Rock, IHC Construction Companies, LLC  
    Dr. David Sam, Elgin Community College  
    Eric Smith, Hoffer Plastics Corporation
    Jack Sorenson, U.S. Shelter, LLC
    Sean Stegall, City of Elgin
    Pat Szpekowski, PmS advertising, inc.  
    Jim Thomason, Grand Victoria Casino  
    Dr. Jose’ Torres, School District U-46  
    Mary Catherine Walsh, Cuisine America Inc. Catered Events  Jennifer Whiteside, Chase Card Services
  • 5. Chamber Staff
    Jeanette Mihalec,
    Vice President
    Membership
    Leo Nelson, President
    Michael O’Kelley
    Vice President
    Economic Development
    Terry Gajewski,
    Vice President
    Finance/Information Systems
    Catherine Smith
    Administrative Assistant        
    Carol Gieske,
    Vice President
    Communications and Special Events
    Pat Tindle
    Administrative Coordinator
    Bob Malm
    Challenge 21
    Campaign Director
  • 6. Board of Directors
    Executive Committee
    Governance Committee
    Elgin Development Group
    Ambassador Club
    Elgin Area Leadership Academy
    Golf Committee
    Hablamos Español Expo Committee
    Retention Committee
    President’s Council
    Business Retention/Recruitment Committee
    Workforce Development Committee
    Enhancing Elgin Committee
    Transportation Committee
    Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
    MembershipCouncil
  • 7. X-Factor
    Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
  • 8. Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
    Thanks to our Volunteers!We appreciate their contribution of time and expertise to help us to serve the business community.
    Paula Amenta
    Susan Angell-Case
    Patty Arroyo
    Dawn Ashley
    David Bear
    Mark Billings
    Kimberly Bless
    Jackie Bolger
    Lynne Bosley
    Kelly Brown
    Charles Cassell
    John Cassidy
    Diane Cooper
    Fred Coppes
    Wendy Covich
    Scott Damisch
    Jerry Deering
    Nidia Delgado
    Carol DePue
    Tom Devona
    Larry Dry
    Mary Dulabaum
    Jim Durante
    Dale Dwyer
    Nathaniel Edmond
    Jerry Edwards
    David Essex
    Charles Falls
    Kathy Fester
    Brian Fletcher
    Joe Follrath
    Dan Fox
    Kenneth Franzese
    Michael Frisco
    Jaime Garcia
    Heather Gates
    Nancy Gentile
    Marie Gildersleeve
    Kim Gilmore
    Donna Grimmett
    Gordon Gromer
    Peggy Gundrum
    Karla Guzman
    Pat Hayes
    Sofia Hedberg
    James Hills
    Richard Hitchcock
    William Hoffer
    Christopher Huecksteadt
    Cathy Hurlbut
    Richard Jakle
    Rise Jones
    Thomas Kallay
    David Kaptain
    William Karsten
    John Katzenbach
    Barb Keselica
    Jay Kilgore
    Barbara Kininmonth
    Carolyn Kirk-Likou
    Ginger Knapp
    Cynthia Kolich
    Bill Kowalski
    Rich Kruth
    Demetrius Kyles
    Ian Lamp
    Dale Lonis
    Tonya Lucchetti-Hudson
    Roy Lukowski
    Mary Martini
    Mark Mastrorocco
    Jorge Mauricio
    Michael McKay
    Tina Mengel
    Deborah Miller
    Javier Montoya
    Susan Moylan
    Steve Munson
    Cherie Murphy
    Michael Murschel
    Simon Nussbaum
    Diane O'Connor
    Susan Olafson
    Todd Olsen
    David Patzelt
    Lee Plasmier
    Chris Priester
    John Prigge
    Sharon Prizy
    Denise Raleigh
    Tracy Ramsay McDonnell
    Toya Randall
    Scott Reining
    Mark Richards
    Thomas Rickert
    Mary Robb
    Richard Robinson
    Dave Rock
    Krisilee Rothaug
    Sara Sabo
    David Sam
    Pam Saylor
    George Schober
    Edward Schock
    Aaron Sellers
    Jack Shales
    Dana Slattery
    AJ Smith
    Michael Sobel
    Jerry Sorensen
    Jack Sorenson
    John Steffen
    Sean Stegall
    Mary Ann Stephens
    David Strahl
    Steve Super
    Pat Szpekowski
    Jim Thomason
    Steve Thoren
    Jose Torres
    Jackie Tredup
    Jacquie Vinz
    Mary Catherine Walsh
  • 9. Class Exercise
    Choosing a U.S. location
  • 10. Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
    Partnership Goals:
    • Provide a solid tax base to support quality municipal and educational goals
    • 11. Improve the quality of life and standard of living for Elgin residents
    • 12. Create a diverse and vibrant local economy
    • 13. Generate desirable employment opportunities
  • Elgin Development Group
    Key Initiatives
    • Business Retention, Recruitment & Expansion
    • 14. Enhancing Elgin
    • 15. Transportation & Development
    • 16. Workforce Development
  • Business Retention, Recruitment & Expansion
    Staying in touch and reaching out to businesses through retention surveys
    Hosting round tables with opportunities for networking and meeting with government & education officials
    Encouraging exporting and trade as ways to expand business
    Promoting the Elgin area as a preferred business location
    Bringing in new businesses – creating jobs and investments
    in land, buildings and equipment
    Targeting retail development for shopping convenience and to capture sales tax revenue
  • 17. Enhancing Elgin
    Proclaiming the positive aspects and quality of life in the Elgin area through an image and branding campaign.
  • 18. Transportation & Development
    Transportation
    Focusing on critical land use and transportation issues as the Elgin area continues to grow and prosper
    Working with government officials to improve the existing roadway system
    Exploring new strategic transportation corridors in the western growth area
  • 19. Workforce Development
    Fostering communication between business, government and educational entities to help build a diverse and technologically talented workforce
    Enhancing workforce quality through skill building in partnership with Elgin Community College
    Developing stronger school/business partnerships to improve the skill set of entry level workers
    Continuing to implement WorkKeys® – a national career readiness certification program
  • 20. Elgin Development Group
    Key Initiatives
    • Business Retention, Recruitment
    and Expansion
    • Enhancing Elgin
    • 21. Transportation & Development
    • 22. Workforce Development
  • The American Workforce: Our Hopes, Our Voice, Our Future
    The Elgin Story
    A community involved………………..
  • 23. Changes in Workforce Skills Needs Across Fifty Years
    Unskilled
    12%
    Skilled
    20%
    Professional
    20%
    Skilled
    68%
    Unskilled
    60%
    Professional
    20%
    1955
    2005
  • 24. Do we have a skilled workforce to compete globally?
    Government
    Business & Industry
    Education
    Developing Strategy
  • 25. Community Support to Workforce Development
    City of Elgin
    Chamber of
    Commerce
    Illinois Dept. of Employment Security
    Elgin
    Community College
    Kane County
    Department of
    Employment & Education/
    WIB
    U-46 Sch Dist
    Career &
    Technical Guidance
    Workforce
    Grand
    Victoria Foundation
    Pace Bus
    UnitedWay
    Business & Manufacturing
    Centro de Informacion
  • 26. Creating Commonality
    Speaking the same language
    Uniform Goals
    Eliminate Redundancy
    Understanding and Developing
    Workforce Skills
    Core
    Soft
    Job
  • 27. Identifying, Measuring and Improving Workforce Skills
    for the Jobs of the Future
    Workkeys is a registered trademark of ACT, Inc
    KeyTrain is a trademark of Thinking Media
  • 28. WorkKeys® Skill Areas
    * 85% of ALL occupations utilize there skills
  • 37. TM
    2009
  • 38. National Career Readiness Certificate
    Levels & Employability
    Core employability skills for approximately 30% of jobs
    Core employability skills for approximately 65% of jobs
    Core employability skills for approximately 85-90% of jobs
    Core employability skills for approximately 99% of jobs
  • 39. How Does It Work?
    College Ready/Workforce Ready
    Redirecting the unemployed
    Improving the incumbents
  • 40. WorkKeys Identifies Skill Gaps
    • By comparing the job and individual profiles, the skills gap can be identified
    6
    Skills Gap
    5
    5
    5
    Skills Gap
    4
    4
    4
    4
    4
    4
    Individual
    3
    3
    3
    3
    3
    3
    Job Profile
    Applied
    Mathematics
    Reading for
    Information
    Locating
    Information
  • 41. KeyTrain Helps to Fill Skill Gaps
    KeyTrain provides self-paced curriculum to help individuals fill their skill gaps
    6
    6
    5
    5
    5
    5
    KeyTrain
    4
    4
    4
    4
    4
    4
    Individual
    3
    3
    3
    3
    3
    3
    Job Profile
    Applied
    Mathematics
    Reading for
    Information
    Locating
    Information
  • 42. Many new hires have no experience
    Hundreds of hours of training required
    Investment in new hires is significant
    Succession plan of technical talent
    Quality requirements more stringent
    Current Challenges
  • 43. Basic math skills (measurement, metric conversion, weights, dimensions)
    Ability to follow written instruction
    Locating Information (quality plans, prints, labels)
    Mechanical aptitude
    Soft Skills (initiative, honesty, punctuality, cooperation, desire to learn)
    English comprehension
    Typical Skills Gaps
  • 44. Current internal testing consumes time, resources, and is costly to buy and administer
    The NCRC eliminates and replaces the process, streamlining selection time
    Results in a 43% reduction in selection time and eliminates testing burden on HR
    Candidate Selection
  • 45. Going Forward
    Local Initiatives
    EAC Workforce Development Committee
    1,000 Skilled Workers
    ECC Key Train Lab
    U46 Testing of Juniors and Seniors
  • 46. The Future in Illinois
    Illinois NCRC Alliance
    Group of Educators, Employers, Government, and WIB representatives
    Heartland Conference – March 2011
    Midwest consortium of workforce development advocates
    Elgin presentation
    Annual ACT National Conference – April 2011
    Elgin presentation
  • 47. How do I get involved?
    Recognizing the NCRC
    Understanding your company needs
    Profiling
    Testing in other areas
    Contact the Elgin Area Chamber
  • 48. Elgin Development Group
    Key Initiatives
    • Business Retention, Recruitment & Expansion
    • 49. Enhancing Elgin
    • 50. Transportation & Development
    • 51. Workforce Development
  • Visit at the Siemen’s Wind Turbine Plant in Elgin, IL
  • 52. Business Retention & Recruitment Committee
    Mission: Retain, facilitate expansion and attract businesses to the Elgin Community
  • 53. Survey the Elgin business community to identify concerns /challenges and gauge overall sentiment
  • 54. Foster relationships with brokers and site selectors in order to promote the benefits of an Elgin location
  • 55. Quickly establish “hot buttons” for companies considering Elgin and address these factors in order of priority. Site selection factors:
  • Provide introductions to assist company and broker/site selectors with their evaluation.
    State of Illinois contacts
    City of Elgin contacts
    Banks
    Developers / Landlords
    Sources of labor
    Elgin Community College (training programs)
    Foreign Corporate Communities
    Architects / Designers
  • 61. Enhance communication amongst corporations of similar origins (i.e. German, Japanese, etc)
  • 62. Keys to the Committee’s Success
    Low municipal and county taxes
    Access to expressways
    Strong and diversified labor base
    Existing, high quality, state-of-the-art real estate inventory
    Proximity to O’Hare
    Strong foreign investment (European, Asian)
    Incentive programs
    Pro-business municipality (expedited permitting)
  • 63. Elgin Development Group
    Key Initiatives
    • Business Retention, Recruitment
    and Expansion
    • Enhancing Elgin
    • 64. Transportation & Development
    • 65. Workforce Development
  • 4Q10
    © Copyright Metrostudy 2011
  • 66. 4Q10
    Source: Bureau of Labor Statistics
    © Copyright Metrostudy 2011
    National EconomyU.S. Total Employed - Total Number of Jobs
  • 67. 4Q10
    Source: Bureau of Labor Statistics
    © Copyright Metrostudy 2011
    National EconomyU.S. Total Employed - Total Number of Jobs
  • 68. National Economy
    National Single-Family Permits - Annual Trend
    4Q10
    Source: U.S. Census Bureau
    © Copyright Metrostudy 2011
  • 69. National Economy
    U.S. Housing Production - Year by Year Totals (SF & MF)
    4Q10
    Source: U.S. Census Bureau
    © Copyright Metrostudy 2011
  • 70. National Economy
    U.S. Housing Production - Year by Year Totals (Single-Family only)
    4Q10
    Source: U.S. Census Bureau
    © Copyright Metrostudy 2011
  • 71. National Economy
    Housing Market - Top Ten States Ranked by Single Family Permits
    Illinois @ #19 with 8,052 SF Permits, DOWN -3.7%
    4Q10
    Source: Metrosearch USA
    © Copyright Metrostudy 2011
  • 72. Chicagoland Market
    Chicagoland Region - Year by Year Jobs Gained & Lost
    4Q10
    Source: Illinois Department of Employment Security
    © Copyright Metrostudy 2011
  • 73. Chicagoland Market
    SF Resale Housing Market - Annual Sales & Active Listings
    4Q10
    Source: Illinois Association of Realtors
    © Copyright Metrostudy 2011
  • 74. Chicagoland Market
    SF Resale Housing Market - Median Price Monthly Trend
    Down 6.9% from November, 2009
    Down 1.1% from Previous Month
    4Q10
    Source: Illinois Association of Realtors
    © Copyright Metrostudy 2011
  • 75. Chicagoland Market
    Six County Area - Properties with New Foreclosure Filings by Quarter
    4Q10
    Source: Woodstock Institute
    © Copyright Metrostudy 2011
  • 76. Chicagoland Market
    Foreclosure Filings - Submarkets with 500+ Foreclosures in 2009
    4Q10
    Source: Woodstock Institute
    © Copyright Metrostudy 2011
  • 77. Chicagoland Market
    Annual New Homes Started - Year by Year
    4Q10
    Source: Metrostudy
    © Copyright Metrostudy 2011
  • 78. Chicagoland Market
    Year to Date Housing Starts - 2009 & 2010 Comparison by County
    -14%
    -10%
    -53%
    -31%
    -20%
    -8%
    18%
    -44%
    -2%
    4Q10
    Source: Metrostudy
    © Copyright Metrostudy 2011
  • 79. Chicagoland Market
    Finished Vacant New Home Inventory - Quarterly Trend
    4Q10
    Source: Metrostudy
    © Copyright Metrostudy 2011
  • 80. Chicagoland Market
    Annual New Home Starts & Lot Inventory - Annual Trend
    4Q10
    Source: Metrostudy
    © Copyright Metrostudy 2011
  • 81. Chicagoland Market
    Vacant Develop Lot Inventory - 2009 & 2010 Comparison by County
    -7%
    -12%
    -6%
    -4%
    1%
    -5%
    -3%
    2%
    -6%
    4Q10
    Source: Metrostudy
    © Copyright Metrostudy 2011
  • 82. Chicagoland Market
    Vacant Develop Lot Inventory - Months of Supply by County
    4Q10
    Source: Metrostudy
    © Copyright Metrostudy 2011
  • 83. Chicagoland Market
    Municipality Ranking - Ranked by Annual New Home Starts
    4Q10
    Source: Metrostudy
    © Copyright Metrostudy 2011
  • 84. Chicagoland Market
    Builder Ranking - Top 15 Home Builders by 2010 Annual Closings
    4Q10
    Source: Metrostudy
    © Copyright Metrostudy 2011
  • 85. Elgin Market
    Annual New Homes Started - Year by Year
    4Q10
    Source: Metrostudy
    © Copyright Metrostudy 2011
  • 86. Elgin Market
    Annual New Home Starts & Closings - Historical Trend
    4Q10
    Source: Metrostudy
    © Copyright Metrostudy 2011
  • 87. Elgin Market
    Standing New Home Inventory - Historical Trend
    4Q10
    Source: Metrostudy
    © Copyright Metrostudy 2011
  • 88. Elgin Market
    Annual New Home Starts & Lot Inventory - Annual Trend
    4Q10
    Source: Metrostudy
    © Copyright Metrostudy 2011
  • 89. Elgin Market
    Annual New Home Starts & Lot Inventory - By Price Range
    4Q10
    Source: Metrostudy
    © Copyright Metrostudy 2011
  • 90. Summary
    Extended Period of Unemployment Likely
    Job Creation will Lag in the Midwest
    Prices Reaching Bottom/Still Little Demand
    New & Resale Home Inventory Low
    Lot Inventory - Fewer Quality Lots Remain
    2,500 Starts in 2010, 2011, Look to 2012
    4Q10
    © Copyright Metrostudy 2011
  • 91. Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
    Thank you Don, Dan, and Class Participants
    To learn more about the Chamber visit us on line
    Our Websiteelginchamber.com
    EDG Blog
    elgindevelopmentgroup.blogspot.com
    Chamber Blog
    elginareachamber.blogspot.com
    Facebook Page
    elginareachamber