Author: Lake County Partners

How Vision Drives Economic Growth in Lake County, Illinois

, Date: July 23, 2025

Lake County, Illinois, stands out as a beacon of economic development success in the Midwest. Through strategic partnerships, innovative branding, and relentless focus on community engagement, the region continues to attract significant investment, create jobs, and foster a climate where businesses and residents thrive. At the heart of this momentum are visionary leaders and consultants who bring expertise, fresh thinking, and actionable strategies to the table.

It comes as no surprise that this potent mix has resulted in Lake County, Illinois recently being named among the top 10 counties in the U.S. for economic development, according to Site Selection. The county’s prominent position as a national leader in economic development highlights the role of Lake County Partners, which has been recognized as a top partner by industry groups such as IMA and IMEC. These honors also reflect long-term planning, an adaptable mindset, and effective execution in attracting and retaining world-class employers.

“Behind the scenes in Lake County, there is a passionate and committed group of public sector leaders who leverage a menu of best practices for a variety of topics –including branding, financing, commercial development and more—that can be tailored to community resources and leveraged to fuel equitable growth and high quality of life in Lake County,” notes Steve Madden, the CEO of Libertyville Bank & Trust, North Region Market Head for Wintrust Financial Corporation.

Libertyville Bank & Trust’s long history of supporting community growth and opportunity has made the company a natural sponsor of Lake County Partners’ quarterly public sector workshop series, where, as Madden notes, “The optimism in the room is always palpable, and affirms that stakeholder-driven collaboration remains central to Lake County’s prosperity.”

The Importance of Crafting an Identity

Lake County Partners’ most recent public sector workshop featured its predictable high energy as the group delved into branding, digital marketing, and events, to discuss strategies to champion the many success stories taking place in communities across Lake County.

“Branding is a powerful tool that communities can use to craft an identity and articulate their value propositions,” notes one of the speakers, John Harris, president at a5 Branding & Digital. Harris wisely reminded the crowd that their “brand is not what they say it is, it’s what the public says it is. If you don’t control your narrative, others will, including AI. ”

Harris grounded his presentation in real-world examples of communities that are capturing what truly sets them apart, including Fox Lake—a Lake County village that worked with a5 to draw out a variety of authentic community voices to develop a marketing campaign rooted in local pride and ambition.

While Harris focused on “the heart” of the story, he let the next speaker speak to “the head,” and Alexander Boston, SEO and Content Lead at Northwoods Web Solutions did just that. Boston brought essential knowledge in the ever-evolving field of digital marketing and search optimization, opining on the many ways that his clients increase their digital presence and drive return on investment through strategies focused on digital advertising, software development, paid campaigns, SEO and AI.

Boston’s advice for communities seeking visibility? “Select the right digital platforms based on audience, goals, and budget, and prioritize quality content and technical excellence.” Boston also discussed the need for agile management of campaigns and budgets, noting that if done correctly, they can yield a clear understanding of their ability to connect with a consumer and trigger a lead.

From the Screen to In-Person

The look, feel and experience that a consumer has online also needs to translate into a seamless event experience as well. Personal interactions, like those afforded through targeted events, are a great way for communities to “friendraise” and touch base with partners—something that Lake County Partners has honed over the years through its popular annual “Big Event” breakfast. “Events are catalysts for business attraction and community pride,” noted the final speaker, Joan Cinquegrani, Owner and Lead Event Consultant at Five Grain Events. “They should absolutely be considered one of the tools in the communications toolbox.”

Cinquegrani’s team has supported Lake County Partners events for ten years, offering project management and on-the-ground staffing that executes memorable live events that prioritize the guest experience. Her work equips local governments and business groups to host everything from site selection tours to national conventions—boosting both Lake County’s reputation and economic impact.

Boosting Impact with Community-Driven Campaigns

A defining theme across all Lake County initiatives is community engagement. Whether developing a new brand identity, planning a major event, or running a digital campaign, leaders ensure that resident voices, stakeholder input, and local values drive strategies and outcomes. The secret recipe for success, as shared by the guest speakers, is this:

Define clear goals based on unique community strengths.
Engage diverse audiences including business owners, students, government officials and cultural organizations.
Tell consistent and compelling stories that reflect both tradition and transformation.
Measure strategies through real-time data analysis and feedback.
Celebrate wins and learning together to reinforce a cycle of growth and improvement.

Looking Forward: Lake County, Illinois Leads

Lake County’s continued recognition—by organizations like Site Selection Magazine and numerous industry associations—validates a culture of innovation, inclusivity, and results-driven leadership. Thanks to the combined expertise of committed professionals and a stellar all-star team of consultants to support their efforts, Lake County communities are not just keeping up—they are setting the pace for economic development nationwide.

For communities elsewhere seeking inspiration, the Lake County story is clear: invest in people, engage purposefully, and never underestimate the power of a great narrative paired with expert execution. The future is bright in Lake County, and its momentum shows no sign of slowing.

Big Results & The Recognition to Prove It

, Date: July 16, 2025

Lake County, Illinois’ reputation as an economic powerhouse is well-earned, as vividly detailed in our new 2024 Annual Report. This comprehensive report doesn’t just chronicle a year; it paints a compelling picture of strategic growth, unprecedented investment, and a collaborative spirit that is setting a new benchmark for economic development nationwide.

The accolades speak for themselves: Lake County has been recognized by Site Selection Magazine as one of the top 10 counties in the entire United States for economic development, while LCP itself has earned distinction as a top partner by the Illinois Manufacturers’ Association and IMEC. These achievements are not merely statistics – they are testaments to a concerted effort to foster an environment ripe for business success and community prosperity.

At the heart of Lake County’s economic surge are monumental investments and the creation of thousands of new job opportunities. Our 2024 Annual Report proudly highlights several pivotal projects that underscore this growth. Leading the charge is T5 Datacenters, whose staggering $2.25 billion investment represents a significant vote of confidence in Lake County’s infrastructure and future potential. This undertaking alone is poised to inject substantial capital and create a ripple effect across the local economy.

Beyond this project, the report details other crucial developments, including Ymer Technologies’ strategic relocation to Lake County from Texas, a move that brings new innovative capabilities and high-tech employment to the region.

In 2024, existing businesses also demonstrated their commitment to Lake County through significant expansions. Sysmex America, a global leader in clinical diagnostics, announced it would broadened its footprint, signifying continued growth in the healthcare and life sciences sector. Similarly, Polar Wire, ZF Services, and AZ Polymers have also announced expansions, reflecting the diverse and robust industrial landscape thriving within Lake County.

These expansions not only reinforce the stability of the local economy but also generate additional employment opportunities for residents. As the annual report illustrates, the bedrock of Lake County’s economic strength lies in a diverse portfolio of private and public companies that serve as the county’s economic base in key industries like life science, advanced manufacturing, healthcare and professional and technical services.

A forward-thinking approach to talent development is a cornerstone of Lake County’s long-term economic strategy, with a particular emphasis on investments in education. The annual report shines a spotlight on the collaborative efforts to cultivate a skilled workforce, particularly in high-demand fields such as STEM, manufacturing, and healthcare. Educational institutions within the county are playing a vital role in this endeavor.

Rosalind Franklin University of Medicine and Science, a premier institution for health sciences, continues to be a hub for medical innovation and talent, producing graduates who contribute directly to the burgeoning healthcare industry in Lake County. The College of Lake County, a comprehensive community college, is another critical partner, offering programs and certifications tailored to meet the evolving needs of local industries. Likewise, at the Lake County Tech Campus, the impact could be felt, with the school celebrating the enrolment of 2,300+ students, many of whom engaged with local employers to explore the exciting career opportunities available in Lake County.

By investing in these educational pathways, Lake County is ensuring a steady supply of skilled professionals, making it an attractive location for businesses seeking a talented and prepared workforce. This proactive approach to workforce development creates a virtuous cycle, where educational excellence fuels economic growth, which in turn attracts and retains top-tier talent.

Beyond investments and talent development, Lake County’s strong spirit of collaboration and community-building is an essential driver of economic success. Lake County Partners has distinguished itself as a master convenor, bringing together diverse stakeholders to foster a shared vision for the region’s future. Events like the highly anticipated “Big Event” and “Invested Together” event serve as prime examples of LCP’s ability to unite business leaders, policymakers, and community members. These gatherings facilitate invaluable networking opportunities, spark innovative ideas, and strengthen the bonds that are crucial for collective progress.

By working hand-in-hand with various organizations and individuals, LCP ensures that economic growth benefits all segments of the community. This collaborative ecosystem is a significant differentiator for Lake County, creating a supportive environment where businesses can thrive and individuals can find meaningful opportunities.

READ LAKE COUNTY PARTNERS’ 2024 ANNUAL REPORT

Lake County, Illinois Named Top 10 County in U.S. for Economic Development

, Date: July 11, 2025

Lake County has been named one of the top 10 counties in the nation to do business in by Site Selection Magazine, recognizing the County’s ongoing efforts to foster a business-friendly environment while enhancing the quality of life for residents. The magazine publishes its “America’s Best Counties” report annually, ranking counties based on their performance in attracting corporate facility projects, capital investment and jobs created.

They cited Lake County’s aggressive investment, job creation, rapid industry expansion and valuable proximity to the City of Chicago, already named the top U.S. metro for corporate relocation, for this recognition. This success is a reflection of Lake County’s strong leadership, and the strategic business retention and attraction efforts led by the county’s economic development corporation, Lake County Partners.

Through strong partnerships with state and local leaders and a laser-focused commitment to a reliable infrastructure, skilled talent, top-ranked education and a high quality of life, Lake County is building a community where businesses thrive and residents succeed.

“We’re honored to receive this national recognition, which reflects our strong and ongoing commitment to expanding economic opportunity across Lake County,” said Sandy Hart, Lake County Board Chair. “This achievement goes beyond helping businesses grow; it’s about creating good-paying jobs and building a more inclusive and prosperous future for all our residents, priorities that are woven into our strategic plan.”

Lake County is a well-established hub for key industries, including life sciences, advanced manufacturing, and professional and technical services. It is the home of many globally recognized brands, which highlights its popularity as a location of choice for corporate headquarters.

With its central location between Chicago and Milwaukee, reliable transportation network and quick access to three major international airports and nearby ports, Lake County is a gateway for domestic and global markets, putting the county at a strategic crossroads for goods distribution.

Talent sets Lake County apart, thanks to a strong education system that prepares students for success. The education-to-career pipelines, fueled by top-ranked schools, the College of Lake County, Lake County Tech Campus, Rosalind Franklin University and Lake Forest College, as well as partnerships with local businesses, fortify the workforce pipeline and support economic growth.

Economic development is among Lake County’s key strategic priorities. The County collaborates closely with organizations such as Lake County Partners, the Lake County Workforce Development and the Lake County Visitors and Tourism Bureau to attract and retain businesses, connect people with meaningful careers and promote the region as a dynamic place to live, work and visit.

“Over the past five years, Lake County Partners has helped drive $1.33 billion in direct investment, creating over 4,600 new jobs and retaining nearly 5,000 jobs, notes Kevin Considine, Lake County Partners’ president and CEO. “Being recognized by Site Selection Magazine as one of the top counties in the country in which to do business is a powerful endorsement of our ongoing commitment to equitable economic development. The honor validates the effectiveness of our efforts to attract and retain businesses, foster innovation, support talent development and build vibrant communities.”

A Legacy of Leadership & Innovation in Lake County Education

, Date: April 30, 2025

Since assuming his role in 2021, Dr. Michael Karner has ushered in transformative thoughts, concepts and programs that are at the cutting-edge of education. As Lake County’s Regional Superintendent of Schools, Dr. Karner has relentlessly pursued opportunities to engage students, shape new career pathways and build a pipeline of talented leaders. The result is a profound and lasting impact on Lake County’s educational system and new partnerships that will ensure its long-term strength. For these many reasons, and the success to come, we proudly honor Dr. Karner with Lake County Partners’ 2025 Talent Development Award.

Building Bridges

In recognizing the critical importance of transparent and efficient communication, Dr. Karner has fortified connections and improved communication between the Regional Office of Education (ROE), local school districts, and the wider Lake County community. Karner created a shared centralized digital platform available to all school district administrators which has streamlined information sharing, fostered collaboration on best practices, and enhanced overall efficiency across the county’s educational leadership.

“It’s been remarkable to watch Dr. Karner forge new partnerships and challenge us all to think big in terms of education,” notes Lake County Board Chair Sandy Hart. “Lake County is well known for its incredible talent pool, and his efforts are going a long way towards developing the skills that young people will need to be successful leaders in and out of the classroom. We are grateful for his profound work ethic and the positive impact that it has had on our community.”

Strategically Managing Resources

Dr. Karner has demonstrated exceptional fiscal responsibility, successfully maintaining a balanced budget for the county without requesting any new funds. This prudent management of resources underscores his commitment to maximizing the impact of existing funding and ensuring the long-term financial stability of the ROE and its initiatives.

“Dr. Karner’s commitment to responsible resource allocation is best exemplified by the successful opening of a new, state-of-the-art facility for the Regional Safe School and ROE Office,” observed Dr. Kelley Gallt, Lake Zurich District 95 Superintendent. “This significant investment has provided an enhanced learning environment for students and staff, which ultimately benefits the entire county.”

Championing Best Practices

Dr. Karner has placed a strong emphasis on creating safe and supportive learning environments and fostering the professional growth of Lake County’s educators. The consistent success of the annual Countywide School Safety Conference over the past four years, culminating in nearly 500 attendees this past year, demonstrates his proactive approach to addressing safety concerns and equipping school personnel with the knowledge and resources they need.

Similarly, the annual Countywide Institute Day for Lake County Educators, which has also been a staple for the past four years and drew an impressive 2800 attendees this past year, showcases Dr. Karner’s dedication to providing high-quality professional development opportunities. Recognizing the critical issue of staffing shortages, he has also championed the annual Countywide Job Fair for Educators, actively assisting local school districts in their recruitment efforts.

Furthermore, Dr. Karner understands the importance of recognizing and celebrating the dedication of educators. The annual Educator of the Year Ceremony, which last year hosted nearly 800 attendees, serves as a powerful platform to honor the outstanding contributions of teachers and administrators across Lake County.

Expanding Opportunities

“Dr. Karner has demonstrated a strong commitment to inclusivity, ensuring that all students have access to high-quality educational opportunities,” said Dr. John Price, North Chicago District 187 Superintendent. “In overseeing Project Search, which is an invaluable internship program for students with disabilities aged 18-22, he has provided crucial real-world work experience that fosters greater independence.”

Additionally, he has championed efforts to improve early childhood education opportunities and enhance resources for students with disabilities across Lake County. The recent launch of the “Birth to 5” Initiative further underscores this commitment to early intervention for all learners, regardless of ability.

Recently, Karner was also successful in bringing the Dolly Parton Imagination Library to Lake County, providing a free book a month for every Birth to 5 student in Lake County.

Pioneering Solutions

Dr. Karner’s leadership has been characterized by a forward-thinking approach, resulting in the creation of groundbreaking initiatives that have extended beyond the boundaries of Lake County. The establishment of the Illinois Virtual Schools & Academy in June 2022, in partnership with the University of Illinois System.

“The Illinois Virtual Schools & Academy is a testament to Dr. Karner’s visionary leadership,” notes Dr. Michael Lubelfeld, North Shore District 112 Superintendent. “This impressive online platform has served over 10,000 students across 251 school districts and 55 counties, providing flexible and accessible learning opportunities and making Lake County a model across the state.”

Another significant innovation is the implementation of 24/7 chat-based tutoring for all PK-12 students in Lake County, a service that will continue until June 30, 2026. This invaluable resource provides students with on-demand academic support, fostering greater confidence and achievement.

Addressing the need for alternative disciplinary approaches, Dr. Karner spearheaded the creation of the BASE Program (Behavior Academic and Social Emotional). This program offers districts a short-term option to provide services to students suspended for 4-10 days, ensuring that learning continues and underlying behavioral and social-emotional needs are met.

Fostering Collaboration

Dr. Karner has actively fostered partnerships and collaborations to benefit Lake County’s schools and students. He partnered with various organizations to offer the Lake County Resource Fair, providing counselors with crucial information about resources available to assist students. His efforts to connect county resources to schools, including the provision of PPE, supplies, and access to vital supports, were particularly critical during challenging times. The impactful initiative of passing out 40 pallets of toiletry supplies to Veterans and Homeless Students in Lake County demonstrates his commitment to addressing the basic needs of vulnerable populations.

Dr. Karner has also actively worked to enhance professional development (PD) opportunities for educators, focusing on critical areas such as Equity, Instruction, SEL, Mental Health, Trauma-Informed practices, Early Childhood education, and MTSS. He has fostered enhanced networking opportunities for professionals across various educational sectors, including Birth to 5, Curriculum & Instruction, ELL, SPED, and School Safety Directors. Serving as the liaison for the National Board of Certified Teachers Cohort in Lake County further supports the professional growth of experienced educators.

Recognizing the importance of proactive safety measures, Dr. Karner created quarterly safety meetings for Lake County schools and implemented a countywide safety application and notification system for school districts. He also spearheaded the creation of a countywide opioid curriculum for K-12 school districts and a countywide agreement for mutual aid between local school districts to strengthen preparedness and response capabilities.

Investing in Legacy

Dr. Karner’s commitment to the future of education is evident in the creation of an Aspiring Leadership Academy for Educators, nurturing the next generation of school leaders. His dedication to expanding opportunities is further reflected in the work to improve preschool opportunities and resources for students with disabilities. His proactive approach during the pandemic, working with the Lake County Health Department to promote the Test to Stay Program, ensured that students could remain in school safely.

Recognizing the financial burdens of pursuing higher education, Dr. Karner forged partnerships with Northeastern Illinois University, Erickson Institute, and other schools to secure tuition reductions and scholarships for all education personnel, their spouses, and students in Lake County.

His exceptional leadership has translated into significant financial support for Lake County’s educational initiatives. He successfully secured $15,000,000 in grant funding from federal, state, and private sources, as well as $1.1 million in ARPA funding from the Lake County Government for work-based learning and mental health. Furthermore, he has secured over $2.4 million dollars for the ROE Foundation, ensuring the sustainability of vital programs and services, such as when ROE filled in the gap to support nearly 600 students who lost their scholarships due to the closure of the Schuler Program.

Demonstrating a profound commitment to the well-being of students and families, Dr. Karner implemented a countywide mental health initiative for free care navigation services (ReferralGPS), available to all students, families, and educators until June 30, 2026. This initiative provides free therapy sessions for students facing income or insurance barriers. To date, nearly 900 sessions have been paid for, and a staggering 20,000 people have utilized the free service.

To prepare students for future careers, Dr. Karner implemented a countywide work-based learning system for high school students called SchoolLinks WBL Platform, which is offered free of charge to high schools; beginning next year, this service will also be free of charge to middle schoolers as well. He also launched Navig8Lake, a countywide exploratory career fair that gives students in 8-12th grade valuable exposure to diverse pathways.

LCP’s 2025 Talent Development Award Winner: Dr. Michael Karner

“In the 4 years since Dr. Karner entered the Regional Office of Education, there has been unprecedented progress and innovation that has gone far beyond meeting the basic needs of students,” notes LCP president and CEO Kevin Considine. Dr. Karner’s visionary leadership, unwavering commitment, and ability to foster collaboration have resulted in tangible and lasting benefits for students, educators, and families across Lake County.”

From enhancing communication and ensuring fiscal responsibility to pioneering groundbreaking programs and securing significant funding, Dr. Karner’s impact is undeniable. He has not only addressed the immediate needs of the educational landscape but has also laid a strong foundation for a brighter and more equitable future for all learners in Lake County. His legacy will undoubtedly continue to inspire and shape the future of education in the region, the state of Illinois and the nation for years to come.

Lake County Partners Gears Up For Another Landmark Big Event

, Date: April 28, 2025

Anticipation is building for this premier gathering of leaders focused on growth and collaboration.

Lake County Partners is excited to announce plans are set for its highly anticipated annual “Big Event,” slated to return to the Lincolnshire Marriott Resort on Thursday, May 1, 2025. Building on a consistent track record of sold-out success, this signature breakfast event will convene hundreds of influential business leaders, key stakeholders, and forward-thinking innovators from across Lake County and the surrounding region.

The Big Event has firmly established itself as the preeminent platform for fostering economic growth, igniting collaboration, and celebrating Lake County’s vibrant business ecosystem. Attendees can expect an energizing atmosphere dedicated to idea exchange, inspiration, and invaluable networking opportunities. The program is renowned for delivering cutting-edge insights into critical economic development trends, and this year promises to be no exception, with keynote speaker Dr. Josh Harris focusing on the tangible effects of housing on overall economics.

“Lake County Partners has become known for this signature event, which is no surprise given the organization’s strength in bringing people to the table to catalyze growth,” notes Steve Madden, CEO of Libertyville Bank & Trust Company, N.A., and outgoing Chair of Lake County Partners Board of Governors. “We have really hit our stride, and I am proud of the impact that we have had in the community. Over the last five years alone, Lake County Partners has fueled $1.43 billion in direct capital investment, driven the creation of nearly 4,000 new jobs, and kept nearly 2,500 existing jobs in Lake County.”

Big Event attendees will honor the tremendous accomplishments of Mr. Madden and usher in new Board of Governors Chair, Dan Joyce, Chief Operating Officer at Bath Concepts Industries.

“Because of Steve’s leadership, Lake County Partners has solidified its reputation as the go-to economic development organization in the northern suburbs,” expressed Mr. Joyce. “As Chair, Steve has been integral in sustaining one of the best economic growth runs in Lake County history, and I am excited to build on his momentum and keep Lake County at the forefront of business innovation.”

Attendees will also receive special insights from Lake County Board Chair Sandy Hart.

“It has been an exceptional year, and we have a lot to celebrate,” notes Lake County Board Chair Sandy Hart. “Lake County’s high quality of life is a reflection of our strong partnerships, homegrown leadership, fiscal responsibility and remarkable work ethic. The Big Event provides an unparalleled opportunity to demonstrate how our collaborative spirit and strategic investments make Lake County a compelling location for businesses to thrive and our communities to prosper.”

One company that has leveraged Lake County’s resources to grow is Fortune Brands Innovations, which recently announced that it will be expanding the company’s headquarters in Deerfield to increase operations and position the company for long-term growth. At the Big Event, the company will be honored with the 2025 Community Investment Award for pledging to create 400+ new jobs.

“We were delighted to find a recently-built campus here in Deerfield, where we can bring FBIN associates from across all our brands and functions into one state-of-the-art new headquarters,” said Fortune Brands Innovations Chief Executive Officer Nicholas Fink. “Illinois is a state with one of the strongest professional labor forces in the nation, and we are excited to tap into its deep talent pool and gather together to innovate for accelerated growth.”

Continuing its tradition of recognizing individuals making significant contributions to the local talent pipeline, Lake County Partners will also present its Talent Advancement Award to Dr. Michael Karner, Superintendent at the Lake County Regional Office of Education.

“From creating a new virtual schools academy, to implementing a countywide mental health initiative to provide free care, launching the Navig8Lake career awareness program, securing millions in funding, and kick-starting events to engage students, I think that our attendees are going to be amazed when they learn about everything he has accomplished since taking office,” notes Lake County Partners president & CEO Kevin Considine. “Dr. Karner is truly a model for this award. He has demonstrated exceptional leadership in forging innovative career pathways, mentorship programs, and initiatives that strengthen the local workforce and create the next generation of talent in Lake County.

The anticipated success of the Big Event underscores Lake County Partners’ commitment to fostering growth, creating new jobs, driving innovation, and enhancing Lake County’s competitiveness. By bringing together diverse stakeholders and thought leaders, Lake County Partners continues to play a pivotal role in shaping the future of the region, helping businesses actualize their full potential, and advancing the community’s economic development goals.

The Big Event is made possible with generous support from the College of Lake County, Gorter Family Foundation, Hunter Family Foundation, Lake County, Old National Bank, Schreiber Philanthropy, Abbott, Comcast, Advocate Condell Medical Center, Bath Concepts Industries, CBRE, Clayco, Great Lakes Construction, Great Lakes Credit Union, JP Morgan Chase, Illinois Manufacturers’ Association, the Lake County Community Foundation, Lake County Workforce Development, Libertyville Bank & Trust, N.A., Lamar Johnson Collaborative, Rosalind Franklin University of Medicine and Science, UCC Environmental, Van Vlissingen and Co., Wirtz Realty Corporation, Five Grain Events and World Business Chicago.

Taking the Pulse of Lake County, Illinois’ Real Estate Market

, Date: April 22, 2025

We are fortunate to have the opportunity to host Lake County’s public sector decision-makers for quarterly workshops, thanks to the support of our partners at Libertyville Bank & Trust Company, N.A., Real estate is always a popular topic, which is why 70+ city managers and senior staff gathered together to get insights on the latest trends in industrial, office, retail and housing.

The panel discussion –featuring insights from Sam Badger at CBRE, Gordon Lamphere at Van Vlissingen & Co, Kevin Micheli at Charles Hall Construction, and Brenden Reedy at Mid-America—was wide-ranging, but a common theme quickly emerged: when the public and private sectors work together, we can leverage key resources like talent, strengthen the community’s economic landscape, and create a dynamic and resilient business climate.

“We are proud supporters of this meeting series as it provides an excellent forum to dissect complex topics, explore best practices, and provide scalable tools that municipal leaders can use to drive economic development,” said Steve Madden, CEO at Libertyville Bank & Trust Company, N.A., North Region Market Head at Wintrust Financial Corporation and Chair of Lake County Partners’ Board of Governors. “This particular meeting was enlightening because it delved into the current state of real estate, while also forecasting changing space needs and shifting consumer preferences. This intel that will keep Lake County and Chicagoland at the forefront of growth.”

Overall, panelists painted a picture of a resilient market in Lake County—one that has adapted to post-pandemic realities, leaned in on its strengths, and confronted challenges. Here are a few of the biggest takeaways:

The Industrial Market: A Consistent Performer

“The industrial sector in Lake County has remained consistent and in-demand, demonstrating robustness both before and after the COVID-19 pandemic,” noted Sam Badger, Senior Vice President at CBRE. “According to recent analysis, the submarket boasts a remarkably low vacancy rate of 4.5%. This figure is notably healthy, indicating strong demand and limited available space compared to many other submarkets.”

While southeastern Wisconsin’s industrial real estate along the I-94 corridor enjoys higher visibility, the Lake County and southeastern Wisconsin markets are comparable in overall size. However, Lake County currently benefits from a tighter vacancy rate, suggesting a particularly strong demand within its borders.

A key differentiator and competitive advantage for Lake County’s industrial market is its specialized and abundant talent pool. Panelists underscored the area’s high quality of skilled labor and work ethic, observing that many businesses view it as a significant community asset. Indeed, Lake County is home to a significant presence of industries like pharmaceuticals, food processing, and high-tech manufacturing. This concentration of skills means Lake County is the preferred location for companies in need of an abundant and highly skilled workforce.

The Office Market: An Evolving Landscape

“Lake County has celebrated a number of office wins in recent months, but the sector is undergoing a significant transformation,” noted Gordon Lamphere, Vice President at Van Vlissingen & Co. “We are seeing demand for conversions, and this adjustment is a positive development as it creates new development opportunities and helps balance supply and demand.”

Furthermore, Lamphere emphasized the crucial role of community in the success of office spaces. He stressed that “no building is an island” and that a consumer-centered approach is paramount. People are motivated to work in environments where they want to be, and it is clear that neighborhood characteristics, walkability, amenities, safety, and access to retail is of the utmost importance.

Fortunately, this has worked in Lake County’s favor as the community has much to offer in terms of vibrant, well-connected office environments that cater to the workforce needs and desires.

Lake County’s office market is also bolstered by the high concentration of Fortune 500s and headquarters. In particular, life science and biopharma are significant economic drivers, and they rely on Lake County’s deep talent pool and top ranked communities and schools.

The Retail Market: Resilience & Refinement

“The retail sector in Lake County has demonstrated remarkable resilience and adaptability in the face of COVID-19 challenges and the subsequent recovery,” reported Brenden Reedy, a Principal at Mid-America Real Estate. “The period of upheaval inadvertently created new opportunities for retail, and the interplay between brick-and-mortar and digitally native brands has been synergistic when it comes to awareness and engagement. Physical presence will always be valuable, as it creates a touchpoint for customers.”

Interestingly, Reedy noted, e-commerce businesses are increasingly recognizing the value of physical locations, with brands like Wayfair, Amazon, Warby Parker, and Vuori expanding their real estate footprint. Post-COVID preferences are also shaping the look and feel of retail, with a growing demand for drive-thru options and a shift towards smaller store formats, even among grocers. There are exciting developments on the horizon, with plenty of opportunities for new players to fill existing gaps in the market.

There is a clear shift in demand towards the suburbs, with Chicago-based brands increasingly establishing a presence in these areas. Residents are also showing a preference for spending time and money closer to home, particularly in activated areas near train lines.

Lamphere corroborated this, citing recent deals where proximity to major transit hubs, specifically within a 5-minute fixed walk, was a crucial factor for site selection, especially when attracting younger talent.

Expect to see convenience, accessibility, and visibility remain critical factors for retail success. The physical condition of retail spaces and the creativity of their design are also crucial for attracting users. In aptly noting that “redevelopment is new development,” Reedy emphasized the trend of older shopping centers being renovated and reimagined to meet contemporary demands and house more service-oriented tenants alongside traditional retail. Communities that adapt to accommodate shifting changes in use will enjoy the most wins.

The Housing Market: Affordability & Density at the Forefront

“Affordability is a chief concern in Lake County’s housing market,” according to Kevin Micheli, President at Charles Hall Construction. “First-time homebuyers are facing significant challenges in entering the market, often being outbid by cash buyers. A substantial portion of the rental market comprises individuals aged 21-31 and empty nesters, indicating a diverse demographic within the multi-family sector that can have a minimal impact on schools.”

Micheli noted that zoning and density regulations are playing a significant role in shaping the housing market, and rising construction costs, inflation and labor will have a major impact. To keep price points competitive, developers are shrinking multi-family units, with the most popular ranging in size from 550 to 700 square feet. Impact fees levied on developers can pose challenges to project feasibility; however, Community Development Block Grants and TIF can be valuable tools for funding improvements, thereby alleviating some of the financial burden on developers.

Lake County is an Opportunity-Rich Market

The region’s skilled talent pool is front and center when it comes to business retention and attraction, and vibrant communities and accessible housing will be critical to ensuring that companies have the workforce they need to grow and accommodate industry changes. The insights shared by panel experts help local leaders tease out these nuances so that they are ready to navigate and succeed in an evolving market.

“Based on this enlightening conversation, it is clear that Lake County’s real estate market is benefitting from forward-thinking, savvy leadership in both the public and private sectors,” summarized Lake County Partners’ Senior Business Development Director Ron Lanz. “When Lake County Partners brings both camps together in this fashion, opportunities abound.”

Click here to connect with us and see how we can help you tap into the unlimited potential of Lake County, Illinois’ real estate market.

2024 Was a Standout Year for Business in Lake County, Illinois

, Date: February 20, 2025

Lake County’s talent and strong mix of industries fueled record growth in 2024, with the year building on one of the best runs of economic development in the county’s history. The year also developed a fresh pipeline of projects in key industries like advanced manufacturing, food packaging, life science, and sustainable energy like us to pursue in 2025.

As a direct result of our work, we helped fuel $251 million in new capital investment and 541 new jobs, and retain 667 existing jobs in Lake County in 2024. We are especially proud to announce that, over the last 5 years, we have also powered $1.33 BILLION in direct investment.

The success is evidence of LCP’s laser focus on outreach strategies that drive results. In recent years, we have fine-tuned our communications to generate leads and nurture new relationships; in turn, we leveraged local resources to help businesses grow and tap into the talent and quality of life for which Lake County is known.

Between all the groundbreakings, ribbon cuttings, award ceremonies, and everything in between, there were plenty of occasions to celebrate in 2024. Here were just a few of the year’s biggest highlights:

MAJOR INVESTMENTS & NEW JOBS DEFINED 2024

T5 DATACENTERS

When T5 decided to invest $2.25 billion in a new data center, it chose Lake County for its well-regarded talent, connectivity and reliable power. Its initial 160 acre site acquisition and 480MW+ of computing power at Grayslake’s Cornerstone Innovation Park represents Lake County’s largest datacenter project to date. The new Grayslake campus is designed to meet the growing demand for large-scale data center capacity in support of cloud and artificial intelligence workloads. Expect additional announcements on this project later this year.

YMER TECHNOLOGIES

After working with LCP to seal the deal, Ymer Technologies relocated from Texas to Lake County and cut the ribbon on a 80,000 square foot HQ facility at 1100 Asbury Drive, Buffalo Grove. Taking advantage of Chicagoland’s unmatched location and exceptional workforce, Ymer produces its cooling technology and thermal management systems for EVs in support of Illinois’ booming clean energy economy.

SYSMEX AMERICA

Medical diagnostic equipment manufacturer Sysmex America, is investing $20.6 million dollars into the company’s Lake County facilities in Lincolnshire and Buffalo Grove to grow its high precision and automation systems and enhance lab efficiency and accuracy. With the addition of 110 new employees and retention of 550 existing employees, this expansion underscores Sysmex’s commitment to the community and dedication to innovation and improving patient outcomes.

THOMAS FOODS

Australian-based Thomas Foods International enters the Midwest meat and seafood market with its acquisition of a 60,000 square foot manufacturing plant at 924 Sherwood Drive in the Village of Lake Bluff. With operations beginning in 2025, this $28 million dollar investment adds 108 employees to Lake County’s workforce.

ZF SERVICES

When assessing the best location for their North American HQ, ZF Services recognized that its existing home at 777 Hickory Hill Drive, Vernon Hills was always the “right place.” Lake County’s exceptional workforce, highly accessible location, robust talent training institutions, and supportive local, county, and state partners secured the retention of ZF’s 250 local employees via a lease renewal on the 290,000 square feet facility.

AZ POLYMERS

In recognizing the value of Lake County’s workforce talent, optical grade plastic manufacturer AZ Polymers acquired its second site in Gurnee to expand its local operations by an additional 75,000 square feet. This $10 million dollar facility will add 10 new employees and serve AZ’s warehouse and distribution needs while simultaneously allowing for installation of a third production line at their manufacturing plant.

BECOME ONE OF OUR SUCCESS STORIES

The good news doesn’t end here. Keep an eye on our social media, blog and news to learn more about growing your business in Lake County, Illinois. We have over 25 years of experience driving economic growth and the resources needed to take your company to the next level. Connect with us to tap into our free services here.

Gracefully Empowering the Next Generation of Lake County Leaders

, Date: January 8, 2025

When Grace Network co-founders Sarah and Ryan Airola turned their attention to Lake County, Illinois, the goal was to apply the same model that they have successfully employed in Chicago since 2021. The nonprofit has been addressing hygiene insecurity by collecting, packaging and providing supplies for kids in need. In the process, the Grace Network (TGN) is boosting their dignity, self-worth and ability to apply themselves and grow.

“Since founding the Grace Network, we have made significant inroads in Chicago, supplying 6000+ students with over a quarter million hygiene products a year through 110 participating schools,” says Sarah. “It wouldn’t have been possible without the support of business leaders and volunteers who have helped us purchase and package the kits and scale up to increase our impact. Lake County has such a strong business base, and so it was a natural progression to expand our efforts into the community. We’ve already had a warm reception and found plenty of partnership opportunities.”

“We have already seen first-hand the impact the Grace Network has made in Lake County,” said Natalie Airola, program manager of community affairs at Northwestern Medicine Lake Forest Hospital. “Our nursing staff got together and participated in a recent packing event, helping to put together hygiene kits for local students in need. It was important for staff to see that healthcare goes beyond a doctor’s office or hospital—having those basic hygiene needs addressed will help to reduce potential health issues and remove the barrier it causes to education for students. We look forward to our continued work with them to help the overall health in our community.”

Now in Phase 2 of its growth, TGN is expanding its care measures even more. “Our expanded 3-year intervention plan includes a new set of activities that will build on what we already do,” Sarah explains. In addition to providing hygiene supplies, TGN is introducing educational activities and has already added laundry services with washers and dryers for student use in 22 schools.

To ensure sustainability for all the programs, “we are working to develop new partnerships and strengthen existing ones at local and national levels,” she adds. TGN is also creating a data collection and evaluation process, to measure whether interventions are meeting mission goals.

Among the new goals? Within the next three years, TGN hopes to add another 40 partner schools, double distribution of hygiene items (including dental care, feminine products, soap, socks and underwear) to half a million in Chicagoland, and implement educational programs designed to raise awareness and demonstrate hygiene practices. “We are aiming for long-term behavioral changes, and hoping to involve parents in these educational programs,” Sarah explains.

“It is difficult for students to reach their educational and social-emotional goals if their basic needs are not being met. The Grace Network helps us address this amongst our students.” Said Preston Kendall, President of Cristo Rey St. Martin.

In early 2024, TGN launched a “care kits” initiative to build and distribute up to 10,000 kits, filled with essential hygiene products, through their school network. Much of their support for this initiative comes from corporate partners looking to host in-office volunteer programming for staff. In November of 2024, TGN surpassed their goal by packing 11,500 kits through corporate partners such as William Blair, Antares Capital, Optiver US & Northwestern Medicine.

“As students mature and learn how to apply themselves, they face many challenges. At the Grace Network, we want to leverage local leadership to alleviate the burden of hygiene insecurity so that the kids can focus on growth opportunities and enjoy the high quality of life for which Chicagoland is known,” Sarah concludes.

Get involved in empowering Lake County youth and shaping the community’s next generation of leaders. Click here to get involved with the Grace Network, and click here to connect with us and learn more about how we can help your business tap into the community and grow.

Lake County’s Recipe For Economic Strength

, Date: September 17, 2024

We have become well known for our Big Event over the years, and several years ago we embarked on a smaller, more intimate celebration with our closest partners, and we titled it “Invested Together.” The evening is a celebration of Lake County’s spirit of collaboration, and a testament to our appreciation for the many partners that make our work to fuel economic development possible. We host exciting groundbreakings, ribbon cuttings and other events all year long, but Invested Together is our opportunity to do what we do best: bring together the public and private sectors to reflect on our wins and inspire us all to build on our strategic work to strengthen Lake County’s economy.

At Invested Together this year, we were thrilled to again celebrate another record-breaking streak of wins. As a direct result of Lake County Partners’ work, we have fueled 4,400 new jobs, retained nearly 4,800 jobs and driven $1.2 BILLION dollars in direct investment in the community over the last 5 years. With plenty of projects in the pipeline, particularly in key industries like life science and manufacturing, sustainability, and energy, we are continuing to build on the momentum this year.

So far in 2024, Lake County Partners’ work has driven $204 million in direct investment—primarily in manufacturing and more recently in datacenter projects.

From the groundbreaking at Midwest Industrial Funds’ new corporate center in Libertyville, to ribbon cuttings at RealWheels, Ymer Technology and major announcements at Henry Broch Foods, Roncadin, Carlson Labs, Nemera and others, the year has been busy.

The result of the activity has been a promising surge in jobs. Last year, Lake County Partners was directly involved in the creation of nearly 800 new jobs, and the retention of over 500 existing jobs. This year, we’re already at an additional 312 new jobs and 259 retained jobs in which we’ve played a direct role. These aren’t just numbers—they are real people with real opportunities, and they’re all contributing to our vibrant, thriving economy.

We are particularly proud to report that several of our most recent wins have included expansions of manufacturers who located in Lake County in just the past few years, such as AZ Polymers. Not to be outdone, our more tenured manufacturers like Polar Wire, ZF Industries and others, also continue to reinvest and expand throughout Lake County.

Lake County’s key industries of advanced manufacturing, technology, and life sciences represents a potent mix of innovation and high-quality jobs. Employers are at the forefront of new trends, and local educational partners are more than keeping pace. Talent continues to be the main consideration for growing businesses, and fortunately, this is where Lake County shines.

Lake County’s success is deeply rooted in its commitment to workforce development. Investment in education and training programs has been pivotal in preparing residents for the job market. Through partnerships brokered by Lake County Partners and Lake County Workforce Development, and the ingenuity of partners at educational institutions like the College of Lake County, the Tech Campus, Rosalind Franklin University and Lake Forest College, we have collectively forged new opportunities to nurture talent, leverage our abundant industry leaders, and bring employers and prospective employees together.

Lake County schools, coupled with a groundbreaking approach to workforce development, high quality of life, deep bench of talent, unique mix of businesses, and commitment to equitable growth have captured the attention of those in Illinois, and outside of it.

Lake County has so much to leverage when it comes to business attraction, and we continue to reach new audiences thanks to the Greater Chicagoland Economic Partnership—formed through an alliance with our counterparts in the region.

None of this would be possible without the support of our investors and the collaborative efforts of our community’s government, business and community leaders. As we have solidified the long term competitiveness of the Chicagoland region, our close ties have been crucial in helping us to address complex challenges—such as housing growth, early childhood education and economic mobility—and leverage our collective strengths to achieve common goals.

The spirit of partnership and innovation that defines Lake County has been a driving force behind Lake County Partners’ accomplishments. By working together, we’ve created a supportive environment where ideas can flourish, businesses can grow, rewarding new jobs can be created, and transformative projects can come to life.

Much of this is owed to community leaders who are responsive, efficient, forward-thinking, financially responsible, and committed to policies and investments that support Lake County’s vibrant municipalities, residents and businesses.

Infrastructure is the backbone of economic development. Each year, local government makes substantial investments in Lake County’s networks through projects aimed at enhancing roadways, supporting public transit, and strengthening connectivity.

Lake County’s transportation system is vast, and it is also state-of-the-art. Roads, bridges, sidewalks and bike paths are part of an incredible network that makes it easy for everyone to safely and efficiently travel in Lake County.

Strategic work plans add resiliency to our systems, address climate change and improve stormwater management systems to reduce flooding on roadways and protect businesses, schools, and homes. The work completed by the Stormwater Management Commission (SMC) not only improves our infrastructure, but it also helps to protect the quality of our water for work and recreation.

Lake County’s environmental stewardship goes hand-in-hand with economic growth. Initiatives focusing on green building practices, energy efficiency, and sustainable land use are at the forefront of local priorities. This is on display with Lake County’s C-PACE partner program, which enables commercial property owners to get 100% financing for eligible improvements such as HVAC, lighting, and solar system improvements in existing buildings and for new construction.

The community has a demonstrated desire to foster healthy buildings and healthy people. Programs like C-PACE and Solar Switch, and initiatives related to healthcare, 211, digital growth and Regional 911 consolidation, guarantee that Lake County remains at the forefront of sustainability and residents and businesses enjoy a higher quality of life.

The future is promising, and we invite you to connect with us to see how we can help you be a part of Lake County’s impressive legacy.

Ymer Technology Celebrates Relocation from Houston to Lake County, Illinois

, Date: August 27, 2024

Ymer Technology, a manufacturer of electric vehicle (EV) components for the heavy equipment industry, the Illinois Department of Commerce and Economic Opportunity (DCEO), Lake County Partners, and the Village of Buffalo Grove, announced the grand opening of its new U.S. headquarters in Buffalo Grove. The company’s $5.7 million investment, bolstered by a Reimagining Energy and Vehicles in Illinois (REV Illinois) agreement, will enable Ymer Technology to produce cooling technology and thermal management systems for EVs while supporting Illinois’ clean energy economy.

“Illinois’ future is electric, and we’re leading the charge and open for business,” said Governor JB Pritzker. “I’m proud to welcome Ymer Technology to our great state. Their cooling technology and thermal management systems will not only enhance our EV supply chain, they will help us make EVs more affordable, create good jobs, and grow our clean energy economy.”

Founded in 2005 in Stockholm, Sweden, Ymer Technology chose to relocate from Houston to Lake County to take advantage of Chicagoland’s unmatched location, industry leaders, and the State’s REV incentive program. This is the first in a series of planned expansions for the company.

“We are thrilled to welcome Ymer Technology to Illinois as they join our thriving clean energy community,” said Lt. Governor Juliana Stratton. “Ymer’s investment is a significant step forward in our journey to create a greener, more equitable future, and we are excited to see the positive impact they will have on our state’s economy and environment.”

The State joined Lake County Partners and other local leaders in taking Ymer Technology leadership and staff on a tour of sites throughout Illinois, and within two weeks the company selected this strategic location in Buffalo Grove. Shortly after opening its doors in Illinois, Ymer Technology CEO Bjorn Afzelius announced that the company has already inked its first deal.

“We completed an exhaustive nationwide search for a new U.S. location,” said Frederik Peterson, the Founder of Ymer Technology. “The Department of Commerce and Economic Opportunity, Lake County Partners, and the Village of Buffalo Grove worked together to support our site selection and assembled an attractive offer that highlights Illinois’ talent, work ethic, favorable climate and vast network of EV leaders.”

“Illinois is a leader in the clean energy economy, and our competitive incentives continue to support companies working toward our shared clean energy goals,” said Kristin Richards, the Director of the Illinois Department of Commerce and Economic Opportunity. “Ymer Technology highlights the REV program at work – the State made the company’s relocation to Illinois seamless and opened the doors to a world-class workforce, friendly business climate, and high quality of life. In turn, Ymer Technology is significantly investing in our community, creating new jobs, and demonstrating potential for future growth in Illinois.”

As the latest company to join Illinois’ innovative EV space, Ymer Technology will provide critical cooling technology to all-battery vehicles. The company is a critical addition to the hundreds of companies across Illinois supplying components to the automotive industry.

“In Illinois, Ymer will find a unique ecosystem of like-minded clean energy companies committed to a sustainable future,” said Intersect Illinois Interim CEO Paulina San Millan. “We’re thrilled that Ymer chose Illinois for its U.S. headquarters, where the state’s access to talent, its central location and infrastructure, and its network of support will allow the company to thrive.”

“Ymer Technology’s investment showcases Lake County’s rich tradition of manufacturing—a $20 billion industry and the largest contributor to our gross regional product,” noted Lake County Board Chair Sandy Hart. “We join the state in prioritizing new jobs and sustainability. Ymer is a global leader in this sector, and we are especially excited to welcome them to our community because their products directly support our goals to reduce carbon emissions, increase renewable energy and address climate change.”

With its commitment to investing $5.7 million and creating more than 30 jobs, Ymer Technology will receive Reimagining Energy and Vehicles (REV) incentives from DCEO. REV provides competitive incentives for EV, solar, renewable and energy storage manufacturers to move or expand in Illinois. A link to the executed REV agreement can be found here.

“I am grateful to the Illinois Department of Commerce and Economic Opportunity, Intersect Illinois, and Lake County Partners for their efforts to find Ymer Technology the perfect home, right here in Buffalo Grove – a regional leader in advanced manufacturing. I’m thrilled that Ymer will bring more jobs to our community, where advanced manufacturing maintains the largest share of our workforce,” said Village President Eric Smith. “BG welcomes Ymer Technology to the community.”

“It’s wonderful to see a company that was founded abroad choose Lake County as its new home, and score a major win as soon as their team settled in,” said Steve Madden, the Chair of Lake County Partners’ Board of Governors and CEO of Libertyville Bank & Trust. “Ymer Technology is a prime example of what happens when Illinois’ strong leaders work together to leverage our nationally-recognized assets and attract new business.”

Illinois is home to more than 1,000 companies across the EV supply chain and has the infrastructure to support continued growth, having invested more than $45 billion in modernizing roads, bridges, airports, ports and universities through 2025. A top-10 producer of engineering, computer science, and precision production talent in the U.S., the State has invested more than $180 million in renewable energy workforce training since 2021 through its Climate and Equitable Jobs Act (CEJA) alone, and works closely with EV manufacturers and community colleges to build the EV workforce of tomorrow.

Your Business Could Be The Next To Celebrate

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