Our Business Development Director, Ron Lanz, recently shared his insights on Lake County’s economy with the Lake County Workforce Development Board and Job Center of Lake County IL. Here are his takeaways, featured in a recent Chicago Tribune piece:
💡 2024 was a strong year for growth in Lake County and Chicagoland
💡 Unemployment remained stable, slightly down from 2023, and lower in Lake County than in surrounding communities
💡 Technology and life sciences continue to be 2 of the strongest sectors, and food manufacturing is on the rise
💡 The transportation, distribution and logistics industry saw a 4.3% jump from 2023
💡 Lake County’s talent and workforce training programs attract growing businesses
💡 Since 2020, Lake County has celebrated $1.3 billion in new capital investments, the retention of nearly 5,000 jobs, and the creation of more than 4,600 jobs as a result of our work.