Quarterly Update Greater Peoria EDC Quarterly Economic Update Q

Transcription

1 Quarterly Update 217 Greater Peoria EDC Quarterly Economic Update Q

2 Regional Performance Employment, Labor, Unemployment as of June 217 Greater Peoria employment increases: Greater Peoria s total employment increased by 1,629 workers from Q1 217 to Q Total employment in Illinois and the US also increased. Greater Peoria unemployment decreases: Greater Peoria s unemployment decreased.96% from Q1 217 to Q The unemployment rate in Illinois decreased.2% and.1% in the US. Greater Peoria labor force increases: Greater Peoria s labor force increased 946 workers from Q1 217 to Q The labor force in Illinois and the US decreased. 15.% 1.% 5.%.% Greater Peoria Unemployment Rates Jun- 1 Oct- 1 Feb- 11 Oct- 11 Feb- 12 Oct- 12 Feb- 13 Oct- 13 Feb- 14 Oct- 14 Feb- 15 Oct- 15 Feb- 16 Oct- 16 Feb- 17 Greater Peoria Illinois USA Greater Peoria Labor Force Jun- 1 Sep- 1 Dec- 1 Mar- 11 Sep- 11 Mar- 12 Sep- 12 Mar- 13 Sep- 13 Mar- 14 Sep- 14 Mar- 15 Sep- 15 Mar- 16 Sep- 16 Mar- 17 GP Labor Force GP Employment 68.% 66.% 64.% 62.% 6.% 58.% 56.% 54.% Labor Force ParWcipaWon Rate Mar- 1 Jun- 1 Sep- 1 Dec- 1 Mar- 11 Sep- 11 Mar- 12 Sep- 12 Mar- 13 Sep- 13 Mar- 14 Sep- 14 Mar- 15 Sep- 15 Mar- 16 Sep- 16 Mar- 17 Greater Peoria USA Sources: Bureau of Labor Statistics Greater Peoria EDC Quarterly Economic Update Q

3 Regional Performance Employment Index By Industry as of June 217 The graphs on pages 2 and 3 show Peoria s MSA growth compared to state and national averages since June 21. Six of the eight major industries in Peoria s MSA saw employment increases from Q1 217 to Q Total Payroll Employment Jun- 1 Dec- 1 Peoria MSA Illinois USA Mining, Logging, and ContrucWon Jun- 1 Dec- 1 Peoria MSA Illinois USA Leisure and hospitality 11% Peoria MSA Share of Employment By Industry, Q2 217 EducaWon and Health Services 18% Government 12% Other 5% Mining, Logging, and ConstrucWon Manufacturing 5% 13% Trade, transportawon, and uwliwes 18% Professional and business Services 14% Financial AcWviWes 4% Trade, TransportaWon, and UWliWes Jun- 1 Dec- 1 Peoria MSA Illinois USA Manufacturing Jun- 1 Dec- 1 Peoria MSA Illinois USA Sources: Bureau of Labor Statistics Greater Peoria EDC Quarterly Economic Update Q

4 Regional Performance Employment Index By Industry as of June 217 (Continued) Financial AcWviWes Jun- 1 Dec EducaWon and Health Services Jun- 1 Dec Leisure and Hospitality Jun- 1 Dec- 1 Peoria MSA Illinois USA Peoria MSA Illinois USA Peoria MSA Illinois USA Government Jun- 1 Dec- 1 Peoria MSA Illinois USA Professional and Business Services Jun- 1 Dec- 1 Quarterly Employment Change By Major Industry Industry Q1 217 Jobs Q2 217 Jobs MSA Empl. Chg. Thousands Thousands No. % Mining, Logging, Construction % Manufacturing % Trade, Transportation, Utilities % Financial Activities % Professional and Business Services % Education and Health Services % Leisure and Hospitality % Government % Total % Peoria MSA Illinois USA Sources: Bureau of Labor Statistics Greater Peoria EDC Quarterly Economic Update Q

5 Regional Performance Average Yearly Wage $7, $6, $5, $4, $3, $2, $1, Logan County $7, $6, $5, $4, $3, $2, $1, Mason County $7, $6, $5, $4, $3, $2, $1, Peoria County Logan Illinois USA Mason Illinois USA Peoria Illinois USA $8, $7, $6, $5, $4, $3, $2, $1, Tazewell County $7, $6, $5, $4, $3, $2, $1, Woodford County $7, $6, $5, $4, $3, $2, $1, Greater Peoria Tazewell Illinois USA Woodford Illinois USA Greater Peoria Illinois USA Sources: Bureau of Labor Statistics Greater Peoria EDC Quarterly Economic Update Q

6 Regional Performance Industrial & Commercial Real Estate as of June 217 Industrial Vacancies Office Vacancies Land Vacancies Q1 214 Q2 214 Q3 214 Q4 214 Q1 215 Q2 215 Q3 215 Q4 215 Q1 216 Q2 216 Q3 216 Q4 216 Q1 217 Q Q1 214 Q2 214 Q3 214 Q4 214 Q1 215 Q2 215 Q3 215 Q4 215 Q1 216 Q2 216 Q3 216 Q4 216 Q1 217 Q Q1 214 Q2 214 Q3 214 Q4 214 Q1 215 Q2 215 Q3 215 Q4 215 Q1 216 Q2 216 Q3 216 Q4 216 Q1 217 Q2 217 Retail Vacancies Total Vacancies Q1 214 Q2 214 Q3 214 Q4 214 Q1 215 Q2 215 Q3 215 Q4 215 Q1 216 Q2 216 Q3 216 Q4 216 Q1 217 Q Q1 214 Q2 214 Q3 214 Q4 214 Q1 215 Q2 215 Q3 215 Q4 215 Q1 216 Q2 216 Q3 216 Q4 216 Q1 217 Q2 217 Sources: Peoria Area Association of Realtors (PAAR) Greater Peoria EDC Quarterly Economic Update Q

7 Regional Performance Industrial & Commercial Real Estate as of June 217 ResidenWal Sales Median Sales $16, $14, $12, $1, $8, $6, $4, $2, $ Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 MSA House Price Change, 3rd Quarter 216-4th Quarter FHFA House Price Index USA.85% 11 1 Illinois.% % Peoria MSA 8 25 Q1 26 Q3 28 Q1 29 Q3 211 Q1 212 Q3 214 Q1 215 Q3 217 Q1-2.5% - 2.% - 1.5% - 1.% -.5%.%.5% 1.% Peoria MSA Illinois USA Sources: Peoria Area Association of Realtors (PAAR) Greater Peoria EDC Quarterly Economic Update Q

8 Regional Performance Airport Passengers & Flights Peoria InternaWonal Airport Passengers Peoria InternaWonal Airport DomesWc Flights Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Regional Performance Cost of Living Index Cost of Living Index Fort Wayne Des Moines St Louis Quad CiWes Peoria Madison Chicago Sources: The Council For Community and Economic Research, Bureau of Transportation Statistics Greater Peoria EDC Quarterly Economic Update Q

9 Greater Peoria EDC Quarterly Economic Update Q

10 GPEDC Performance Business Expansion Projects as of June 217 Business Expansions Completed Jobs Created ProspecWve Projects 219 Goal Goal Completed 26 Created 148 Q1 Q2 Q3 Q ProspecWve AcWve By Sector ProspecWve AcWve By County Agriculture Health Care LogisWcs Manufacturing Other Prof/Tech Retail Related/ Service Logan Mason Peoria Tazewell Woodford Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Business Expansions Completed ( ) Bean's Country Store Justcore Properties LLC Precision Laser Manufacturing Chemtura Lonza Precision Technology Group Chip Energy Methodist College Redbud Ridge Custom Cabinets Crank's Industrial Coating Minonk Bowl RLI Cunningham Candies OneFire Media SMF, Inc. Fugate Instruments PDC SoBrite Technologies Gronsenbach's Grocery LLC Philippi- Hagenbuch Waite Equipment HGS Plaza Lanes, LLC Zimmerman Auto Dealing JIMAX Pops Sweet Shop Greater Peoria EDC Quarterly Economic Update Q

11 GPEDC Performance Business Retention Visits as of June 217 Business RetenWon Visits ( ) 219 Goal 5 Completed Total BRV's By County Logan Mason Peoria Tazewell Woodford Total BRV's By Sector Total Achieved 219 Goal Greater Peoria EDC Quarterly Economic Update Q

12 GPEDC Performance Business Retention Visits as of June 217 Business Visits in 217 ACES Enterprises G & D Integrated Peoria Lynch Aluminum ADM Havana GIVSCO Construction Company Maple Lawn Homes Advocate Eureka Hospital GSS Machining Midwest Perma Column Alcast Company Hanley Steel Minonk Chocolate Company Ameren Hawk Energy Solutions Morton Automatic Electric Co American Tire Distributors Illini Concrete Morton Industries Attollo Illinois American Water OSF Health Care Bard Optical Iron- A- Way LLC Parson Company Beck's Hybirds ISHPI Pioneer Industrial Park, Inc. Bell Enterprises IVP Plastics Pioneer Railroad Services, Inc. Bill Gatliff & Associates JC Screenprinting Precision Planting Warehouse Cast Technologies JM Industrial Supply Raber Packing Company Comprehensive Prosthetics and Orthotics JT Fennel Peoria Roanoke Concrete Country Comfort Retirement Home JT Fennell Chillicothe SCSI, Inc. Daniel Mfg. Kemp Manufacturing SMF, Inc. Dynegy Keystone Tri- City Machine EB Buildings & Lumber Co LaserPro of Peoria Waite Equipment ELECSYS Division Lights by H&H Xantus Products Farnsworth Group Linco Precision Greater Peoria EDC Quarterly Economic Update Q

13 GPEDC Performance Economic Gardening as of June 217 Economic Gardening ( ) 219 Goal 25 Completed Company Economic Gardening Completions Company Description Calihan Pork Processing Dust Control Technology ITC, Inc. Kemp Manufacturing OneFire Food Processing Improves Industrial Air Quality Custom Metal Machining Precision Metal Machining Marketing Consultant Greater Peoria EDC Quarterly Economic Update Q

14 GPEDC Performance Manufacturing Network as of June 217 Network Members Bid OpportuniWes New Sales Secured 219 Goal Goal Goal 1 Actual 16 Actual 6 Actual Integris Group Kemp Manufacturing Enercon Engineering, Inc. Caterpillar Inc. G&D Intergrated Premier Fabrication, LLC CGN & Associates Phillipi Hagenbuch Network Members R.L. Lewis Industries, Inc. Quality Metal Products, Inc. Durre Brothers Welding & Machine Shop, Inc. Advanced Technology Services, Inc. SMF, Inc. Metamora Industries, Inc. Advanced Technology Services (ATS) Komatsu, Inc. Greater Peoria EDC Quarterly Economic Update Q

15 GPEDC Performance Business Attraction as of June 217 Projects Completed Jobs Created 219 Goal Goal 75 Completed 6 Created AcWve Projects Projects AcWve By Sector Q1 13 Q Q1 Q2 Q3 Q Greater Peoria EDC Quarterly Economic Update Q

16 GPEDC Performance Rural Development as of June 217 Rurual Community Visits By County in 217 Roundtable Anendance By County Logan Mason Peoria Tazewell Woodford Logan Mason Peoria Tazewell Woodford Technical Assistance Grant Assistance 6 Data Tools Greater Peoria EDC Quarterly Economic Update Q

17 GPEDC Performance Startup Greater Peoria as of June 217 Businesses Launched Jobs Created 219 Goal Goal 15 $4, Launched 31 Created Nest Membership Q1 215 Q2 215 Q3 215 Q4 215 Q1 216 Q2 216 Q3 216 Q4 216 Q1 217 Day Pass Full Time Evenings/Weekends Office Total Greater Peoria EDC Quarterly Economic Update Q

18 GPEDC Performance Startup Greater Peoria as of June Startups Launched 24Wave NEX Machine 36 Yield Center Natural Fiber Welding Alluvian Notionovus AutonomouStuff Oakford Group Bump Boxes Onefire Chip Energy Pixel Predictive Cydalion PopXFit DevBright Scious EatandEvolve ServeTeck Filterly Stumari Finish Line Planner Tada Fugate Drums Unit Trac Lux [Galesburg] Virtual Halo Mobile Mount VirtuSense Modern Thrive ZG3 Systems My Fit Dog Greater Peoria EDC Quarterly Economic Update Q

19 GPEDC Performance Greater Peoria Pathways as of June 217 Manufacturing Expo & Tours (Student Anendance) Manufacturing Expo & Tours (Educator Anendance) 219 Goal Goal 15 Total Anended ( ) 245 Total Anended ( ) Manufacturing Expo & Tours Anendance By County ( ) Peoria Tazewell Woodford Mason Logan Greater Peoria EDC Quarterly Economic Update Q

20 GPEDC Performance Peoria Pathways as of June 217 Internsips Created Internships Placed Internship Placement Sites 219 Goal Goal Goal 125 Created 49 Placed 7 Placement Sites Peoria Public Schools Career Cruising Use 219 Goal 1% 1th Graders 85% 9th Graders 85% 8th Graders 91% % 1% 2% 3% 4% 5% 6% 7% 8% 9% 1% 11% Greater Peoria Works Employer ParWcipaWon Manufacturing Healthcare IT Other * % of students to complete their career matchmaker Peoria Tazewell Greater Peoria EDC Quarterly Economic Update Q

21 GPEDC Performance Live Greater Peoria as of June 217 Live GP Users Q1 216 Q2 216 Q3 216 Q4 217 Q1 217 Q2 Number of People Presented To 217 Goal 48 Anended Greater Peoria EDC Quarterly Economic Update Q