Will CountyThe next GlobalTrans Center
2004 Report to Investors
Message from the Chairman What an exciting time to be part of Will County and the CED. We continue to be one of the fastest growing areas in not only Illinois, but also the Nation, and are rapidly becoming one of the primary growth engines in the State of Illinois. 2004 was a year where the CED not only focused on our core initiatives, but also looked towards the future on how we manage our tremendous growth. For example, one of our key initiatives was starting to position Will County as a Global Transportation Center. According to our recently completed Target Industry and Workforce Analysis, Will County is ideally positioned to become a Global Transportation Center. We already have all the elements available in Will County: • Fully integrated transportation and industrial center; • Rail, highway, water, air and intermodal services; and • Industrial land with improvements in place. All this can be used to attract target industries and can improve operating efficiencies for existing local industries. Many of our marketing initiatives will continue branding Will County as a Global Transportation Center. Another initiative that we constantly focus on is our infrastructure component. Approval of the southern extension of I-355 as part of a ten year capital plan by the Illinois State Toll Highway Authority was a huge step to move Will County forward into the future. The extension provides quick access to and from the northwest suburbs while providing Will County with a new corridor of opportunity. A special thanks to so many business and political leaders who helped make this happen. One of our core initiatives continued to be business development and expansion. We helped inject $200 million of capital investment, 3.9 million square feet of space, while creating 1,926 jobs through relocation, expansion and retention assistance to many companies. So, it has been an exciting year in Will County, both for what has occurred and what is yet to come. All has been accomplished, not by one man or woman, but the collective effort of many. It was and will continue to be the hundreds of business leaders throughout Will County who are the stakeholders, the visionaries, the risk takers, the facilitators for change, and all with one common purpose……to make Will County the best place to live and work in America! It has been my great privilege to serve as your chairman as we celebrate the accomplishments of this past year, but equally important, as we plan for the future.
Edward J. Dollinger 2004 Chairman
2004 Executive Committee and Board of Directors EXECUTIVE COMMITTEE Edward J. Dollinger Chairman Edward Jones Investments James D. Waters Vice Chairman Caterpillar Inc. Robert F. Filotto Secretary/Treasurer Filotto Financial Services Ltd. Michael W. Hansen General Counsel Michael W. Hansen, P.C. Mark D. Bass Chairman – Economic Development Committee Mark Bass Chevrolet Jeffrey L. Brickman Provena Saint Joseph Medical Center Randy Chapman The Herald News Joe Domenico Harrah’s Joliet Casino John E. Greuling President & CEO Will County CED Hon. Joseph Mikan Ex-Officio County of Will Paul Pawlak Silver Cross Hospital Jeff Pfeiffer Argosy’s Empress Casino Hotel Joliet Kevin T. Reardon Emeritus Harris Bank Joliet N.A. Michael F. Rittof Chaiman – Investor Relations Committee Founders Bank Robert A. Rogina Chairman – Government Affairs Committee Rogina Engineers & Surveyors James M. Roolf Immediate Past Chairman First Midwest Bank J.D. Ross Chairman – Workforce & Education Committee Joliet Junior College
David L. Ruttle McKeown, Fitzgerald, Zollner, Buck, Hutchison & Ruttle Hon. Arthur Schultz Ex-Officio City of Joliet Frank Turk, Jr. Turk Furniture Darren W. Woods ExxonMobil Joliet Refinery
Mike Hanrahan Midwest Generation Michael D. Hennessy The United Way of Will County Rev. Dr. Craig Herr First Presbyterian Church of Joliet Jeffrey Hettrick ComEd Bishop Joseph L. Imesch Roman Catholic Diocese of Joliet
DIRECTORS Christopher J. Adler Chairman – Diplomats Committee J.L. Adler Roofing and Sheet Metal, Inc. Matthew Alexander Raceway Associates Daniel S. Bilicki Nanophase Technologies Corporation Richard Brandolino Will County Board Kenneth A. Carlson Tracy, Johnson & Wilson Jim Coats Chairman – Joliet Region Chamber of Commerce & Industry Bank One Richard P. Duran Will County Regional Office of Education Patricia A. Fera Will County Workforce Investment Board Laurence G. Foy Merchants and Manufacturers Bank Br. James Gaffney, FSC Lewis University Robert R. Gorbold Dykema Gossett Rooks Pitts PLLC Mel A. Gray, Jr. Modern Builders Industrial Concrete Company Michael Grubermann Chairman – Will Economic Network Committee Village of Monee
Tom Joyce Braidwood Generating Station Dr. Theodore M. Kanellakes Allergy & Asthma Clinic S.C. Robert G. Klein Award Emblem Manufacturing Company, Inc. Gregory G. Kuhn Dow Chemical Company Richard Kwasneski Joliet Arsenal Development Authority Rudy Mahalik, Jr. Poehner, Dillman & Mahalik Sean P. Maher CenterPoint Properties Carmen Morales Nicor Gas Reed Mott Chairman – City Center Partnership Printing Craftsmen of Joliet, Inc. Terrence P. Ruettiger Ruettiger, Tonelli & Associates, Inc. Mark J. Smith Citgo Petroleum Corporation Ronald J. Stonitsch Stonitsch Construction, Inc. Dr. Michael J. Vinciguerra University of St. Francis Hon. Gerald C. “Jerry” Weller United States House of Representatives
Investors 2004 Thank You
The Board of Directors and the staff thank our investors for providing the resources to carry out the CEDâ€™s mission of attracting and retaining jobs for Will County.
A & R Transport Inc. Adler Roofing and Sheet Metal, Inc. Aerotek Airy's, Inc. Al's Steak House J.S. Alberico Construction Co., Inc. Allergy & Asthma Clinic S.C. Anderson and Shah Roofing Associate Pathologists of Joliet Award Emblem Manufacturing Co. Inc. Bank of Shorewood Baron's Designs-Hair,Skin,Body Barrett Hardware & Industrial Supply BASF Corporation Mark Bass Automotive Group Baxter and Woodman, Inc. Beecher Economic Development Authority Berlinsky Scrap Corporation The Birches Blackburn-Giegerich-Sonntag Funeral Home, Ltd. BMW Constructors, Inc. Bolker Realty Braidwood Generating Station, Exelon Nuclear Thomas Braun, DDS, MS Brieser Construction Co. Thomas A. Buchar & Associates DRH Cambridge Homes, Inc. Campbell Studio Catellus Development Corp. Caterpillar Inc. Catholic Charities Caton Commercial Real Estate Group CenterPoint Properties Chemstress Consultant Company Chicago Title Insurance Co. Chignoli Auto Sales Inc. Child Care Resource & Referral CITGO Petroleum Corp. Citiwaste, Inc. Clifton Gunderson, LLP Coldwell Banker Honig-Bell Columbian Agency Comcast Corporation ComEd - Southern Region Commercial Electronic Systems Concrete by Wagner Inc. Mr. Keith Conroy Coldwell Banker Commercial Contractors Association of Will & Grundy Counties Cornerstone Services Len Cox & Sons Excavating Kemlite Company, Inc. Crowther Roofing & Sheet Metal D Construction Inc. Ms. Rosalie D'Andrea, Coldwell Banker Honig-Bell D'Arcy GMC Buick Oldsmobile Davis Machine Inc. DeGeus and Klafter DeVry University Diageo North America, Inc. Diversified CPC International, Inc. The Dow Chemical Company Dunkin' Donuts Midwest Distribution Center DykemaGossett Rooks Pitts PLLC A.G. Edwards & Sons, Inc. Elens & Maichin Roofing & Sheet Metal Inc. Elgin Joliet & Eastern Railway Elliott Electric Inc. Argosy's Empress Casino Hotel Joliet Expert Optics, Inc. ExxonMobil Joliet Refinery Fabrizio, Hanson and Peyla Dr. Fagan & Dr. Lazzarotto Drs. Talbot and Smith, Family Dental Care, Ltd. Fazio Insurance Filotto Financial Services Ltd First Midwest Bank First Presbyterian Church Founders Bank Village of Frankfort Mark Fritz, M.D., Ltd Gallagher Asphalt Corporation The Gammon Group GCG Financial General Motors Parts Distribution Center Genie Temporary Services Goodwin & Assoc Real Estate LLC Governors State University Robert E. Hamilton Consulting Engineers, P.C. Michael W. Hansen, P.C. Hanson Professional Services Inc. Harbour Contractors, Inc. Harrah's Joliet Casino Harris Bank Joliet N.A. Hatch Family Trust Healy, Bender & Associates Inc Mr. David J. Henderson, Coldwell Banker Commercial The Herald News Hutchison Engineering, Inc. Hygieneering Services Inc. Illinois Department of Employment Security Illinois Securities Company inBlue Technologies Indeck Energy Services, Inc. Independent Forms Services Indicom Electric Company Industrial Developments International Inc. INEOS Silicas Americas, LLC Inland Electric Corporation Interstate Warehousing Inc. Jacob & Hefner Associates, PC The Jacob Henry Mansion Jewel-Osco - Jefferson St. Jewel-Osco - Larkin Ave. Johansen & Anderson Inc. Joliet Area Historical Museum Joliet Arsenal Development Authority Joliet Cabinet Company Joliet Catholic Academy Joliet Country Club Joliet Dodge Inc. Joliet JackHammers Joliet Junior College Joliet Medical Group, Ltd. Joliet Park District Joliet Township High School District 204 Edward Jones Investments Kane, McKenna and Assoc., Inc. Tyco/Kendall Healthcare Kimball Hill Homes Knowles Construction Co. Krockey, Cernugel, Cowgill, Clark & Pyles Lakewood Homes, Inc. LaSalle Bank N.A. C.R. Leonard Plumbing & Heating Co., Inc. Lewis University The Lombard Company Village of Manhattan John Manner Insurance Agency Manpower Inc. Markelz Office Products Martin Cement Company Martin Whalen Office Solutions Inc. RSM McGladrey, Inc. McKeown, Fitzgerald, Zollner, Buck, Hutchison & Ruttle Merchants & Manufacturers Bank Midwest Generation Modern Builders Industrial Concrete Co. Village of Mokena Village of Monee Moore Glass Inc. Nanophase Technologies Corp. National City Bank National Electrical Contractors Assoc. Eastern Illinois Chapter New Century Federal Credit Union Village of New Lenox Next Media Group, LLC Nicor, Inc. NITEC Communications Inc. Northern Builders, Inc. NuMark Credit Union Oestreich Sales & Service Inc. Paine/Wetzel ONCOR Int'l Panattoni Development Company Paul & Mike's Transmissions, Inc. Peotone Bank & Trust Company Pepper Construction Company Pizzuti Plainfield Construction Co. Village of Plainfield Plumbing, Heating, Piping & Refrigeration Contractors Association Poehner Dillman & Mahalik Inc. The Polivka Group, LLC Prairie Bank & Trust Co. Prairie State College Prairie Trail Credit Union Pridestaff Priority Staffing, Ltd. Provena Saint Joseph Medical Center Providence Catholic High School Quality Quickprint Inc. Raceway Associates LLC Rand's-Tara's Cards & Gifts Inc. ReMax Realty of Joliet-Mark Turk ReMax Realty-Rosemary West Rendel's GMC Inc. Rogina & Associates, Ltd. Roman Catholic Diocese/Joliet Ruettiger, Tonelli & Associates, Inc. Russ + Carlson Architecture Ryan Companies SBC Schuld Inc. Serena Concrete, Inc. Silver Cross Hospital Joliet Area of SMACNA Inc. James V. Smith & Associates Smith Engineering Consultants Charles A. Southcomb & Assoc. Spherion Steve Spiess Construction, Inc Stanton Architects, Inc. Starcon International, Inc. Steel Building Systems Company Stofan Agazzi & Company Stonitsch Construction, Inc. Strand Associates, Inc. Stromsland & DeYoung Architects, Inc. Drs. Sweetnam & Associates TCB Development Corp. Third Order of St. Francis Three Rivers Construction Alliance Three Rivers Education for Employment System Timm Electric Inc. Toyal America Inc. Tracy, Johnson & Wilson Trinity Services, Inc. Troy Township Office Turk Furniture United Way of Will County University of St. Francis USAA Real Estate Company Vector Pipeline/Enbridge Energy Wadsworth Golf Construction Wermer, Rogers, Doran & Ruzon Westaff Westfield Shoppingtown Louis Joliet Bill Wilhelmi Blacktop Inc. Will County Local Development Co. County of Will Will-Grundy Center for Independent Living City of Wilmington Wilton Industries, Inc. Winner's Edge Realty Inc. Work Force Services Division of Will County Greater Joliet Area YMCA
2004 Project Highlights Economic Development • Assisted 15 companies locate, expand or stay in Will County producing 1,926 jobs, $200 million in new capital investment in 3.9 million square feet. • Responded to 500 requests for information about Will County that were not directly prospect related, reflecting the CED’s stature as a one-stop business information center.
Companies Located • TNT Logistics: third party logistics operation for Michelin tires, in Monee • DSC Logistics: third-party logistics operation for Unilever Best Foods North America, in Elwood • Chicago Tube & Iron: corporate HQ plus fabrication and distribution facility for steel tubing, pipe, bar, valves & fittings, in Romeoville • Advanced International: manufacturer of holiday decorations, in Steger • Florstar Sales: corporate HQ plus distribution center for floor coverings, in Romeoville • Moulding and Millwork: woodwork and trim shop, in New Lenox • Corporate Express: distributor of office products, in Joliet • Autobahn Country Club & Race Track: private club for racing enthusiasts featuring 3.5-mile race course on 320 acres—will also be leased to car clubs and performance driving schools, in Joliet • US Cellular: inbound call center, in Bolingbrook • Prater Industries: manufacturer of particle reduction equipment, in Bolingbrook
Companies Expanding • IMPO Glaztile: distributor of ceramic tile, in Tinley Park • Mack Truck: distribution center, in Joliet • Wilton Industries: distributor of bakeware and kitchenware, in Romeoville • Sanyo Logistics: distributor of electronic equipment, in Elwood
Companies Retained • Huck Fasteners: assisted in transitioning to new ownership, retaining 280 jobs, in Park Forest
Investor Relations • Created new position—Vice President-Investor Relations— to focus full time on investor issues • Geographically broadened the investor base • Created new bookkeeping/invoicing system to improve efficiency for investors • Held first annual CED barbecue for investors, attended by 120 people • Held two suite receptions at Joliet JackHammer baseball games for potential investors, drawing 80 people • Engaged communities to partner with the CED in hosting three Economic Eye Opener breakfasts that drew 190 people
I-355 Extension is Approved!
Government Affairs • Illinois State Toll Highway Authority approved capital plan including extension of I-355, the CED’s top transportation priority • Partnered with Will County on developing plan to build and operate South Suburban Airport • Hosted a meeting of the Will County legislative delegation with Illinois Transportation Secretary Tim Martin to press for highway improvements in Will County • Facilitated effort to expand the Des Plaines River Valley Enterprise Zone • Position Statements - Opposed expansion of casino gaming in the south suburbs - Expressed concern about the viability of proposals to build new hospitals in the county - Supported medical malpractice reform - Opposed proposed merger of mass transit agencies, Northeastern Illinois Planning Commission and the Chicago Area Transportation Study
Report designed by The Gammon Group
GlobalTrans Center Will County’s Future A significant finding in the Target Industry and Workforce Analysis, prepared for the CED and the Workforce Investment Board, by Cushman & Wakefield is that Will County already possesses the assets to become a GlobalTrans Center, an emerging trend in logistics
Why Will County? Why is Will County positioned to become a GlobalTrans Center? The first reason is location. Chicago is a hot market for industrial development and Will County is where it’s happening in the Chicago region. Secondly, Will County is blessed with a network of interstate highways, connections to all of the major Class 1 freight railroads, a working river connecting the Great Lakes to the Gulf of Mexico, and proximity to O’Hare and Midway airports. Will County was also selected as the site of the third airport to accommodate commercial and cargo aviation growth in the Chicago region.
BNSF GlobalTrans Centers are regions that offer multiple modes of transportation infrastructure and the ability to integrate them with industrial development. There aren’t very many in the world today and
Will County’s most important asset as an international logistics hot spot, however, is the Burlington Northern Santa Fe Railroad (BNSF) intermodal yard at CenterPoint Intermodal Center. Here, consumer goods from the Pacific Rim arrive in Will County for distribution or rail connections to eastern markets. In just two years, the BNSF operation propelled Chicago into becoming the world’s third largest intermodal container port behind Singapore and Hong Kong.
they take years to develop.
What it takes Clearly, Will County has what it takes to be a GlobalTrans Center in the international distribution of products. Branding Will County as such is the CED’s marketing priority.
116 N. Chicago Street, Suite 101 • Joliet, IL 60432-4204 815.723.1800 • fax 815.723.6972 • 1-888-723-7773 www.willcountyced.com
This report provides an update on growth in the area as well as recent work done by the Center for Economic Development.