DCEDC Hosts Annual Economic Outlook Luncheon
On March 24, 2017, DCEDC held its annual Economic Outlook Luncheon at Faranda’s Banquet Center. Senior Economist Bill Strauss of the Federal Reserve Bank of Chicago delivered an insightful presentation regarding the outlook of our economy. He presented data suggesting that the U.S. economy is expected to expand at a pace around trend through 2009. Additionally, Strauss stated that manufacturing output is expected to increase at a rate below its trend during 2017 and 2018 and the housing marketing is expected to continue improving through 2018. We thank the Daily Chronicle for their event coverage.
We were thrilled to have Bill Strauss back for another successful Economic Outlook Luncheon! We would like to thank Bill, the Federal Reserve Bank of Chicago, Faranda’s Banquet Center, our Economic Outlook Sponsors, and last but certainly not least, our Annual Event Sponsors!
DCEDC Receives the Genoa Area Chamber of Commerce Excellence Award
DCEDC was honored and humbled to have received the Genoa Area Chamber of Commerce Excellence Award, which “recognizes businesses that enhance the community, whether it be new or improved businesses, renovation and expansion projects or an outstanding achievement within the business community.” It was a pleasure to stand alongside other winners of the award- Karlsbad Tavern; City of Genoa; KishHealth Systems part of Northwestern Medicine, Energym Gymnastics, and Lloyd Landscape and Garden Center. Congratulations to all who were recognized at the ceremony and thank you, Genoa Area Chamber of Commerce, for your recognition and a delightful evening!
DCEDC Celebrates 30 Years: 1987-2017
With the incorporation of DCEDC on January 15, 1987, DeKalb County’s public-private economic development partnership begins its 30th year of operation. As the year progresses, DCEDC will commemorate significant development milestones and accomplishments throughout the county.
Since DCEDC’s inception, DeKalb County’s population increased 40% to 104,352 in 2015 from 74,844. Employment during this period increased 66% to 56,418 in December 2016 from 33,905. At the same time, the number of industrial firms increased 178% (to 370 from 133) and the size of the industrial market more than doubled from to 15.5 million square feet from 7.3 million.
Going forward, DCEDC is working with DeKalb County Government, the DeKalb County Community Foundation, DeKalb County Farm Bureau and NIU Center for Governmental Studies to prepare a Comprehensive Economic Development Strategy (CEDS). The CEDS plan will create actionable goals to implement the vision outlined by the county and all of its communities through the DeKalb County Thriving! process convened last year. The DCEDC Board of Directors, representing businesses from varying sectors of the economy and all 14 communities in the county, will serve as planning committee for this effort.
Drone Footage of 3M DK6 Distribution Center in Park 88
Aerial views of the recently completed 978,120 SF 3M Distribution Center located in Park 88 in DeKalb, IL. The footage is courtesy of Mark Goode, Principal, of Venture One Real Estate.
DCEDC Hosts 2016 Annual Dinner/State of the County Event
DCEDC held its 2016 Annual Dinner and State of the County Event on November 2, 2016 at Faranda’s Banquet Center in DeKalb, IL. Paul Borek, DCEDC Executive Director, gave the State of the County address that highlighted the numerous economic development projects and initiatives within DeKalb County this past year. A copy of this year’s State of the County presentation is available for DCEDC members using their membership login.
This year’s keynote speaker was Jim James, Chairman and CEO of IDEAL INDUSTRIES, INC. James has served as IDEAL INDUSTRIES, INC. President and CEO since 2008 and Chairman and CEO since 2014. With more than a quarter-century of experience across several industries, including metal fabrication, aerospace, chemical adhesives and building components, Jim James leads IDEAL INDUSTRIES, INC. with a wealth of knowledge and visionary leadership. A graduate of Georgia State University (MBA) and the University of Wisconsin (BS in Industrial Technology), Jim also spent 16 years with Illinois Tool Works before joining IDEAL in 2008.
This year IDEAL INDUSTRIES, INC. is celebrating its 100th Anniversary of operation. IDEAL INDUSTRIES, INC. has made its mark by developing the iconic products and practical technology demanded by critical industries like data communications, aerospace, electrical, wire processing, automotive, construction and more.
IDEAL is best known for wire connectors, which have become the go-to standard for electrical connections around the world. IDEAL innovations touch the sky — where nearly every commercial jet flying today was made using IDEAL wire strippers. IDEAL reached the moon, as part of the critical equipment on NASA missions. Best of all, IDEAL touches the daily lives of skilled tradesmen around the globe, who reach for IDEAL, Western Forge and SK brand hand tools to get the job done.
DeKalb County Enterprise Zone CERTIFIED
Per a resolution from Director Jim Schultz of the Illinois Department of Commerce & Economic Opportunity (DCEO), the DeKalb County Enterprise Zone HAS BEEN CERTIFIED as of 12/17/15. As designated Zone Administrator, the DeKalb County Economic Development Corporation will work with DCEO and the Illinois Department of Revenue to establish administrative procedures for operating the Zone and qualifying beneficiaries. Further information about Zone administration can be found here.
For further information or questions, please contact DCEDC Executive Director Paul Borek.
Business Expansion/Visitation Program
DCEDC is conducting a Business Retention/Expansion Visitation Program with the help of ComEd and the Illinois Manufacturing Excellence Center (IMEC) designed to support local industry and to improve the business environment throughout the county. Our goal is to learn what it will take to retain, nurture and expand DeKalb County businesses. The program involves visits to local firms, where we will conduct interviews to identify concerns, needs and opportunities. A proven survey tool will be used to organize information gathered. Our specific objectives are to:
- Learn about the strengths and weaknesses of the local business environment.
- Identify and react to business expansion opportunities and retention threats.
- Communicate available business development resources.
- Enhance communication between businesses and local leaders.
All of the information shared, is considered strictly confidential. If you are interested in helping DCEDC or participating, please contact us at 815-895-2711, or by email to: firstname.lastname@example.org or email@example.com.
Manufacturing and Industry Employers: Take Advantage of Workforce Training and Career Development Programs
Industrial Career Development – The DeKalb Ogle Workforce Development Consortium was established to help businesses and educators work together to introduce students to rewarding careers in manufacturing and industrial technology. With the support of local businesses, foundations and schools, the DeKalb Ogle Workforce Development Consortium succeeded in introducing over 300 high school students to careers in industry during the past three years. As a result, Automated Engineering Technology, Diesel Power, Welding and Automotive Technology at the Kishwaukee Education Consortium (KEC) are full; students have enrolled in Career Technology programs at Kishwaukee College and Engineering Programs at Northern Illinois University; and significant progress has been made in removing obstacles to internships and summer employment at local companies. Additionally, we are pleased to acknowledge the ongoing support of education partners through the Kishwaukee Education Consortium and Kishwaukee College – for their support of the Consortium.
On-the-Job Training program from the Illinois workNet Center connects WIOA eligible participants with full-time employment within DeKalb County. Hands-on training opportunities help employees obtain skills and competencies and provides funding/training dollars to employers at 50% of the job seeker’s wages for up to six months.
More information in our Workforce Development section.
Reduced rates to attend DCEDC Events
Sponsor opportunities to market your business @ select events
Self-Managed company profile on the dcedc website
Listed in select print materials
Listing on the DCEDC Website
Eligible to participate in social media channel promotions
Access to event presentation materials
No Charge for Members to list Commercial or Industrial Real Estate Sites and Buildings under our available Inventory
Invitation to attend DCEDC’s Annual Business Meeting Luncheon
Contributions to DCEDC are eligible to be tax deductible*
Supporting DCEDC’s public/private partnership will further enable us to retain/expand existing business and industry, and attract sustainable and diversified economic growth in DeKalb County.