CURRENT ILLINOIS BUSINESS ANALYSIS Rick Surkamer, Co-Chair Illinois Chamber of Commerce Economic Development Council Dr. Jill Kickul Kellstadt Graduate School of Business DePaul University Economic Development Economic Development Council Research Findings Council Research Findings
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CURRENT ILLINOIS BUSINESS ANALYSIS Rick Surkamer, Co-Chair Illinois Chamber of Commerce Economic Development Council Dr. Jill Kickul Kellstadt Graduate.
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CURRENT ILLINOIS BUSINESS ANALYSIS
Rick Surkamer, Co-ChairIllinois Chamber of Commerce
Economic Development Council
Dr. Jill KickulKellstadt Graduate School of Business
DePaul University
Economic Development Economic Development Council Research FindingsCouncil Research Findings
Who are we?
Economic Development Council
Illinois Chamber of Commerce Members Purpose
Illinois Business AnalysisStudy Goals
Identify state government incentives that encourage and support businesses
Explore and suggest new drivers of economic growth that allow organizations to find innovative ways to increase efficiency, lower costs, and improve technological processes
Illinois Business Analysis
Current business optimism
23%
46%
31%
More (23%)
Less (46%)
About the Same(31%)
23%
46%
31%
More (23%)
Less (46%)
About the Same(31%)
Forty-six percent of the Illinois businesses surveyed are less optimistic about the economy of the region served by their organization than they were 12 months ago.
Forty-six percent of the Illinois businesses surveyed are less optimistic about the economy of the region served by their organization than they were 12 months ago.
Study Participants and Methodology Over 160 Illinois businesses Average annual revenues ($78.2
Lower cost via taxes Lower cost via labor Increase market opportunities Increase qualified labor pool Strengthen infrastructure Improve quality of life
Reduce state driven cost of doing business
Illinois Firms Re-locating Outside of State
Workforce
Employment and Training
Operational
Improvements
Financial Assistance
Market
Innovations
0
500
1000
1500
2000
Missed Business Opportunities
Em
plo
yees
(A
vera
ge)
Market and promote existing state programs
Top utilized state programs
Industrial Training Program Enterprise Zone Illinois Skills Match (ISM) Tax Increment Financing (TIF) Economic Development for a
Growing Economy (EDGE)
Market and promote existing state programs
Informational andKnowledge Sharing
Resources in Partnering toFacilitate Implementation
Informational andKnowledge Sharing
Resources in Partnering toFacilitate Implementation