3. Population Trends
TCEDA Region*
Percent Change by Age Group
TCEDA Region*
20%
16.7%
2000-2013
2013-2020
10%
Percent Change
6.5%
4.2%
1.3%
1.0%
0%
-1.2%
-0.9%
-1.0%
-2.0%
-4.3%
-4.6%
-3.1%
-7.3%
-10%
-15.2%
-20%
Under 18 Years
18 to 24 Years
25 to 34 Years
35 to 44 Years
45 to 54 Years
55 to 64 Years
65 Years & Over
*The TCEDA Region consists of Carroll, JoDaviess and Whiteside counties in Illinois.
Source: Woods and Poole Economics, Inc., 2013.
3
4. Economic Trends
Per Capita Gross Domestic Product
Per Capita GDP (1970-2020)
TCEDA Region*
$55,000
TCEDA Region
Per capita GDP and the rate of growth
are average for non‐metro counties in
Illinois.
In the past four decades increasing
urbanization resulted in a widening
disparity in economic growth between
cities, suburbs and rural areas.
$50,000
PerCapita GDP Constant (2005) Dollars
Being mostly rural, the TCEDA region
has a lower GDP than Illinois as a
whole.
$50,320
Non-Metro Counties
State of Illinois
$45,000
$40,000
$35,000
$30,397
$30,000
$29,855
$25,000
$23,874
$20,000
$15,000
$18,640
$16,992
1970
1980
1990
2000
2010
2013
2020
*The TCEDA Region consists of Carroll, JoDaviess and Whiteside counties in Illinois.
Source: Woods and Poole Economics, Inc., 2013.
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5. Economic Composition
Gross Domestic Product by Industry, 2011
Gross Regional Product by Industry, 2011
TCEDA Region
Manufacturing is about 12% of
employment in the region but
generates 21% of Regional GDP.
The Finance, Insurance and Real Estate
sector is a major contributor, but
represents only 7% of employment in
the TCEDA Region.
Although Agriculture represents only
7.5% GDP, it supports other sectors
such as manufacturing (farm
machinery, food processing), wholesale
trade and transportation.
Public
Administration
10.4%
Agriculture
Mining
& Related
7.5%
Construction
4.2%
Education
Healthcare
& Social Services
5.8%
Other Services
7.5%
Professional
Scientific
& Technical
Services
4.4%
Total Regional GDP
$3.24 Billion
Finance,
Insurance &
Real Estate
19.3%
Manufacturing
21.0%
Wholesale &
Retail Trade
13.0%
Transportation
Information, &
Utilities
6.9%
Source: IMPLAN, 2011.
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6. Business Vitality
Northwest Illinois
New Business Starts
TCEDA Region*
10,000
Total Establishments
The surge in new business starts in 2010
and the drop in the following years
reflects a national trend.
7,594
8,086
291
Number of Establishments
7,764
7,495
7,946
7,433
7,162
6,465
365
6,551
6,399
642
6,419
6,161
6,000
4,000
2,000
399
277
1,314
570
525
698
435
857
470
371
Nevertheless, business starts as a
proportion of total business firms in the
TCEDA region have lagged behind state
and national averages.
8,000
6,172
Not clear is whether this was caused by
an upturn in business activity following
the end of the recession or was in
response to some anticipated change in
tax or regulatory policies.
New Startups Establishments
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
*The TCEDA Region includes Carroll, JoDaviess and Whiteside counties in Illinois.
Source: Woods and Poole Economics, Inc., 2013.
6
8. Employment Trends
Northwest Illinois
Top Figure:
2012 Unemployment Rate
6.2%
Iowa
1.6%
Lower unemployment
rates in the past 3
years mainly reflect
declining labor force
participation rates.
Non‐farm
employment has
continued to fall in
most of the region
since the end of the
recession.
5.8%
Grant
0.7%
4.4%
Delaware
2.9%
4.5%
Cedar
1.7%
7.8%
JoDaviess
7.2%
5.7%
Jackson
2.5%
6.1%
Clinton
6.1%
6.4%
Scott
2.1%
7.8%
Rock Island
1.3%
8.4%
Rock
1.7%
6.4%
Green
2.3%
5.6%
Lafayette
1.6%
4.8%
Dubuque
4.0%
5.7%
Jones
2.4%
Bottom Figure:
Percent Change in
Non-Farm Employment
July, 2009 – August, 2013
9.4%
Stephenson
9.4%
8.9%
Carroll
7.5%
11.4%
11.6%
Winnebago Boone
0.1%
2.5%
10.8%
Ogle
9.2%
LEGEND
7.4%
Henry
0.2%
9.5%
Bureau
5.7%
=
8.9%
0.7%
Iowa
=
5.2%
0.6%
Wisconsin =
9.3%
Lee
8.2%
9.3%
Whiteside
7.2%
Illinois
6.9%
0.4%
U.S.
8.1%
2.9%
=
Source: U.S. Bureau of
Labor Statistics.
8
9. Employment Trends
Employment by Industry
Manufacturing, a major contributor to
GDP, has continued to decline as a major
employer.
Employment by Major Industry Sector TCEDA
Region
40.0%
Manufacturing
Services
33.2%
Services
Local factors, such as business costs,
aging infrastructure, and labor supply
also play a role.
Service sector jobs have replaced many
jobs lost in manufacturing, but pay less.
35.0%
Percent of Total Employment
This decline reflects global competition,
corporate mergers and acquisitions, and
labor saving technologies (e.g. robotics).
Government
30.0%
25.0%
Manufacturing
10.9%
20.0%
Government
13.7%
15.0%
10.0%
1970
1980
1990
2000
2010
2013
2020
Source: Woods & Poole Economics, Inc., 2013.
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10. Income Trends, 2013
Earning by Industry (in constant dollars)
Earnings per Employee by Industry Sector
TCEDA Region
$70,000
Manufacturing
Manufacturing jobs have higher
employee compensation than other
sectors.
Although the service sector employs
more people, earnings per job are 29%
below the regional average and the rate
of earnings growth has been relatively
weak.
Manufacturing
$61,401
Government
$60,000
Earnings per Employee
Despite a steep decline in employment,
earnings per job in manufacturing are
still more than 1.5 times the regional
average for all sectors.
Services
$50,000
Government
$52,738
$40,000
Services
$25,786
$30,000
$20,000
$10,000
1970
1980
1990
2000
2010
2013
2020
Source: Woods & Poole Economics, Inc., 2013.
Note: Figures are in constant (2005) dollars.
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