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Rockford Area Economic Development Council

Phone: (815)987-8118
Fax: (815)987-8129

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Rockford, Illinois, USA - Rockford Area Economic Development Council

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  • June 2016

President's Newsletter June 2016


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Presidents Newsletter - header blue-Updated

My Perspective – Letters to the Rockford Region

What’s Up With Property Taxes
This visual depiction of property taxes is part of the work from the Rockford Area Economic Development Council’s Leadership Council. A part of the team’s goal is educating our region on the challenges our community faces with regard to low/dropping Equalized Assessed Value.
READ MORE >>>


The RAEDC and the Rockford Region
The RAEDC, as the Economic Development Agency for the region is also the data collection agency on all new capital investment in the area, retained and created jobs, and new or renovated space. As we enter into our Rockforward20/20 strategic plan, we will be informing all of you on project wins for our region as well as projects that we are working on with our various regional partners.

 Measurements

Regional Impact Measurements
These figures represent the collective successes during the new Rockforward20/20 campaign. The campaign began in January 2016 and will continue through December 2020.

The results shown below are for the first 6 months of the 60 month Rockfordward20/20 strategic plan.

Rockfordward20/20 Economic Indicator Progress for June 2016
Two project wins were recorded in June for the Rockford Region. The retention of the Winnebago County division of a national manufacturing company, with the potential for increased investment in its facility, and the expansion of a food processing company which is expected to create 15 jobs initially with additional growth anticipated within two years.
* This figure has been amended since the May 2016 President’s Newsletter to more accurately reflect the new or renovated space.


Regional Economic Measurements
These figures represent data from May 2016.

General Measurements Q2-2016


Website Measurements
These figures represent data from April 1 – June 30, 2016.

Website Metrics Q2-2016

 RAEDC Updates

Succession Planning is Success Planning
The future isn’t a sure thing and leaving the destiny of your company to chance isn’t the best way to ensure success. The RAEDC hosted a succession planning event featuring subject matter expert Lisë Stewert, founder of Galliard, Inc., a consulting service for family-owned and closely-held businesses.
READ MORE>>>

Retail Therapy
The Rockford Area Economic Development Council’s primary mission is to cultivate opportunities for primary job growth that increase the economic well-being of our region. Retail is a very important component to our community and local economy as it generates a tremendous amount of tax dollars for our local municipalities.
READ MORE>>>

Rise of the Rest
Jimsi Kuborn, Vice President of Investor Relations recently nominated Rockford for the Rise of the Rest, an opportunity for a local entrepreneur to win $100,000. The Rockford Register Star caught up with her to discuss the opportunity.
READ MORE>>>

How Levies are Calculated
(Part 2 of a series with Rockford Area REALTORS)
A tax levy is the amount of money a taxing body budgets to cover their mandated service that needs to be raised from real estate taxes for that year. There is a process that is used by each taxing body and when this is complete the levy is transmitted to the Winnebago County Clerk.
READ MORE>>>

The Board of Success
Business owners of small to medium sized companies can leverage advisory boards to support business growth through effective decision making. Advisory boards may have a broad focus and provide feedback on general business decisions.
READ MORE>>>

 Regional Wins

Mortenson Selected to Lead the Largest Construction Project in Rockford History
Mortenson Construction will be serving as the builder for Mercyhealth’s new $485 million healthcare project in Rockford, IL. Construction on the project broke ground June 6, with both facilities scheduled for substantial completion in January, 2019.
READ MORE>>>

WNIJ Interviews UTC Aerospace Systems
Chase Cavanaugh from WNIJ News spent some time with UTC Aerospace Systems to find out what makes Rockford, IL an aerospace powerhouse.
READ MORE>>>

WNIJ Interviews Brent Johnson from Midwest Aero Support
Have you heard the interview on WNIJ with Brent Johnson, president & owner of Midwest Aero Support? If not, you should!
READ MORE>>>

 Regional Good News

International Business Developer, Linnea Bengtsson to Continue Her Work in Rockford, IL
The County of Skaraborg, Sweden, has approved continued funding for an additional three-year period, beginning in 2017, for the International Business Developer position serving as a liaison between the Rockford Region, Madison, WI and Lidköping and the County of Skaraborg, Sweden.
READ MORE>>>

Savant Capital Management Named as One of the 2016 Best Places to Work in Illinois
Savant Capital Management announced today that it has been named as one of the 2016 Best Places to Work in Illinois. The awards program began in 2006.
READ MORE>>>

No Hesitation: Investment in Rockford Region Made Strategic Sense 
RAEDC Chairman of the Board, Sagar Patel discusses why there was no hesitation when selecting the Rockford Region for expansion with REJournals.
READ MORE>>>

 RAEDC Events

Annual Meeting & Dinner: Wednesday, November 16th

Rockforward-the sky is the limit

Slide 1The Annual Meeting and Dinner has been confirmed for Wednesday, November 16th at Giovanni’s Restaurant & Conference Center. The RAEDC Board of Directors and Staff are proud to welcome Mr. David Storch, Chairman, President and Chief Executive Officer of AAR, as the keynote speaker.

AAR is a leading provider of diverse products and value-added services to the worldwide aviation/aerospace and government/defense industries.

AAR_logoSponsorship opportunities are available. For more information contact Jimsi Kuborn, Vice President of Investor Relations at 815-969-4259 or JKuborn@RockfordIL.com.


Principal Sponsor

Alpine Bank Blue w tag-LR

Keynote Presenting Sponsor

OSF_HealthCare_k_word

Premier Sponsors
Baker Tilly, First Northern Credit Union, Mercyhealth, Meridian, Nicor Gas, PCI Pharma Services, Inc., Woodward

 Rockforward20/20

Rockforward20/20 represents a bold vision for our future, this aggressive plan will cultivate opportunities to create and retain over 10,000 jobs and significantly increase capital investment in the region.

Learn more at RockfordIL.com/Rockforward2020. If you have not set up a brief meeting to explore how you can get involved, contact Jimsi Kuborn at 815-969-4259 or jkuborn@rockfordil.com.

Rockforward_2020

 New Rockforward20/20 Investors

The RAEDC welcomes these new investors to Rockforward20/20

  • Bourn & Koch, Inc. – Bourn-koch.com
 The RAEDC

The RAEDC often works behind the scenes due to the confidential nature of business projects. Plus, big deals take time: The average time from start to completion on the 24 project wins in 2015 was 329 days.

We are committed to persistence and continuity in our work: We market the Rockford Region to the world, influencing companies to locate or expand here. We support and promote growth within targeted industries through regional public-private collaboration. We assist prospective and existing companies by connecting them to resources for workforce development, available buildings, supply chain partners, incentives and more.

Together, we will continue the momentum into 2016 for an even stronger, more sustainable economy. Together, we will Trailblaze, Inspire Action, Align, Seed and Serve!
Mike Signature - Informal

Michael Nicholas, President
MNicholas@RockfordIL.com


ABOUT THE RAEDC

The role of the Rockford Area Economic Development Council (RAEDC) is to collaborate with regional stakeholders to cultivate opportunities for primary job growth that increase the economic well-being of our region. The RAEDC markets the region to attract new capital investment, while assisting existing business with resources for sustainable growth. The RAEDC works closely with many partners to improve the competitiveness of the region by taking what it learns from the region’s employers and engaging the community in the daily work of economic development. As the economic development organization for the region, the RAEDC also serves as the area’s data collection agency on all new capital investment, retained and created quality jobs, and renovated commercial/industrial space.


Rockford Area Economic Development Council
100 Park Avenue, Suite 100, Rockford, IL 61101 |  information@rockfordil.com
T: 815.987.8118 |  www.RockfordIL.com

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