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  • greaterpeoriaedc.org | 309-495-5910

    Focus Forward Greater Peoria

    A Comprehensive Economic Development Strategy Update Greater Peoria Economic Development Council A Five Year Strategy 2015 - 2019

  • Focus Forward GP

    Table of Contents

    A Comprehensive Economic Development Strategy Update Greater Peoria Economic Development Council A Five Year Strategy 2016 - 2020 1

    Table of Contents .......................................................................................................................................................................... 1

    Greater Peoria Economic Development Council Board of Directors ................................................................................................ 1

    Focus Forward GP CEDS Strategy Committee ................................................................................................................................. 2

    Acknowledgements ....................................................................................................................................................................... 3

    Executive Summary ....................................................................................................................................................................... 3

    Focus Forward GP and Greater Peoria Economic Development Council ........................................................................................................................................ 3 Focus Forward GP Economic Growth Strategy .......................................................................................................................................................................................... 5 Key Economic Industries ................................................................................................................................................................................................................................... 5

    Manufacturing ................................................................................................................................................................................................................................................... 6 Healthcare........................................................................................................................................................................................................................................................... 6 Logistics ............................................................................................................................................................................................................................................................... 6 Agri-business and Agri-science .................................................................................................................................................................................................................. 6 Professional and Technical Services ........................................................................................................................................................................................................ 7 Asian Carp Market: An Emerging Market Opportunity ..................................................................................................................................................................... 7

    About this CEDS .................................................................................................................................................................................................................................................... 7 Section 1: Summary Background............................................................................................................................................................................................................... 7 Section 2: SWOT Analysis ............................................................................................................................................................................................................................. 8 Section 3: Strategy Direction/Action Plan ............................................................................................................................................................................................. 8 Section 4: Evaluation Framework ............................................................................................................................................................................................................. 9

    Section 1: Summary Background .................................................................................................................................................. 10

    Regional Overview ............................................................................................................................................................................................................................................ 10 Regional Analysis ............................................................................................................................................................................................................................................... 11

    Population ....................................................................................................................................................................................................................................................... 11 Economy ........................................................................................................................................................................................................................................................... 15 Industry Cluster Analysis .......................................................................................................................................................................................................................... 20 Workforce Movement ................................................................................................................................................................................................................................. 31 Transportation Access ................................................................................................................................................................................................................................ 33 Natural Resources ........................................................................................................................................................................................................................................ 34 Foreign Trade ................................................................................................................................................................................................................................................. 35 Innovation ....................................................................................................................................................................................................................................................... 36

  • Focus Forward GP

    Forecast Growth ................................................................................................................................................................................................................................................. 39 Section 2: SWOT Analysis ............................................................................................................................................................. 42

    Section 3: Strategy Direction/Action Plan ..................................................................................................................................... 49

    Focus Forward GP Vision................................................................................................................................................................................................................................. 49 Focus Forward GP Key Goals ......................................................................................................................................................................................................................... 49 Goal 1: Act Regional .......................................................................................................................................................................................................................................... 49

    Act Regionally Objectives & Strategies ................................................................................................................................................................................................. 49 Goal 2: Expand Economic Performance .................................................................................................................................................................................................... 50

    Expand Economic Performance Objectives & Strategies .............................................................................................................................................................. 50 Goal 3: Improve Human Capital .............................................................................................................................................................................