Legislation Approved Enabling DeKalb Co./Illinois to Compete for Data Center Development
Legislation creating a competitive operating environment to attract data centers was approved by the Illinois General Assembly this weekend and heads to the Governor for signature, according to the Illinois Chamber of Commerce.
Advocated by both business and labor leaders, the legislation creates tax incentives for the state’s data center industry in order to bring high-paying jobs to Illinois and create greater economic opportunities and additional revenue streams for communities.
DCEDC has worked with technology companies, developers and community leaders together with the Illinois and Chicagoland Chambers of Commerce to inform legislators of benefits of data center development and the need for incentives to compete with other states.
Data centers employ highly skilled computer and information technology professionals, many of which are educated at Northern Illinois University and Kishwaukee College. Data center development would provide attractive jobs enabling students to settle and raise families locally, strengthening and diversifying the DeKalb County economy and contributing to the Illinois economy.
Research, Development and Information Technology has been identified as a target industry cluster in the DeKalb County Thriving! Comprehensive Economic Development Strategy (CEDS Plan). Establishment of a viable research and technology cluster would strengthen Northern Illinois University, DeKalb County’s largest employer and economic engine, by providing transformational student experiences connecting business innovation with university research.
Data centers are critical infrastructure facilities that store, process and distribute large amounts of data for a wide range of industries. Data center development would contribute to the local economy by providing high wage technology jobs and expanding the tax base to support schools, municipalities and other governmental services.
According to the Illinois Chamber of Commerce, “data centers generated approximately $321.7 million in state and local revenue in 2017. Additionally, Illinois boasted 31,500 high-paying jobs within this industry, as well as $54.1 million in construction labor income for 820 workers.” With the addition of incentives, Illinois and DeKalb expect to see those investment and job numbers grow.
DeKalb County is distinctly equipped to support data center development due to the availability of high voltage electric power from ComEd, abundant municipal water supply from the City of DeKalb, and virtually unlimited broadband capacity through a high-speed fiber-optic network built by Northern Illinois University, with the support of the State of Illinois and DeKalb County.
The data center development industry has shown great interest in DeKalb County, selecting the ChicagoWest Business Center as the last Illinois finalist for an 80-acre, $350 million Fortune 50 data center campus in 2013. This prospect was positively inclined toward DeKalb and Illinois, but instead selected an Iowa location to due to more favorable sales tax treatment. Since that time, most major technology firms have visited and seriously considered DeKalb, but instead developed data center campuses just over the border in Iowa.
“A recent study published by Mangum Economics for the Illinois and Chicagoland Chamber Foundations found that tax incentives were an important factor in data center development and have been passed in 30 states, including neighboring states,” according to Illinois Chamber of Commerce press release.
“The study found that from June 2017 to June 2018 Chicago’s data center market lagged behind other states and only grew 7 percent. In contrast, states and cities with incentives experienced much higher growth rates, such as the Phoenix market, which grew 26 percent; the Northern Virginia market, which grew 16 percent; and the Atlanta market grew, which grew 12 percent,” the Illinois Chamber press release further states.
We are particularly encouraged by the actions of the Illinois General Assembly because DeKalb is currently a finalist for another data center campus codenamed Project Apogee. DCEDC is confident that a competitive operating environment will generate significant new data center investment, job creation and tax revenue.
For the second time, Northern Illinois University College of Business and DCEDC will partner in project IGNITE!
Up to five DeKalb County Economic Development Corporation member companies, local start-ups and/or local nonprofit organizations can easily hire NIU College of Business students to assist with professional tasks and projects during the school year. As a hiring organization, you will pay just $500.00 for up to 35 weeks of part-time help from the fall 2019 hiring date through May 9th, 2020. The NIU College of Business will generously subsidize student wages up to $10/per hour.
Now is the time for our members to access local up and coming business talent! The deadline to apply is May 31st. Information is provided in the links, below.
The Illinois Small Business Development Center at Waubonsee Community College has chosen DeKalb County as a site to provide an SBA Lender Forum in DeKalb County for our banking community. This is an opportunity for our DeKalb County lenders to interact with SBA and IL SBDC-WCC representatives. Access to capital is a common theme for new and existing businesses and we want to help provide as many connections to resources as possible.
The SBA Lender Forum for the local financial institutions hosted by IL SBDC at WCC in DeKalb on May 14th. The attached documents provide information. There is no cost for lenders to attend, continental breakfast is provided, and online registrationis required. Having an IL SBDC presence active in DeKalb County for the past year has been a tremendous benefit to refer our business incubator tenants and general business inquiries from all over DeKalb County.
Each year, the I-39 Logistics Corridor hosts their annual Festivus event in the spring. The event is catered to Site Selectors, Real Estate Brokers, Developers and Economic Development practitioners and business owners who work together to make that next WIN happen!
DCEDC is proud to participate and be a Gold Sponsor!
Date posted: April 19, 2019 | Author: email@example.com | Comments Off on Annual Festivus Event hosted by the I-39 Logistics Corridor
On Thursday, April 11th, DCEDC hosted its Annual Economic Outlook Luncheon at Faranda’s. Senior Economist Bill Strauss, of the Federal Reserve Bank of Chicago returned to deliver this year’s forecast to 155 guests.
The event began with a high-level networking period, followed by a delicious buffet lunch provided by Faranda’s catering. DCEDC’s Event Chair Gary Evans, welcomed the guests and introduced Strauss by recapping his impressive biography cv-strauss-pdf.
Economist William Strauss predicts workers could have a good chance of receiving a raise in 2019. Various sectors in the Midwest are outperforming their other regional counterparts, thanks in part to manufacturing activity. Strauss struck a mostly optimistic tone about the national and regional economy and tamped down fears of a recession.“When somebody says that the economy has been expanding for nearly 10 years, therefore next year we’re in a recession just because we’re due for a recession, to me that is really not very enlightened thinking,” Strauss said.
The outlook is better in some sectors than others, Strauss said. Although economic indicators show that workers could get better-than-average wage increases without triggering inflation and manufacturing activity is likely to see healthy growth, local farmers will continue to be frustrated by low prices for commodity crops such as corn and soybeans.
Following Strauss’s forecast, DCEDC Executive Director Paul Borek facilitated a healthy Q. and A. session with the guests. He closed the event by thanking all of the event sponsors for supporting this popular annual event, and the guests for attending. He shared core initiatives that DCEDC is undertaking this year, including the relocation of the DCEDC office to 2179 Sycamore Road, DeKalb, IL 60115, in the coming weeks.
Posted below are some event pictures and a listing of our valued sponsors! To view the Daily Chronicle’s article about the event, please click on the link–Daily Chronicle Article EOL 2019
Thank you to our Annual Event Sponsors-
Thank you Economic Outlook Luncheon Sponsors 2019
Date posted: April 15, 2019 | Author: firstname.lastname@example.org | Comments Off on DCEDC hosts annual Economic Outlook Luncheon event
DCEDC will proudly participate in Give DeKalb County on May 2nd. DCEDC Staff felt that it was important to join this collaborative countywide event.
A brief description of the program is listed below-
Give DeKalb County is a 24-hour fundraising event designed to build community, encourage philanthropy, connect donors to nonprofits, promote collaboration, and raise awareness about the nonprofit sector. Donors of all ages are encouraged to express their generosity on May 2, 2019. A bonus pool of funds raised from Community Partners ensures that every donation makes an even greater impact!
DCEDC appreciates the ongoing efforts of our partners at the DeKalb County Community Foundation and DeKalb County Nonprofit Partnership for championing this annual event and encouraging all DeKalb County Nonprofits to participate!
Date posted: March 26, 2019 | Author: email@example.com | Comments Off on Countywide Day of Fundraising
On Wednesday, February 26th, nearly 50 leaders throughout DeKalb County joined together to attend the first ever, Economic Development Boot Camp. The camp was held in the DeKalb County Community Outreach building. ComEd, DeKalb County and DCEDC teamed up to host the event.
The event was tailored to municipal, elected officials and economic development staff, to receive the tools necessary to effectively encourage economic development in their respective DeKalb County community.
The event aligns with one of the action items in the adopted DeKalb County Thriving! Comprehensive Economic Development Strategic Plan-Goal #3 Creating a Countywide Business Climate that contributes to business success
The evening began with a complimentary dinner buffet, provided by ComEd. Fatty’s Catering prepared the evening’s delicious meal. Opening remarks were heard by Paul Borek, DCEDC Executive Director, Mark Pietrowski, Jr., DeKalb County Board Chairman, and Cohen Barnes, DCEDC President and business owner of Sundog, Inc. ComEd’s John McCann provided a brief overview of what to expect throughout the evening session.
Panelists offered expert insights on the various faucets of their respective industry, with the ultimate focus about attracting diversified and sustainable economic development.
The expert panel included the following highly regarded career practitioners;
Mark Peterson- President & CEO, INTERSECT Illinois, a global powerhouse at the heart of the U.S., a go-to resource for doing business in Illinois.
Minah Hall-Managing Director, True Partners Consulting, Site Selection and Credits/Incentives specialist.
Jerry Krusinski-President, ChicagoWest Business Center/Krusinski Construction Company, a leading Developer in providing comprehensive construction services by creating long-lasting partnerships with clients.
Foti Pappas-Pappas Development, a highly successful and leading Commercial Real Estate Development firm throughout DeKalb County for more than 50 years.
John McCann- Economic Development Business Manager a leading utility provider.
Ken Greene-Senior Director of Market Development, Comcast Business Services a leading utility provider.
Bernie Anderson-Regional Manager Community Affairs, Nicor Gas, a leading utility provider.
Jolene Willis, Economic Development Coordinator for DeKalb County closed the evening with gratitude to all who attended and participated. Willis will be following up with each attendee for their take away and assistance in planning future camps. Copies of the presentations will also be distributed to those who attended.
Here is to a unified effort of achieving more WINS! for DeKalb County.
Date posted: March 2, 2019 | Author: firstname.lastname@example.org | Comments Off on Inaugural Economic Boot Camp for DeKalb County