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2017 Economic Pulse Survey Results

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2017 Economic Pulse Survey Results

  1. 1. U.S. Chamber of Commerce Accredited Five-Star Distinction Facebook: AuroraChamber twitter: AuroraILChamber Blog: AuroraChamber.com/blog/ CONNECT. GROW. INFLUENCE. 2017 REGIONAL ECONOMIC PULSE A community bank dedicated to serving the current and future needs of the families and businesses that make up the communities in which we live and work. In 1965, Daniel D. Dolan and James O. Murphy formed Dolan & Murphy, Inc. creating the first real estate firm in the Fox River Valley exclusively specializing in commercial, industrial and investment properties. A progressive, dynamic economic development partnership dedicated to expanding economic opportunities in Aurora and developing a sustainable community for its residents.
  2. 2. U.S. Chamber of Commerce Accredited Five-Star Distinction Facebook: AuroraChamber twitter: AuroraILChamber Blog: AuroraChamber.com/blog/ CONNECT. GROW. INFLUENCE. 39.9% 16.0% 11.0% 11.7% 12.3% 9.2% 0-10 11-25 26-50 51-100 101-500 501 + EMPLOYEES The majority of respondents are businesses with fewer than 25 employees. REGIONAL BUSINESS
  3. 3. U.S. Chamber of Commerce Accredited Five-Star Distinction Facebook: AuroraChamber twitter: AuroraILChamber Blog: AuroraChamber.com/blog/ CONNECT. GROW. INFLUENCE. 50% plan to hire additional employees…. Another 40% plan to maintain current workforce numbers. REGIONAL OUTLOOK This was a slight increase from 47% in 2016.
  4. 4. U.S. Chamber of Commerce Accredited Five-Star Distinction Facebook: AuroraChamber twitter: AuroraILChamber Blog: AuroraChamber.com/blog/ CONNECT. GROW. INFLUENCE. Nearly four in 10 find economic uncertainty keeps them from hiring. Economic uncertainty 38%  8 State uncertainty 31% 13 Lack of revenue 25%  2 Excess regulation 18%  8 ACA requirements 12%  5 Qualified workforce 10%  5 REGIONAL OUTLOOK
  5. 5. U.S. Chamber of Commerce Accredited Five-Star Distinction Facebook: AuroraChamber twitter: AuroraILChamber Blog: AuroraChamber.com/blog/ CONNECT. GROW. INFLUENCE. 41.8% 27.0% 10.6% 14.9% 5.7% <$1M $1-5M $5-10M $10-100M >$101M REVENUE The largest segment reports less than $1 million in annual revenue. REGIONAL BUSINESS
  6. 6. U.S. Chamber of Commerce Accredited Five-Star Distinction Facebook: AuroraChamber twitter: AuroraILChamber Blog: AuroraChamber.com/blog/ CONNECT. GROW. INFLUENCE. 70% report business is better than 12 months ago. REGIONAL OUTLOOK
  7. 7. U.S. Chamber of Commerce Accredited Five-Star Distinction Facebook: AuroraChamber twitter: AuroraILChamber Blog: AuroraChamber.com/blog/ CONNECT. GROW. INFLUENCE. 73% expect revenues to improve within the year REGIONAL OUTLOOK
  8. 8. U.S. Chamber of Commerce Accredited Five-Star Distinction Facebook: AuroraChamber twitter: AuroraILChamber Blog: AuroraChamber.com/blog/ CONNECT. GROW. INFLUENCE. 64% expect the economy to improve over the next year REGIONAL OUTLOOK This was a significant increase from last year’s 45%.
  9. 9. U.S. Chamber of Commerce Accredited Five-Star Distinction Facebook: AuroraChamber twitter: AuroraILChamber Blog: AuroraChamber.com/blog/ CONNECT. GROW. INFLUENCE. 75% expect the economy to improve in three years REGIONAL OUTLOOK
  10. 10. U.S. Chamber of Commerce Accredited Five-Star Distinction Facebook: AuroraChamber twitter: AuroraILChamber Blog: AuroraChamber.com/blog/ CONNECT. GROW. INFLUENCE. 47% expect it to be less difficult to obtain financing in the next six months REGIONAL OUTLOOK This was a slight decrease from 54% in 2016.
  11. 11. U.S. Chamber of Commerce Accredited Five-Star Distinction Facebook: AuroraChamber twitter: AuroraILChamber Blog: AuroraChamber.com/blog/ CONNECT. GROW. INFLUENCE. 73% believe State regulations today are unreasonable STATE OF BUSINESS
  12. 12. U.S. Chamber of Commerce Accredited Five-Star Distinction Facebook: AuroraChamber twitter: AuroraILChamber Blog: AuroraChamber.com/blog/ CONNECT. GROW. INFLUENCE. 87% are concerned with regulations, restrictions, taxes STATE OF BUSINESS
  13. 13. U.S. Chamber of Commerce Accredited Five-Star Distinction Facebook: AuroraChamber twitter: AuroraILChamber Blog: AuroraChamber.com/blog/ CONNECT. GROW. INFLUENCE. 71% are not confident in the direction of the State STATE OF BUSINESS
  14. 14. U.S. Chamber of Commerce Accredited Five-Star Distinction Facebook: AuroraChamber twitter: AuroraILChamber Blog: AuroraChamber.com/blog/ CONNECT. GROW. INFLUENCE. Four in 10 agree the State must make the budget impasse a priority. State budget 39% 18 Taxes and fees 15% 12 Regulations/mandates 15%  3 Debt/pensions 13%  3 Workforce readiness 11%  6 Work comp reform 10%  7 STATE OF BUSINESS
  15. 15. U.S. Chamber of Commerce Accredited Five-Star Distinction Facebook: AuroraChamber twitter: AuroraILChamber Blog: AuroraChamber.com/blog/ CONNECT. GROW. INFLUENCE. Nearly one in seven regional businesses conduct business globally. OPERATING GLOBALLY This is up from one in 10 last year.
  16. 16. U.S. Chamber of Commerce Accredited Five-Star Distinction Facebook: AuroraChamber twitter: AuroraILChamber Blog: AuroraChamber.com/blog/ CONNECT. GROW. INFLUENCE. TODAY’S PANEL StevenC.Meves,CFA ChiefInvestmentOfficer OldSecondBank KathyGilmore MembershipManager ValleyIndustrialAssociation AlexanderF.Pope,CFRE VicePresident,Development Rush-CopleyMedicalCenter
  17. 17. U.S. Chamber of Commerce Accredited Five-Star Distinction Facebook: AuroraChamber twitter: AuroraILChamber Blog: AuroraChamber.com/blog/ CONNECT. GROW. INFLUENCE. ABOUT THE CHAMBER The Aurora Regional Chamber of Commerce is a private, not-for-profit, membership-driven organization comprised of more than 700 members representing nearly 40,000 employees. Our mission is to be the catalyst for business success by providing leadership that facilitates the creation of a prosperous regional economy and effective advocacy for our members. The Chamber has become one of the largest, oldest, and most influential organizations in our area by working for more than a century to make the Aurora and North Aurora region a better place to live and work for all.

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