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Elgin Area Chamber / Development Group
 

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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    Elgin Area Chamber / Development Group Elgin Area Chamber / Development Group Presentation Transcript

    • Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
      Welcome
      to the
      Elgin Area
      Leadership Academy
      Economic Development Session
      February 5, 2011
    • Ingredients for Organizational Success
      Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
    • Our Mission
      Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
    • 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
    • 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
    • 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
    • X-Factor
      Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
    • 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
    • Class Exercise
      Choosing a U.S. location
    • Enhancing Economic Vitality Advocating for Business Creating Opportunities for Members
      Partnership Goals:
      • Provide a solid tax base to support quality municipal and educational goals
      • Improve the quality of life and standard of living for Elgin residents
      • Create a diverse and vibrant local economy
      • Generate desirable employment opportunities
    • Elgin Development Group
      Key Initiatives
      • Business Retention, Recruitment & Expansion
      • Enhancing Elgin
      • Transportation & Development
      • 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
    • Enhancing Elgin
      Proclaiming the positive aspects and quality of life in the Elgin area through an image and branding campaign.
    • 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
    • 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
    • Elgin Development Group
      Key Initiatives
      • Business Retention, Recruitment
      and Expansion
      • Enhancing Elgin
      • Transportation & Development
      • Workforce Development
    • The American Workforce: Our Hopes, Our Voice, Our Future
      The Elgin Story
      A community involved………………..
    • Changes in Workforce Skills Needs Across Fifty Years
      Unskilled
      12%
      Skilled
      20%
      Professional
      20%
      Skilled
      68%
      Unskilled
      60%
      Professional
      20%
      1955
      2005
    • Do we have a skilled workforce to compete globally?
      Government
      Business & Industry
      Education
      Developing Strategy
    • 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
    • Creating Commonality
      Speaking the same language
      Uniform Goals
      Eliminate Redundancy
      Understanding and Developing
      Workforce Skills
      Core
      Soft
      Job
    • 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
    • WorkKeys® Skill Areas
      • Reading for Information*
      • Applied Mathematics*
      • Locating Information*
      • Applied Technology
      • Teamwork
      • Observation
      • Listening
      • Writing
      • Business Writing
      * 85% of ALL occupations utilize there skills
    • TM
      2009
    • 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
    • How Does It Work?
      College Ready/Workforce Ready
      Redirecting the unemployed
      Improving the incumbents
    • 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
    • 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
    • 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
    • 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
    • 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
    • Going Forward
      Local Initiatives
      EAC Workforce Development Committee
      1,000 Skilled Workers
      ECC Key Train Lab
      U46 Testing of Juniors and Seniors
    • 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
    • How do I get involved?
      Recognizing the NCRC
      Understanding your company needs
      Profiling
      Testing in other areas
      Contact the Elgin Area Chamber
    • Elgin Development Group
      Key Initiatives
      • Business Retention, Recruitment & Expansion
      • Enhancing Elgin
      • Transportation & Development
      • Workforce Development
    • Visit at the Siemen’s Wind Turbine Plant in Elgin, IL
    • Business Retention & Recruitment Committee
      Mission: Retain, facilitate expansion and attract businesses to the Elgin Community
    • Survey the Elgin business community to identify concerns /challenges and gauge overall sentiment
    • Foster relationships with brokers and site selectors in order to promote the benefits of an Elgin location
    • Quickly establish “hot buttons” for companies considering Elgin and address these factors in order of priority. Site selection factors:
      • Taxes
      • Labor
      • Real estate inventory
      • Access to expressways
      • Incentives
      • Proximity to residential areas
    • 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
    • Enhance communication amongst corporations of similar origins (i.e. German, Japanese, etc)
    • 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)
    • Elgin Development Group
      Key Initiatives
      • Business Retention, Recruitment
      and Expansion
      • Enhancing Elgin
      • Transportation & Development
      • Workforce Development
    • 4Q10
      © Copyright Metrostudy 2011
    • 4Q10
      Source: Bureau of Labor Statistics
      © Copyright Metrostudy 2011
      National EconomyU.S. Total Employed - Total Number of Jobs
    • 4Q10
      Source: Bureau of Labor Statistics
      © Copyright Metrostudy 2011
      National EconomyU.S. Total Employed - Total Number of Jobs
    • National Economy
      National Single-Family Permits - Annual Trend
      4Q10
      Source: U.S. Census Bureau
      © Copyright Metrostudy 2011
    • National Economy
      U.S. Housing Production - Year by Year Totals (SF & MF)
      4Q10
      Source: U.S. Census Bureau
      © Copyright Metrostudy 2011
    • National Economy
      U.S. Housing Production - Year by Year Totals (Single-Family only)
      4Q10
      Source: U.S. Census Bureau
      © Copyright Metrostudy 2011
    • 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
    • Chicagoland Market
      Chicagoland Region - Year by Year Jobs Gained & Lost
      4Q10
      Source: Illinois Department of Employment Security
      © Copyright Metrostudy 2011
    • Chicagoland Market
      SF Resale Housing Market - Annual Sales & Active Listings
      4Q10
      Source: Illinois Association of Realtors
      © Copyright Metrostudy 2011
    • 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
    • Chicagoland Market
      Six County Area - Properties with New Foreclosure Filings by Quarter
      4Q10
      Source: Woodstock Institute
      © Copyright Metrostudy 2011
    • Chicagoland Market
      Foreclosure Filings - Submarkets with 500+ Foreclosures in 2009
      4Q10
      Source: Woodstock Institute
      © Copyright Metrostudy 2011
    • Chicagoland Market
      Annual New Homes Started - Year by Year
      4Q10
      Source: Metrostudy
      © Copyright Metrostudy 2011
    • 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
    • Chicagoland Market
      Finished Vacant New Home Inventory - Quarterly Trend
      4Q10
      Source: Metrostudy
      © Copyright Metrostudy 2011
    • Chicagoland Market
      Annual New Home Starts & Lot Inventory - Annual Trend
      4Q10
      Source: Metrostudy
      © Copyright Metrostudy 2011
    • 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
    • Chicagoland Market
      Vacant Develop Lot Inventory - Months of Supply by County
      4Q10
      Source: Metrostudy
      © Copyright Metrostudy 2011
    • Chicagoland Market
      Municipality Ranking - Ranked by Annual New Home Starts
      4Q10
      Source: Metrostudy
      © Copyright Metrostudy 2011
    • Chicagoland Market
      Builder Ranking - Top 15 Home Builders by 2010 Annual Closings
      4Q10
      Source: Metrostudy
      © Copyright Metrostudy 2011
    • Elgin Market
      Annual New Homes Started - Year by Year
      4Q10
      Source: Metrostudy
      © Copyright Metrostudy 2011
    • Elgin Market
      Annual New Home Starts & Closings - Historical Trend
      4Q10
      Source: Metrostudy
      © Copyright Metrostudy 2011
    • Elgin Market
      Standing New Home Inventory - Historical Trend
      4Q10
      Source: Metrostudy
      © Copyright Metrostudy 2011
    • Elgin Market
      Annual New Home Starts & Lot Inventory - Annual Trend
      4Q10
      Source: Metrostudy
      © Copyright Metrostudy 2011
    • Elgin Market
      Annual New Home Starts & Lot Inventory - By Price Range
      4Q10
      Source: Metrostudy
      © Copyright Metrostudy 2011
    • 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
    • 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