{' '} {' '}
Limited time offer
SAVE % on your upgrade.

Page 1

Trends Report

Fall 2019 Volume 6


Dear Chamber Members, We are pleased to provide your company with the sixth annual Trends Report. This publication is designed to provide our members with information and data that can be used in your daily business decision making. One of the biggest challenges facing all business owners and managers is making the right decisions to grow your companies; expand your products and/or improve your services. Using data, understanding trends, understanding the local marketplace and local demographics can be helpful to your company as you strategically plan for the future of your business.

Table of Contents Workforce....................................4 Education....................................5 Demographics..............................6 Income.........................................7 Population................................8-9 Economy....................................10 Economic Development.............11 Quick Facts.................................12 Research & Development..........13 Real Estate.................................14 Political Association...................15 Agribusiness..............................16 Entrepreneurship.......................17 Tourism.......................................18 Transportation............................19 Recognitions.............................20

Please take time to review the information provided. Our goal is to provide our members with data on an ongoing basis to help your company. Please reach out to us and let us know if we are we missing information that would be invaluable to your particular industry. We want to know what you need in order to help support those gut-made decisions – backed with data. Your feedback is encouraged to LauraW@champaigncounty.org. We hope you find the Trends Publication helpful to your company. Sincerely,

Laura Weis President & CEO

This publication was compiled by Nick Ferguson, intern for the Champaign County Chamber of Commerce.


04

WORKFORCE

Source: US Census Bureau (2018), Forbes (2018), Sperling’s Best Places (2018), OnTheMap Application and LEHD Origin-Destination Employment Statistics.

Recent Job Growth*

Future Job Growth In 10 Years

Champaign County:

Champaign County:

2.23%

32.04%

United States:

United States:

1.59%

33.51%

*as of March, 2019

Unemployment Rate

44,178

workers in Champaign County (53.3% of workforce) are aged

30 to 54

Champaign County:

3.7% United States:

Forbes ranked Champaign the

38th best small place nationally to start a business or career

3.6%

Workforce Readiness is key for every job that requires a master’s degree there are two professional jobs that require a university degree and seven jobs that require a one-year certificate or a two-year degree. An increase in skilled workers could decrease unemployment in the Champaign-Urbana area.


05

EDUCATION

Source: Illinois At-A-Glance Report Card (2019) w(2019)

Student Demographic By District: White: 35.3%

Champaign: Black: 35.5%

Hispanic: 12.2% Asian: 8.7%

Other: 8.4%

White: 87%

Mahomet:

Black: 1.2% Hispanic: 4.5% Asian 1.7%: Other: 5.4% White: 40.7%

Rantoul:

Black: 27.6% Hispanic: 22.5% Asian: 0.8% Other: 8.4% White: 31.4%

Urbana:

Black: 37.4% Hispanic: 14.8% Asian 5.3% Other: 11.1%

White: 93.4%

St. Joseph:

Black: 1.1% Hispanic: .09% Asian 1.3%: Other: 3.3%

4-Year Graduation Rate:

91% 82%

86%

86%

Champaign District

State

Mahomet

87%

86%

Rantoul

81%

86%

Urbana

92%

86%

St. Joesph


06

DEMOGRAPHICS

Sources: US Census Bureau (2018)

Race 6%

2%

11%

White Black Asian

14%

Hispanic Other

67%

Age 13%

6%

Over 65 18-65 Under 18

Marital Status 10%

62%

2%

Married Divorced

51%

Never Married

Sex 50%

Widowed

37%

Under 5

19%

Male

50%

Female


07

INCOME

Sources: Bureau of Labor Statistics (2018)

$28,406

$44,638

Champaign County Per Capita Income

Median Household Income

illinois annual mean wage by occupation OCCUPATION

ILLINOIS

U.S.

Management

$115,580

$121,560

Business & Finance

$75,600

$76,910

Computer & Mathematics

$87,720

$91,530

Architecture & Engineering

$83,730

$87,370

Life, Physical, & Social Sciences

$70,810

$76,160

Community & Social Service

$48,670

$49,280

Legal Occupations

$120,850

$108,690

Education, Training & Library

$55,570

$56,620

Arts, Design, Entertainment

$53,730

$59,780

Healthcare Practitioners/Technicians

$79,760

$82,000

Healthcare Support

$32,250

$32,380

Protective Services

$53,750

$48,580

Food Preparation & Serving

$24,440

$25,580

Building & Grounds Maintenance

$31,190

$30,020

Personal Care & Service

$28,610

$28,090

Sales & Related Occupations

$42,700

$41,790

Office & Administrative Support

$39,280

$38,990

Farming, Fishing & Forestry

$33,640

$30,140

Construction & Extraction

$67,050

$51,220

*Income measured by annual mean wage


08

population

Sources: US Census Bureau (2014, 2018)

Population by county 2018

2017

2016

2015

Champaign

209,983

209,399

208,419

208,861

DeWitt

15,769

15,942

16,226

16,247

Douglas

19,479

19,748

19,630

19,823

13,575

13,736

Ford

POPULATION 13,264 13,280

McLean

172,828

172,290

172,418

173,166

Piatt

16,396

16,445

16,650

16,387

2018 Change +4.1%

-4.8%

Champaign DeWitt

-2.5%

-5.8%

+1.9%

-2.0%

Douglas

Ford

McLean

Piatt

While many communities in Central Illinois and statewide have seen population decreasing, more residents are moving to and staying in Champaign. In fact, according to USA Today, Champaign-Urbana is the fastest growing area in Illinois due to its above average job growth rate and its above average median household income.


09

population

Sources: University of Illinois at Urbana-Champaign Division of Management Information (2018)

Champaign county Students at UIUC 5,000 4,000 4,014 3,164

3,000

2,775

2,000

2,428

2,601

2,489

2,584

2016

2017

2018

2019

1,000 2004

2007

2010

*WHAT THIS MEANS:

Since the peak in 2004, students who are from Champaign County have been on a steady decline at the University of Illinois over the past 10 years. While 2017 did see a slight spike in local Champaign County student enrollment, 2018 shows yet another decline.

uiuc total student population 50,000

51,196 44,542 42,883

40,000

49,339

47,826

43,603

39,120 41,949

30,000 2008

2010 2012 2014 2016 2017 2018 2019


10

Economy

Source: Sperling’s Best Places (2019)

Champaign county taxes Income Tax 5 Percent Property Tax 2 Percent

ce

$

ur

Champa i

r

ev

est arg

County’s l gn

enue so

Sales Tax

City

Urbana Champaign Rantoul Ogden Savoy Saint Joseph

1.50 1.50 1.50 1.50 0.50 1.50

Add

Total

State (6.25%) & County (1.25%)

9.00 9.00 9.00 9.00 8.00 9.00

ILLINOIS

U.S.A.

CHICAGO

AVERAGE SALES TAX

AVERAGE SALES TAX

CITY SALES TAX

8.74%

8.45%

10.30%


11

economic development

Source: The Site Selectors Guild 2015 Membership Survey, Census.gov attributes that best indicate an area’s ability to provide and sustain a skilled and sufficient workforce

CHAMPAIGN COUNTY MSA (metropolitan statistical area) Total Employer Establishments (2017) 4,273 Total Employment (2017) 69,309 Total Annual Payroll (2017, $1,000) 2,939,643 Total Employment, Percent Change (2016-2017)

-0.2%

Total Non-employer Establishments (2017)

12,373

0

10

20

30

40

50

60

ATTRACTIVE COMMUNITY WORKFORCE ATTRIBUTES:

Competitive stregnths expcted to drive domestic and FDI location investment to the US Market Access/Logistics Availability of Skills/Technical Talent Energy Costs Total Operating Costs Low Business Risk IP and Legal Protection

*Attributes that best indicate an area’s ability to provide and sustain a skilled and sufficient workforce

Quality Infrastructure Tax Climate Real Estate

GDP GROWTH IN MILLIONS

BUSINESS GROWTH 4.7%

0

2.3% 0.7%

Champaign

Cook

Will

$8,909

5.2%

Moultrie

10 -1.3%

20

Illinois Avg.

30

40

50

$922

$282 Champaign

60

Cook

Will

70

80

$215 Illinois Avg.


12

Champaign County Quick Facts

Source:US Census Bureau (2018)

2.36

49,586

average persons per household

Median household income

#10

201.8 population per square mile

Champaign-Urbana on the ‘most green cities in the U.S.’ list

top chamber employers University of Illinois at Urbana-Champaign 13,934 Carle and Health Alliance

6,921

Champaign School District

1,664

Christie Clinic Champaign County Government Urbana School District FedEx

916 893 828 815

OSF Healthcare

774

Parkland College

741


research and development

13

Source: University Science and Technology Coalition (2018)

Illinois is one of the most active states for research and development in the nation, ranking eighth in overall R&D, academic R&D and business R&D.

Additionally, Illinois is the sixth largest producer of science, health, and engineering academic articles nationally. Academic research funding yields a high rate of return in Illinois, with the state producing more academic articles per $1 million in funding, compared with the national average.

What This Means As one of the leading counties in Illinois for research and development, Champaign should strive to continue to invoke inspiration and support innovation and the beginnings of new ventures.


14

Real Estate

Sources: Zillow (2019)

Median home value and percent change Urbana

Rantoul

Mahomet

Savoy

$142,500

$119,900

$73,600

$200,500

$217,500

+2.8%

+0.6%

+3.5%

+3.0%

-2.9%

Champaign median home value Median Home Value

% Change in Value Since Past year

St. Joseph

Tolono

Ogden

Philo

Thomasboro

Median Home Value

$167,900

$140,800

$131,700

$150,500

$86,900

% Change in Value Since Past year

+3.5%

+6.3%

+4.6%

+1.8%

-0.4%

home value index of champaign county Median Listing Price: $172,000

141k 135k

130k

124k 2011 2012 2013 2014 2015 2016 2017 2018


15

Political Association Sources: Champaign County Clerk

Primary Elections 2016 PRIMARY ELECTION TOTAL BALLOTS CAST: 59,003 45.0%

Democrat: 32,352 Republican: 26,592

54.8%

Independent/Other: 59 2018 PRIMARY ELECTION TOTAL BALLOTS CAST: 31,574

42.3%

Democrat: 18,201 Republican: 13,367

57.6%

Independent/Other: 6

2018

general Elections

General Election:

4,635,541

Persons Voting Statewide

140,000

134,352 124,057

120,000 100,000

92,842 80,112

80,000

57.23%

Of Eligible Voting Population

2016 Total Registered Voters

2018 Total Ballots Cast


16

Agribusiness

Source: US Census of Agriculture; Illinois Society of Professional Farm Managers & Rural Appraisers (2018)

Land Values Summary By Class $12,000 Excellent

$10,000

Good

$8,000

Average

$6,000

Fair

$4,000

2014

2013 Farmland Classification

2015

Total Value per Acre

2016

2017

Change

2018

Avg. Rent Cost per Acre

from prior yr.

Change

from prior yr.

Excellent

$10,400 - $12,800

5-10%

$360

10%

Good

$7,500 - $10,200

5-10%

$320

10%

Average

$6,500 - $8,200

5-10%

$275

No Change

AL FARM

AV G

T

S

OT

.F

2002: 1,285 2007: 1,389 2012: 1,312

ARM SIZE in acres

2002: 449 2007: 396 2012: 470

ES

M A R K ET V in dollars

UE AL

T.

2002: 132,373

ES

2002: 130,928

2007: 224,235 a g ri

so

lt u

ral

ld

2012: 323,295

c

u

produc

ts

ch

a

in dollars

2012: 376,927 ine

ip

of m

M A R K ET V

UE AL

T.

me t n

2007: 176,444

q ry an d e

u

*WHAT THIS MEANS:

Agriculture is a thriving industry in Champaign County with land values on a steady incline while farm sizes are growing and yields are increasing. In fact, according to the USDA, corn and soybean yields in Illinois are the highest ever on record.


17

Entrepreneurship

Sources: University of Illinois Research Park Website

University of Illinois Research Park incubator Notables:

2,100

Employees

66%

remain in champaign county

71%

remain in ILLINOIS

120

companies

venture capital / private equity:

$1.038 Billion Data from 2018.

BOTTOM LINE Supporting these growth entrepreneurs means positive payoffs when it comes to economic growth and prosperity.


18

Tourism

Sources: Visit Champaign County (2018)

Generates Payroll

2018

2017 2016

2015

increases revenue

Tourism supports local jobs and puts money into the pockets of residents

Champaign County’s visitor industry brings in local tax revnue

3,150

$7.6 M

jobs created

Brought In

3,140

$7.4 M

jobs created

Brought In

2,990

$5.6 M

jobs created

Brought In

2,650

$5.4M

jobs created

Brought In

Increases spending Visitors create millions in direct visitor spending

$420.5 M in direct visitor spending

$404.4 M in direct visitor spending

$380.1 M in direct visitor spending

$330.8 M in direct visitor spending

in 2017, the travel industry generated

$90.6 Million

in wages earned in Champaign, Douglas, Moultrie, and Piatt counties


19

RECOGNITIONS

Sources: Niche (2019), Business Insider (2018), Sperling’s Best Places (2018)

University of illinois

Champaign County

Champaign-Urbana

Among top 20 public colleges in the U.S.

Best county to live in: illinois

Best college town population under 250,000

#13

#4

#2

#6

#10

Most diverse school district in america

Most green cities in america

Unit 4 School District

Champaign

2018-2019 Recognitions 4th

Champaign County Best counties for young professionals in Illinois (Niche 2019)

7th

Champaign County Healthiest counties in Illinois (Niche 2019)

County 15th Champaign Best counties for families in Illinois (Niche 2019) County 23rd Champaign Best Counties for Outdoor Activities in Illinois (Niche 2019)


20

Transportation

Sources: Sperling’s Best Places (2018)

Champaign County Commute mode choice

65.3% 14%

drive their own car alone

other

8.5%

8.0%

4.2%

carpool with others Take Mass transit work from home

The typical American commute has been getting longer each year since 2010. The average one-way commute in Champaign County takes 17.9 minutes. That’s shorter than the US average of 26.4 minutes.

Champaign County Commute Time to Work *WHAT THIS MEANS:

Minutes

30-34 25-29

6.7% 6.0%

20-24

16.7%

15-19

23.0%

10-14

24.8%

6-9 >5

12.2% 3.6%

Transportation and infrastructure are vital to a robust economy. Locally, our transportation system has seen exponential growth, with mass transit ridership and airport departures increasing every year for the past few years and our commute time being well below the national average.


$

Willard Airport

21

Total Estimated Annual Impact to Champaign County

$99.75 M

a 34% increase since 2016

Local Jobs Created:

122

visitors per day a 91% increase since 2016

751 with $30M in annual payroll.

Estimated Taxes Generated

$14M

a 39% increase since 2016

Number of passengers departing from willard airport 109,878

2018 2017 2016 2015

104,596 93,136 91,022


The foundation of business

Support education, workforce and economic development through a tax deductible donation to the Champaign County Chamber of Commerce Foundation, Inc. The Foundation supports its mission by developing strategic partnerships and initiatives with schools, businesses, community leaders and other supporters. Donate Today:

www.champaigncounty.org/chamber-foundation


COMMUNITY

WELCOME

SERVICE

Put your marketing materials in the hands of a new resident before your competition does. The Chamber offers the most cost effective way for your company to build brand loyalty with resident newcomers. • You provide your marketing materials • The Chamber does all the work • You receive demographic information about new residents for future marketing $150 every six months or $250 paid annually. (Discount for annual participation.)

HOW DO I GET SIGNED UP? To take advantage of this program, contact Megan Wendstrand at the Chamber, 217.359.1791 or MeganW@champaigncounty.


Your business Your is ourbusiness business. is our business. With more than 150 years of strength and service, Busey has your backing. With more than 150 years of strength and service, Busey has your backing.

Busey promises to partner with you to help you manage your growing business. Whether you’re Busey promises to partner with you to help you considering your first business account, a loan manage your growing business. Whether you’reto expand or developing a strong account, succession plan,towe’ll considering your first business a loan build a relationship witha you, sosuccession you don’t have expand or developing strong plan,towe’ll handle these difficult financial decisions build a relationship with you, so you don’talone. have to handle these difficult financial decisions alone.

Busey. Your Dream. Our Promise. Busey. Your Dream. Our Promise.

busey.com 217.365.4500

Member FDIC

Profile for Champaign County Chamber of Commerce

2019 Trends Report  

2019 Trends Report  

Advertisement