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2023 Was a Standout Year for Business in Lake County, Illinois

, Date: December 12, 2023

Lake County’s talent and strong mix of industries fueled record growth in 2023, with the year marking one of the best runs of economic development in the county’s history. Lake County Partners celebrated its 25th anniversary with major investments, new partnerships, and the continued implementation of the Comprehensive Economic Development Strategy to support businesses, advance economic mobility, and enhance quality of life. The organization also celebrated president & CEO Kevin Considine’s recognition as a Titan 100, marking him as one of Chicagoland’s top 100 CEOs, for his leadership and dedication to economic development.

All told this year, LCP’s work drove $610 million in capital investment, helped create 786 new jobs and resulted in 512 retained jobs.

“The last 5 years have been incredible from a business and job growth perspective, and 2023 is probably our best year yet” says Lake County Partners’ Director of Business Development Director Ron Lanz. “We have had the honor of working with industry leaders to help them expand in Lake County, and we’ve marked the success with a number of groundbreakings and ribbon cuttings. Heading into 2024, LCP’s project pipeline remains robust, particularly in key industries like advanced manufacturing, life science and sustainable energy. Based on my conversations with business leaders, I’m looking forward to continued positive momentum.”

Between all the groundbreakings, ribbon cuttings, award ceremonies, international delegations and everything in between, there were plenty of occasions to celebrate in 2023. Here were just a few of the year’s biggest highlights:

NEW & EXPANDED BUSINESS WINS DEFINED 2023

REALWHEELS

After working with LCP to seal the deal, RealWheels cut the ribbon on a 65,000 sq. ft. facility at 3905 Route 173 in Zion to accommodate growth, new jobs and additional product development. RealWheels has expanded locally several times over the years. Today, the company has over a dozen U.S. patents, employs 60 people and offers a catalog of products proudly made in the U.S.

CARLSON LABS

In recognizing the value of Lake County’s talent, vitamin and supplements manufacturer Carlson Labs acquired 350,000 sq. ft. for its expanded manufacturing operations at 100-120 Schelter Road in Lincolnshire. This highly-automated facility will retain 50 jobs in Lake County and add an additional 140 to the thriving workforce. 

MIF SPEC BUILDING

Midwest Industrial Funds joined local officials and LCP in celebrating a groundbreaking for the Libertyville 45 Corporate Center, a Class A spec redevelopment on a high-visibility 19-acre site, which will feature two buildings sized 169,065 sq. ft. and 165,234 sq. ft. and have the ability to service a multitude of uses including corporate headquarters, distribution, assembly, and manufacturing.

RONCADIN

Italian pizza maker Roncadin committed to Lake County for its new and expanded US headquarters, manufacturing, and distribution operations via the purchase of a 68,279 sq. ft. building at 220 N. Fairway Drive, Vernon Hills. With full operations starting in early 2024, Roncadin will employ 170 workers at their state-of-the-art facility. 

HENRY BROCH FOODS

At the Big Event, LCP honored food manufacturer Henry Broch Foods with the Community Investment Award for the company’s decision to expand its existing Waukegan headquarters by adding 160,000 sq. ft. of new production, robotic warehouse and distribution space, representing a capital investment of nearly $40 million. As part of the project, the company retained 400 existing jobs, and added 150 new jobs.

NEMERA

Medical device manufacturer Nemera, which produces auto-injectors and syringes in Buffalo Grove, is further expanding in Lake County with the purchase of 190,000 sq. ft. at 600 Darling Drive in Vernon Hills. The facility’s 100 new employees will support production of Nemera’s proprietary ophthalmic products, producing the multidose eyedropper Novelia®. 

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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. 

Three Squared Biosciences Signs On to Grow at Rosalind Franklin University

, Date: November 30, 2023

Rosalind Franklin University of Medicine and Science just announced a new tenant in its Innovation and Research Park: 32 (Three Squared) Biosciences, which builds companies that leverage artificial intelligence to better understand the gut microbiome and uses that knowledge to prevent diseases.

32 Biosciences and its subsidiary companies, Gateway Biome and Covira, signed an agreement, effective Nov. 1, for space within the Innovation and Research Park (IRP). Covira had previously been a member company in RFU’s Helix 51 incubator. Learn more about Covira in this Lake County Partners profile.

A rapidly growing body of research shows that the gut microbiome — a previously unrecognized vital organ — plays a central role in neurodegenerative (Alzheimer’s, Parkinson’s), cardiovascular (hypertension, atherosclerosis), metabolic (obesity, diabetes, non-alcoholic fatty liver disease (NAFLD)) and gastrointestinal (IBD, colorectal cancer) diseases.

32 Biosciences was formed to harness the full potential of Gateway Biome and Covira, spinouts from the University of Chicago.

“We want to support both companies as they move toward commercialization of their technologies,” said CEO Peter Farmakis, MBA. “This distinctive structure drives operational efficiencies and reduces risk, while maintaining scientific focus at Gateway Biome and Covira. We are thrilled to move into our new home in the IRP.”

Covira received notice in late 2022 of a $299,000 NIH Seed Fund Fast Track Award — with the potential for additional milestone payments — for the study “A novel, non-antibiotic, microbiome-directed agent to prevent post-surgical infection.” The company appointed Brian Yoor, former Chief Financial Officer of Abbott, as Chairman of the Board earlier this year, and continues to build the overall team.

Gateway Biome and Covira are rooted in the pioneering research of founders Eugene Chang, MD FACP, director of the University of Chicago’s Digestive Disease Research Core Center, Joe Pierre, PhD, assistant professor of nutritional sciences, UW-Madison, and John Alverdy, MD, FACP, executive vice-chair of the University of Chicago Department of Surgery, chairman of Covira’s Scientific Advisory Board and board member. The companies are translating their discovery science into novel health screening tools and microbiome-based therapies that modulate the gut microbiome to prevent diseases.

RFU Executive Vice President for Research Ronald Kaplan, PhD, said the IRP’s latest tenant is evidence of the university’s commitment to expanding collaboration between academic research and the life science industry to improve prevention and treatment of disease.

“We have watched the rapid progression of 32 Biosciences companies Covira and now Gateway Biome,” Dr. Kaplan said. “We are pleased that they have ‘graduated’ from the Helix 51 Incubator into the IRP.”

RFU completed the final buildout of 14,000 square feet of IRP wet lab and office space for bioscience-industry occupancy in June — helping to meet the growing demand for wet lab space in the Chicago region and creating an environment where academic and industry scientists can work together to solve complex health challenges.

Grow Your Life Science Business in Lake County, Illinois

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A State-of-the-Art 334,229 Sq. Ft. Business Park Begins to Take Shape in Libertyville

, Date: November 7, 2023

Midwest Industrial Funds recently hosted a groundbreaking event with their project team and local government officials to launch their latest high-profile, Class A spec redevelopment – Libertyville 45 Corporate Center which is located at 1850 US 45, Libertyville, IL adjacent to the Libertyville/Canlan Sports Complex. Situated on a high-visibility 19-acre site, the two-building redevelopment consists of 169,065 SF and 165,234 SF buildings which are being constructed on a speculative basis and are suitable for a multitude of uses including corporate headquarters, distribution, assembly, and manufacturing. The high-image pre-cast concrete and glass facilities feature 32’ clear ceiling height, up to 24 dock positions per building, above-standard 372 car parking and up to 4,000 amps of power per building. The buildings are divisible and will be shell complete in Summer 2024. The site was previously a driving range and miniature golf facility owned and operated by the Village of Libertyville.

MIF Construction, LLC is the design-build general contractor for the project with Pinnacle Engineering and Partners in Design providing engineering and design services. The Cushman & Wakefield team of Keith Puritz, Brett Kroner, Eric Fischer, and Marc Samuels are marketing the buildings for lease or sale on behalf of Midwest Industrial Funds.

Justin Fierz, Principal with Midwest Industrial Funds stated, “We are very excited to launch this unique project given the historically low submarket vacancy, supply constraints and continued strong demand for buildings in this size range in Lake County. Our property offers incredible exposure, visibility, and a very high image feel. It is situated in the heart of Libertyville’s industrial market which is home to some very high-profile and large companies. This project has been a true public/private partnership with the village over the last few years to work through many complex development issues all to bring us to today where we have officially broken ground. It is a very challenging time to develop and finance projects like this, and we couldn’t be more proud of our whole team to get it done. We feel great about the timing of this project in the marketplace and our strong pre-leasing activity.”

Libertyville Mayor Donna Johnson spoke at the groundbreaking event as well and stated, “I am thrilled to stand here today with MIF and our Village officials to celebrate Libertyville 45 Corporate Center. Given the project quality, it’s adjacency to recognized industrial, biopharma, finance and corporate operations, and the skilled labor force in proximity, this development is lined up to find success in occupancy. We look forward to this expansion of our business base.”

Steve Madden, CEO of Libertyville Bank & Trust Company, N.A., and Chair of the Lake County Partners Board of Governors, echoed this enthusiasm. “Libertyville sits at the crossroads of critical transportation infrastructure, and this site is at the center of our world-class talent pool. The project is an excellent example of the public-private collaboration for which Lake County is known, and we are eager to help new employers tap into all that our community offers.”

Tap into the Lake County Market to Grow Your Business

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Housing is a Necessary Asset for Economic Growth and Mobility

, Date: October 19, 2023

In order for Lake County to attract and retain residents and businesses, it must have a diverse housing stock that provides options for households at different life stages, ages, incomes, and sizes. It needs a greater diversity beyond owner-occupied single-family detached homes. The lack of housing will limit the county’s ability to attract and retain workers, particularly with an aging population, and projected decline in the working age population.

In recognition of the important role of housing in community building and economic development, Lake County Partners, with support from Lake County Housing & Community Development and Illinois REALTORS®, is pleased to announce the completion of a Housing Analysis report. LCP worked with Kretchmer Associates to conduct a study looking at the demographics of the county (population, household profiles, income, etc.) and our housing stock (number, type, location, etc.) to identify gaps. The analysis is a look at the quantitative and qualitative data on the existing housing landscape and the barriers that exist to meeting our housing needs. The report includes several significant findings.

Between 2018 and 2022, new residential development averaged only 1,200 units per year, well below the near and long-term household projections by ESRI and CMAP. This will result in a significant shortage over time.

Despite modest overall projected growth in the county over the next five years, the projected increase in the number of senior households with incomes $50,000 or over and households under age 65 with incomes $100,000 or over will generate demands for 17,700 market-rate owner and renter units. Given the existing shortage of affordable rental units in the county, there is demand for 7,900 units for seniors and families, especially in the south sub-regions which have limited options.

Housing prices increased at a faster pace than income over the past four years. The share of homes selling for less than $400,000 decreased substantially, while the share that sold for the more than $500,000 almost doubled. Rent increases also exceeded the rate of income growth and inflation.

Despite being an affluent county with a 2022 median household income of $103,000, almost one quarter of all households earns less than $50,000, including in the more affluent south sub-regions.

Countywide, 44,000 owners and 29,000 renters are living in unaffordable housing. While low-income households are most cost-burdened, a sizable number with incomes of $75,000-100,000 are paying over 30% of their income for housing.

Restrictive zoning makes it difficult to build in many parts of the county. Much of the county was developed when large lot single-family housing was the preferred housing type. Education on the need for and benefits of a wider housing mix is needed to address common NIMBY concerns about new development.

Given high land costs in much of the county and increasing construction costs, it is difficult to build new affordable housing without government programs and incentives to developers, or direct subsidies to households. Government funding is limited and it is highly competitive to get. Corporate, foundation, and other support is also needed to serve those with low and moderate incomes, as well as those in the “Missing Middle” range who earn $75,000-125,000.

Redevelopment of former office and retail properties offers an opportunity for infill residential and mixed-use development proximate to jobs and shopping.

Read the full report here, and connect with us here to learn more about our efforts as they relate to the Comprehensive Economic Development Strategy.

Taking A Fresh Look at Chicagoland’s Value Proposition

, Date: October 17, 2023

When the Greater Chicagoland Economic Partnership (GCEP) was established at the beginning of the year, Lake County joined the City of Chicago, Cook County and five other counties across metropolitan Chicago in a united effort, led by World Business Chicago, to take business attraction to the next level on the global stage.

By all measures, the group effort is paying off. In leveraging the region’s incredible competitive advantages—an abundant talent pool, 2nd largest concentration of Fortune 500 headquarters in the country, major growth capital investments, thriving economic sectors, renowned institutions, interconnected transportation and more—GCEP has already has a number of economic development wins under its belt.

“The GCEP asset report and map showcase the unparalleled vitality of the greater Chicagoland region,” said Michael Fassnacht, President & CEO of World Business Chicago. “As the GCEP comprises the city and seven counties, this report provides a unique view of the economic strengths. For site selectors, TV and film scouts, and business leaders eyeing expansion, the report offers the insights needed to make a strong and compelling business case as to why Chicagoland. This is also a must read for residents and local businesses interested in knowing more about our diverse economy, strategic location, and commitment to equitable growth.”

READ THE NEW GCEP ASSET REPORT & MAP HERE

The new report illuminates the strategic and economic strengths that define the Chicagoland region as a nexus for business and innovation, and it has already become an essential resource for site selectors, executives, and entrepreneurs alike. It is broken down into 8 easily-accessible categories, which are underpinned by a few overarching themes:

  • SIZE — Chicagoland is the nation’s third largest economy and is among the top 20 global economies; in fact, its economy is larger than most nations. The Chicago region offers more supply on a scale unmatched by growing or other low-cost areas. Businesses have access to a larger labor pool, customer base, and supply chain than elsewhere in the U.S.

  • DIVERSITY — Unlike other metro areas with strong industry dominance, like tech in the Bay Area or life sciences in Boston, Chicagoland offers the most diverse economy in the U.S. This diversity provides a cushion against economic shocks as businesses and workers can transition more readily to alternative sectors during challenging times. It also enhances the region’s competitiveness on a global scale, positioning Chicagoland to capitalize on global market trends and shifts in demand.

  • INDUSTRY — The Chicago region is the most diverse manufacturing ecosystem in the U.S. — of the 21 manufacturing sub-sectors, Chicago is ranked among the top five of 13, and is among the top 10 of 16. This diversity not only enhances the quality of products and processes but also makes the region a hub for innovation, attracting investment and talent. Moreover, a diverse manufacturing sector is better equipped to adapt to changing market dynamics, reducing vulnerability to economic fluctuations and contributing to the region’s long-term stability and prosperity.

  • INNOVATION — Chicagoland’s tech ecosystem is characterized by a blend of established industries, startups, and research institutions that contribute to its unique identity. The diverse economy provides startups with ample opportunities for collaboration and partnerships, and prestigious universities and research institutions foster a rich environment for technology innovation.

  • RESILIENCE — Chicagoland is poised to weather adverse conditions — physically and economically. Chicagoland has the right combination of diversification, adaptability, environmental policy, and supportive social systems that contribute to an economy’s resilience.

  • COST — Chicagoland has more affordable real estate and cost of living, especially compared to the coasts and similarly-sized, globally-connected metro areas. Businesses have access to a world class ecosystem, at the cost of a tertiary market.

“Lake County Partners appreciated the opportunity to team up with our GCEP partners to produce this fantastic assessment of Chicagoland’s many assets,” stated Bethany Williams, Lake County Partners’ Director of Strategy and Intelligence. “The document reflects our collective goal to provide tailored insights, show off the region’s vibrant economy, foster strategic decision-making, and nurture innovative endeavors. The same unique set of assets that originally put Chicagoland on the map endure and grow stronger with time, inviting future growth and prosperity.”

Review the new GCEP Asset Report & Map here, and connect with us here so we can walk you through the many reasons why Lake County, Illinois is the right location for your next business move.

RealWheels Invests $6 Million To Expand Into 65,000 Sq. Ft. Facility & Create New Jobs In Lake County

, Date: September 26, 2023

RealWheels Corporation joined local leaders and officials together today in celebration of the advanced manufacturing company’s expansion at 3905 Route 173 in Zion, Illinois. RealWheels recently completed the move-in, following its renovation of the 65,000 sq. ft. facility to accommodate continued growth and new product development.

What initially started as a DIY wheel cover project by Founder and President Jan Polka has developed into a thriving business with over a dozen U.S. patents, offering hundreds of products to customers around the world.

“As a former owner/operator of my own Kenworth truck and gravel trailer, I always looked for opportunities to make my vehicle stand out. The cast-spoke wheels weren’t attractive, and I wanted to find a way to dress them up,” said Polka. “I began fabricating my own wheel covers out of my home garage. I got them chrome plated, and they looked great. Other drivers started asking me where they could get them. In response to demand, my wife Sherri and I began manufacturing and marketing wheel covers at night from our home in Lake County. Sherri came up with the name “RealWheels.” I realized that there was nothing like them on the market, and so I applied for and received my first patent. From there, we moved the operation to a 2,500 sq. ft. industrial building and began the first of many expansions. Today, we employ 60 people, and 99% of our products are proudly made in the United States. Lake County has been instrumental to our success. In deciding where to grow, we wanted to stay true to our roots. Zion is the perfect place for our next stage of growth.”

“RealWheels is a true homegrown success story,” said City of Zion Mayor Bill McKinney. “The company’s investment will benefit our community by creating new jobs, providing opportunities for future growth, reactivating the site, and advancing our goal of developing the major intersection at Route 173 and Kenosha Road. It was rewarding to collaborate with our partners at the state of Illinois and Lake County Partners to make this deal happen.”

RealWheels leveraged TIF, EDGE and Enterprise Zone incentives to finance the project.

“The State of Illinois remains committed to supporting new and expanding businesses that will contribute to our world-class workforce, infrastructure, and economy across the state,” said DCEO Director Kristin Richards. “By offering competitive incentive packages, the State is giving homegrown companies like RealWheels the resources and opportunities needed to continue to grow and invest in Illinois.”

“RealWheels’ investment builds on the company’s decades-long contribution to 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. “One out of every six local jobs is in advanced manufacturing, which is more than any other private sector industry. The success is a result of Lake County’s spirit of collaboration, workforce strength and strategic business support. We are honored that RealWheels has once again chosen to grow here.”

“RealWheels is an important name on an impressive roster of businesses that call Lake County home,” said Steve Madden, the Chair of Lake County Partners’ Board of Governors and CEO of Libertyville Bank & Trust. “The company joins other manufacturing leaders like Carlson Labs, Roncadin Pizza, Henry Broch Foods, Diversified Food Services Supply, Encore Packaging and NorthStar Pickles that are planning to expand in Lake County this year. In fact, over the past 8 months alone, Lake County Partners’ business development work has resulted in nearly 700 new jobs, over 500 retained jobs and a whopping $316 million in direct investment—much of it in manufacturing. Based on our outreach, we expect the upward trajectory to continue.”

This is What Strong Economic Development Looks Like

, Date: September 15, 2023

We continue to say it, but it really bears repeating. As measured by job growth and investment, the last five years have been one of the best runs in the county’s history.

Lake County Partners’ wins have really stacked up this year. In the past 8 months alone, our business development work has generated over $316 million in direct investment—the highest amount since we began tracking in 2019.

Incredibly, since 2019, Lake County Partners’ work has resulted in 4,340 new jobs, 4,738 retained jobs and $933 million in direct capital investment.

With plenty of projects in the pipeline, particularly in key industries like life science and manufacturing, sustainability and energy, we forecast a continued upward trajectory. Expect to see us at many more groundbreakings and ribbon cuttings in the months to come.

Along with the success has come the accolades. This summer, CNBC ranked Illinois among the top in the nation for business. CNBC followed in the footsteps of Site Selection Magazine, which named Illinois 2nd in the nation for corporate projects, and Chicagoland the top metro for the 10th consecutive year. This is important, because these data-based acts run counter to the headlines we frequently read.

In fact just a few weeks ago, U.S. News and World Report recognized our schools as being among the best in the nation. The local headlines might as well have been plucked from our promotional material—“Best High Schools in the U.S.: Lake County Schools Lead the Way in Illinois.”

Education truly sets Lake County apart. Our schools are highly skilled at training the next generation of talent, and preparing our students for success. For some, that might mean helping them go on to college. For others, it means creating bold new career pathways.

Lake County has emerged as a leader in Career and Technical Education, putting us at the forefront in Illinois and the nation. We recently conducted a survey of 18 local high schools and found that there are nearly 15,000 high school students participating in Career and Technical Education in fields like manufacturing, healthcare and IT, including over 8,000 in manufacturing. These students are being equipped with the in-demand skills that they need to flourish in the workplace, and they are graduating from high school ready to support themselves and the broader economy.

Lake County schools are stronger because they have support from corporate citizens like AbbVie—the company helped fund the new Neal Math and Science Academy in North Chicago, which opened at the end of last year. This summer, Abbott, Horizon, and the Steans Family Foundation joined iBIO in producing a STEMGirls Camp to encourage 118 local grade-school girls to explore science, technology, engineering and math in Waukegan. These are just a few recent examples of the public-private partnerships that fortify Lake County’s workforce pipeline and bolster key industries like life science.

Last month, Chicagoland ranked among the top 10 biopharma clusters in the U.S. according to Genetic Engineering & Biotechnology News. In fact, the industry’s success in the region spurred the Chan Zuckerberg Foundation to commit $250 million to boosting life science technology in Illinois. At the same time, we’ve seen huge grants awarded to researchers at Rosalind Franklin University to advance cutting-edge medicine.

We can’t applaud our educational systems without acknowledging the huge role that higher education plays in our economy. The homegrown talent coming out of Rosalind Franklin, the College of Lake County and Lake Forest College is a game-changer for local employers, including our major health systems, which were recently ranked among the top in the state by U.S. News and World Report.

We have so much to leverage when it comes to business attraction, and we’re reaching new audiences thanks to the Greater Chicagoland Economic Partnership—formed through an alliance with our counterparts in the region. This summer, the partnership hit its 6-month mark, with plenty of wins under its belt already. This fall, we will be part of a delegation in Japan, where we will fortify our relationships with Japanese companies already in Lake County and create new connections and opportunities.

This year marks Lake County Partners’ 25th anniversary. It’s an incredible milestone, made possible through the support of a long list of investors and partners. We are proud of all that we have accomplished and excited for the future ahead. Most importantly, we stand at the ready to help businesses growth in Lake County, Illinois. Connect with us here if we can help.

New Nursing Program Nurtures Young Talent at Rosalind Franklin University

, Date: August 31, 2023

Lake County Partners is fortunate to work with incredibly skilled education leaders who are training the next generation of talent in Lake County, Illinois. In pursuit of the best way to fortify the local nursing talent pipeline and provide top-quality healthcare to residents, the educators at Rosalind Franklin University of Medicine and Science are charting new paths forward. The following has been contributed by Dr. Sandra Larson, the Founding Dean at the University’s College of Nursing. It is part of an ongoing series of blogs spotlighting Lake County’s strong education system. Learn more about the Rosalind Franklin University of Medicine and Science’s nursing program here.

There’s a problem with the healthcare system in the United States: It’s broken.

We’re focusing on caring for the sickest of the sickest, with almost no emphasis at all on how we predict who might get sick and how to prevent that from happening. We’re treating people after they get sick, instead of offering treatments to keep them healthy.

How do we promote overall social and cultural structures that bring wellness to the community? One key element is making sure people are knowledgeable about how to maintain their own physical and mental wellness. Another huge component in fixing the broken system is now in evidence on the campus of Rosalind Franklin University in North Chicago — a stronger nursing workforce is essential to delivering new models of care.

This process starts with connecting with our high school students, so they can understand the breadth and depth of nursing in today’s culture. One of the biggest challenges we have is that students don’t understand the opportunities that are available to them in the nursing field. We need to be talking with our high school students about all the options the profession has to offer — for example, if they’re passionate about finance, guess what? Nurses use finance. If they’re passionate about data analytics, nurses are digging into the field of analyzing population health data and using it to create new types of models of care. If they’re passionate about psychology, advanced practice nurses are really getting into the field of psychiatric mental health.

Nurses are also working as midwives and anesthetists — and they’re running healthcare organizations as chief executive officers. While everybody knows the word “nurse,” most people don’t know what a nurse’s life looks like beyond what we see on television. There’s just a huge, vast array of opportunities.

Another important point as we look to expand the ranks of nurses both nationally and regionally is that while nursing historically has always been a profession for both females and males, over the last 100 years, and particularly in the United States, it has become a female-dominated profession. We now see that trending back — currently, men make up about 12% of the nursing population. But we absolutely need to expand the number of men in the profession.

Similarly, while we are slowly seeing increases in the percent of nursing students who come from a Latino background, we’re not seeing movement in the percentage of African Americans who are selecting nursing, so we still need to do work on diversity across all different sorts of backgrounds.

The profession also needs to see more nurses graduating with a more advanced degree, because nursing is getting more and more complicated. To really set the graduate up for success, we need to educate them in the full scope of nursing practice. And at Rosalind Franklin University, we philosophically feel it’s most ideal to enter nursing with a Masters of Science degree. According to data from Lake County Partners on the nursing workforce needs, there are roughly 350 unfilled Registered Nurse positions in Lake County alone each year. When you look at unfilled Certified Nursing Assistant positions, it’s closer to 600 unfilled each year.

Rosalind Franklin University realized that we needed to create a College of Nursing to help solve this shortage, and the college was created to help solve the health needs of the community. If you want to have a community that’s healthy, the community needs to be well-educated.

And so what we said was, “If we want to build the College of Nursing, we have to do it with the community, for the community and by the community — because if we do it that way, the healthcare providers that we educate will stay in the community, and they will help the community to become well, to become more healthy.”

A big part of this was reaching out to the community, asking them what they wanted us to build. One of the things they told us they wanted us to build was a nursing pathway program for high school students. They said, “Help us understand why we should consider nursing as a career, and how we get into nursing.”

We then created a high school-level enrichment program as part of RFU’s Influence Student Potential and Increase Representation in Education (INSPIRE) curriculum that welcomes students to the RFU campus and introduces them to the nursing pathway. We worked with three high schools this past year to learn their insights on how to build Nursing INSPIRE — North Chicago, Round Lake and Cristo Rey St. Martin College Prep in Waukegan — and this summer celebrated 12 of their rising seniors for their successful completion of the eight-week program, plus two students from Carmel High School. Next summer, we hope to also welcome students from Highland Park, Waukegan and Zion-Benton high schools, with a goal of doubling the number of students participating.

The INSPIRE program is only one way we can build up the nursing workforce. In 2023, RFU welcomed 40 students into the Master of Science in Nursing for Entry to Nursing Practice program. Graduates will enter the nursing workforce as early as March 2025 as master’s-prepared RNs. We have plans in place to add larger cohorts as the years roll along and resources enable. Doing whatever we can to increase the ranks of highly qualified nurses is not just an economic imperative, it is also a moral imperative.

We can’t succeed if Lake County youth are left behind in terms of achieving a college education. We must reach out into the community and say, “We want you to succeed. You can succeed. And with community awareness of the pathway and access to its community support, many of the financial and social barriers have been eliminated.”

By welcoming our local high school students to become the solution to the challenges facing the healthcare system, we will go a long way toward that connection between building a nursing workforce and building wellness in the community.

Efforts to Build A Regional Economic Development Engine Are Paying Off

, Date: July 31, 2023

This post has been adapted from an Op-Ed submitted to Crain’s Chicago Business by Sandy Hart (Lake County Board Chair), Mike Buehler (McHenry County Board Chair), Deborah A. Conroy (DuPage County Board Chair), Michael Fassnacht (president & CEO of World Business Chicago), Matt Kellogg (Kendall County Board Chair), Corinne Pierog (Kane County Board Chair), Toni Preckwinkle (Cook County Board President), and Jennifer Bertino-Tarrant (Will County executive), and published on July 28, 2023.

In January 2023, we introduced the Greater Chicagoland Economic Partnership — GCEP — as a strategic driver of economic development for the Chicago region. Six months later, on behalf of the seven counties of northeastern Illinois — Cook, DuPage, Kane, Kendall, Lake, McHenry, Will — the city of Chicago and World Business Chicago, we share this six-month update.

GCEP made a significant impact shortly after its launch when it successfully intervened to retain S&C Electric, Chicago’s largest homegrown manufacturer. By preserving more than 300 jobs and paving the way for future growth in Palatine, the partnership showcased its ability to foster a thriving business environment.

GCEP’s ability to connect businesses with the region’s skilled workforce was showcased in a recent pitch to a large out-of-state manufacturer. Now able to swiftly mobilize, the partnership brought together key stakeholders from the City Colleges of Chicago and six community regional colleges, demonstrating Chicagoland’s vast network of resources that support talent solutions.

Last month, we celebrated another resounding win for GCEP, as Lion Electric selected Will County as the site for its cutting-edge manufacturing facility. This decision further solidifies the region’s position as a leader in sustainable technology and the electric vehicle industry. The successful collaboration between Lion Electric and local authorities exemplifies the potential of public-private partnerships in driving economic growth with a strong focus on environmental sustainability.

Our region boasts numerous competitive advantages, making it an ideal destination for businesses to thrive. With nearly 4.9 million individuals in our workforce and the presence of the second-most Fortune 500 companies of any U.S. metro area, our economic diversity sets us apart. Moreover, one-third of growth capital investments in the first quarter of 2023 went to startups located in the suburbs, signaling the robust entrepreneurial ecosystem flourishing throughout the area.

Not confined to a specific locality, population growth and available space are spread across the Chicago region, encompassing a distinct mix of urban, suburban and rural communities. Home to a network of diverse economic sectors and emerging industries, renowned institutions, a leading transportation hub, globally ranked innovation centers and with talent as our most valuable asset, the Chicago region boasts a literal ecosystem of intellectual firepower driving transformative change here and around the world.

We remain committed to addressing disparities that persist in underinvested neighborhoods, communities and businesses throughout the GCEP region. Inclusive and equitable economic development provides the foundation of our mission, ensuring that the benefits of our regional approach to growth are shared by all, particularly historically excluded populations.

HOW CAN YOUR COMPANY LEVERAGE THIS SUCCESS?

We are confident that the GCEP strategy will continue to drive prosperity for the 8.5 million residents of the greater Chicago area, and you can discover how it is helping businesses thrive here. As the non-profit organization charged with leading economic development in Lake County, Illinois, Lake County Partners is directly positioned to provide free tools, connections, incentives and insights to help your business grow. Connect with us here to see how we can help you tap into the wide variety of resources available to businesses in Lake County, Illinois.

CNBC Ranks Illinois Among Top in Nation For Business

, Date: July 25, 2023

CNBC has released its “2023 Top States for Business” publication which ranks states based on 10 broad categories of competitiveness. This year, Illinois ranked in the top 10 in the nation for four categories of competitiveness, and six categories in the top 20. Illinois is ranked the 17th best state for business, rising ahead two spots from the 2022 ranking and up from 30th in the 2019 ranking.

The report ranked Illinois:

• #2 in the nation for infrastructure (up from #3 in 2022)

• #2 in the nation for education (up from #6 in 2022)

• #6 in the nation for access to capital (up from #8 in 2022)

• #9 in the nation for cost of living (up from #20 in 2022)

“I couldn’t be prouder that we’re outpacing more and more states, and now CNBC has ranked Illinois number two in the nation for both infrastructure and education,” said Governor JB Pritzker. “Over the last four years, our Rebuild Illinois Capital Plan has been modernizing our transportation systems. Our higher education institutions have become more affordable and have risen in college rankings. We’ve invested historic levels of funding into early childhood education and K-12 schools which now rank 6th in the nation by US News and World Report. Illinois is improving our economic prospects by focusing on the long term. Here’s to continued improvement in 2024.”

“Illinois stands out as one of the best states in the nation, and as leaders, we know it is the people who make our state so great,” said Lt. Governor Juliana Stratton. “Since day one, our administration has been committed to the work that ensures Illinoisans can thrive so we can go even further together. By investing in our schools, infrastructure, and businesses, we are championing an Illinois that soars to greater heights.”

Through the landmark $45 billion Rebuild Illinois initiative, Illinois has made unprecedented investments to modernize roads, bridges, airports, and ports – resulting in the complete renovation of more than 5,300 miles of highway and almost 500 bridges, as well as more than 750 accessibility and safety improvements.

Illinois has long been known for its superior infrastructure, boasting top freight access, miles of interstate highway, and accessibility to 80 percent of locations in the continental U.S. within four hours through Illinois’ superior airports. Over the next six years, Illinois will invest an additional $13.96 billion to continue its full-scale infrastructure revitalization that will enhance all modes of transportation across the state.

Additionally, the Pritzker Administration has prioritized sustained year-over-year investments in education from cradle to career. Most recently passing Smart Start Illinois, building upon the state’s strong educational foundation by ensuring students have access to high-quality early education for generations to come.

Governor Pritzker’s administration has overseen the largest early childhood investments in state history, totaling in over $1 billion to support early childhood care and education. Smart Start Illinois begins a major push across birth-to-five programs, which includes:

  • Pre-school expansion to eliminate preschool deserts and cover every child
  • Improve early intervention services to allow thousands of children to overcome developmental challenges
  • Enhance Illinois’ nation-leading home visiting program
  • Raises for early childhood workers and providers

Illinois ranks sixth in the nation in K-12 education, with funding being increased this year by an additional $525 million, including $350 million for evidence-based funding and $45 million for the first year of an innovative three-year pilot program to fill teacher vacancies.

Governor Pritzker has also increased MAP Grant and AIM High funding to a record-breaking, all-time high of more than $750 million, making it possible for nearly every eligible student at or below median income to attend community college for free.

“Thanks to Governor Pritzker and the General Assembly, Illinois has stronger business attraction incentives than ever before and the state is building momentum,” said DCEO Director Kristin Richards. “Combined with our world-class infrastructure, superior education system, and a reasonable cost of living, Illinois continues to grow its economy and improve quality of life for Illinoisans.”

In addition to Infrastructure, Education, Access to Capital and Cost of Living, Illinois ranked among the top 20 states for Life, Health, and Inclusion (17th) – which measures quality of life metrics such as health care, worker protection, voting rights and other data points. Illinois also ranked 14th for Technology & Innovation, which looks at the number of patents, research and similar measures.

The positive rankings in key competitive categories come as Illinois is experiencing a record-setting year for economic development, including ranking #2 in the nation for corporate investment and #1 for workforce development in the Midwest by Site Selection Magazine. Illinois also shattered its record for film production spending (nearly $700 million) and reached an all-time high for hotel revenues in FY23.

Additionally, Illinois reached $1 trillion GDP for the first time in 2022 and nearly tripled companies’ capital investments through EDGE agreements from 2019 pre-pandemic levels to $1 billion in 2022.

Over the past several years, Illinois has launched new business attraction incentives while making improvements to its existing suite. Recent programs and improvements to business attraction include:

  • Invest in Illinois Fund: $400 million closing fund provides discretionary grant assistance for large projects with significant job creation and capital investments.

  • Reimagining Energy & Vehicles Illinois (REV Illinois): Up to 100% income tax withholding for new jobs created in the EV/clean energy manufacturing sectors, among other benefits.

  • Economic Development for a Growing Economy (EDGE) Program: With more than $1 billion in investment from companies receiving EDGE credits in 2022, EDGE is Illinois’ premier incentive program. EDGE provides competitive tax incentives to businesses in all industries locating or expanding in Illinois.

  • Data Centers Investment Program: Provides qualifying data center owners and operators with highly competitive exemptions from a variety of state and local taxes.

  • Enterprise Zones (EZ) and High Impact Business (HIB): Enterprise Zones provide various benefits including building material sales tax exemptions, utility tax exemptions (natural gas and electricity), and investment tax credits.

  • Manufacturing Illinois Chips for a Real Opportunity (MICRO): Provides incentives for manufacturers of microchips and semiconductor parts for job creation/retention benefits, training cost benefits, credits for construction jobs, and investment credits.

HOW CAN YOUR COMPANY LEVERAGE THIS SUCCESS?

As the non-profit organization charged with leading economic development in Lake County, Illinois, we are positioned to provide free tools, connections, incentives and insights to help your business grow. The Chicagoland region has celebrated tremendous success and national recognition in recent years, and it is the perfect time to capitalize on the momentum. Connect with us here to see how we can help you tap into resources offered by our partners, including the Illinois Department of Commerce and Economic Opportunity. This post was adapted from this press release.