quarterly update 2017 - greater peoria edc · bard optical jc screenprinting pioneer industrial...

Greater Peoria EDC Quarterly Economic Update | Q3 2017

Quarterly Update 2017 Greaterpeoriaedc.org • (309) 495-5910

2 Greater Peoria EDC Quarterly Economic Update | Q3 2017

Regional PerformanceEmployment, Labor, Unemployment as of September 2017

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

Sep

-10

Jan-

11

May

-11

Sep

-11

Jan-

12

May

-12

Sep

-12

Jan-

13

May

-13

Sep

-13

Jan-

14

May

-14

Sep

-14

Jan-

15

May

-15

Sep

-15

Jan-

16

May

-16

Sep

-16

Jan-

17

May

-17

Sep

-17

Greater Peoria Unemployment Rates

Greater Peoria Illinois USA

160000

165000

170000

175000

180000

185000

190000

195000

200000

Sep

-10

Jan-

11M

ay-1

1S

ep-1

1Ja

n-12

May

-12

Sep

-12

Jan-

13M

ay-1

3S

ep-1

3Ja

n-14

May

-14

Sep

-14

Jan-

15M

ay-1

5S

ep-1

5Ja

n-16

May

-16

Sep

-16

Jan-

17M

ay-1

7S

ep-1

7

Greater Peoria Total Employment

GP Employment

160000

170000

180000

190000

200000

210000

220000

Sep

-10

Jan-

11M

ay-1

1Se

p-1

1Ja

n-12

May

-12

Sep

-12

Jan-

13M

ay-1

3Se

p-1

3Ja

n-14

May

-14

Sep

-14

Jan-

15M

ay-1

5Se

p-1

5Ja

n-16

May

-16

Sep

-16

Jan-

17M

ay-1

7Se

p-1

7

Greater Peoria Labor Force

GP Labor Force GP Employment

40.00%

45.00%

50.00%

55.00%

60.00%

65.00%

70.00%

Sep

-10

Jan

-11

Ma

y-1

1

Sep

-11

Jan

-12

Ma

y-1

2

Sep

-12

Jan

-13

May

-13

Sep

-13

Jan

-14

May

-14

Sep

-14

Jan

-15

Ma

y-1

5

Sep

-15

Jan

-16

Ma

y-1

6

Sep

-16

Jan

-17

Ma

y-1

7

Sep

-17

Labor Force Participation Rate

Greater Peoria USA

Greater Peoria employment

decreases: Greater Peoria’s

total employment decreased

by 2,507 workers from Q2

2017 to Q3 2017. Since, the

end of Q1 2017 employment

has dropped 878 workers.

Total employment in Illinois

decreased and US employment

increased.

Greater Peoria unemployment


unemployment decreased

1.01% from Q2 2017 to Q3

2017. Since, the end of Q1

2017 unemployment

decreased 1.14%.

Unemployment in Illinois has

remained the same and US

unemployment has decreased

from Q2 to Q3.

Greater Peoria labor force


labor force Q2 2017 to Q3

2017 by 4,343 workers. Labor

force during this time also dropped in Illinois and US.

Sources: Bureau of Labor Statistics (BLS)


Regional PerformanceEmployment Index By Industry as of September 2017

90.0

95.0

100.0

105.0

110.0

115.0

Sep

-10

Ma

r-11

Sep

-11

Ma

r-12

Sep

-12

Ma

r-13

Sep

-13

Ma

r-14

Sep

-14

Ma

r-15

Sep

-15

Ma

r-16

Sep

-16

Ma

r-17

Sep

-17

Total Payroll Employment

Peoria MSA Illinois USA

80.0

90.0

100.0

110.0

120.0

130.0

Sep

-10

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

Sep

-17

Mining, Logging, and Contruction


Mining, Logging, and

Construction5%

Manufacturing13%

Trade, transportation,

and utilities18%

Financial Activities

4%

Professional and business

Services14%

Education and Health

Services17%

Leisure and hospitality

12%

Government12%

Other5%

Peoria MSA Share of Employment By Industry, Q2 2017

80.0

90.0

100.0

110.0

120.0

130.0

Sep

-10

Ma

r-1

1

Sep

-11

Ma

r-1

2

Sep

-12

Mar

-13

Sep

-13

Ma

r-1

4

Sep

-14

Mar

-15

Sep

-15

Ma

r-1

6

Sep

-16

Ma

r-1

7

Sep

-17

Manufacturing


85.0

90.0

95.0

100.0

105.0

110.0

115.0Se

p-1

0

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

Sep

-17

Trade, Transportation, and Utilities


The graphs on pages 2 and 3 show

Peoria’s MSA growth compared to

state and national averages since

September 2010.

Six of the eight major industries in

Peoria’s MSA saw employment

increases from Q2 2017 to Q3 2017.



Regional PerformanceEmployment Index By Industry as of September 2017 (Continued)

Quarterly Employment Change By Major Industry

Industry Q1 2017

Jobs Q2 2017

Jobs MSA Empl. Chg.

Thousands Thousands No. %

Mining, Logging, Construction 8.6 8.7 0.1 1.15%

Manufacturing 22.5 22.7 0.2 0.88%

Trade, Transportation, Utilities 31.9 31.9 0 0.00%

Financial Activities 7.6 7.5 -0.1 -1.31%

Professional and Business Services 24.8 24.5 -0.3 -1.20%

Education and Health Services 31.1 28.9 -2.2 -7.67%

Leisure and Hospitality 20.2 20.0 -0.2 -0.99%

Government 21.4 21.2 -0.2 -0.93%

Total 168.1 165.4 -2.7 -1.61%

80.0

90.0

100.0

110.0

120.0

Sep

-10

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

Sep

-17

Financial Activities


80.0

100.0

120.0

140.0

Sep

-10

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

Sep

-17

Professional and Business Services


85.090.095.0

100.0105.0110.0115.0120.0

Sep

-10

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

Sep

-17

Education and Health Services


80.090.0

100.0110.0120.0130.0

Sep

-10

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

Sep

-17

Leisure and Hospitality


85.0

90.0

95.0

100.0

105.0

Sep

-10

Ma

r-1

1

Sep

-11

Ma

r-1

2

Sep

-12

Ma

r-1

3

Sep

-13

Ma

r-1

4

Sep

-14

Ma

r-1

5

Sep

-15

Ma

r-1

6

Sep

-16

Ma

r-1

7

Sep

-17

Government




Regional PerformanceAverage Yearly Wage

$-

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

2010

Q1

2011

Q1

2012

Q1

2013

Q1

2014

Q1

2015

Q1

2016

Q1

2017

Q1

Peoria County

Peoria Illinois USA

$-

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

2010

Q1

2011

Q1

2012

Q1

2013

Q1

2014

Q1

2015

Q4

2016

Q1

2017

Q1

Tazewell County

Tazewell Illinois USA

$-

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

2010

Q1

2011

Q1

2012

Q1

2013

Q1

2014

Q1

2015

Q1

2016

Q1

2017

Q1

Woodford County

Woodford Illinois USA


$-

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

2010

Q1

2011

Q1

2012

Q1

2013

Q1

2014

Q1

2015

Q1

2016

Q1

2017

Q1

Logan County

Logan Illinois USA

$-

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

2010

Q1

2011

Q1

2012

Q1

2013

Q1

2014

Q1

2015

Q1

2016

Q1

2017

Q1

Mason County

Mason Illinois USA

$-

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

2010

Q1

2011

Q1

2012

Q1

2013

Q1

2014

Q1

2015

Q1

2016

Q1

2017

Q1

Greater Peoria

Greater Peoria Illinois USA


Regional PerformanceIndustrial & Commercial Real Estate as of September 2017

0

10

20

30

40

50

60

70

80

Q1

201

4

Q2

201

4

Q3

201

4

Q4

201

4

Q1

201

5

Q2

201

5

Q3

201

5

Q4

201

5

Q1

201

6

Q2

201

6

Q3

201

6

Q4

201

6

Q1

201

7

Q2

201

7

Q3

201

7

Industrial Vacancys

0

50

100

150

200

250

Q1

201

4

Q2

201

4

Q3

201

4

Q4

201

4

Q1

201

5

Q2

201

5

Q3

201

5

Q4

201

5

Q1

201

6

Q2

201

6

Q3

201

6

Q4

201

6

Q1

201

7

Q2

201

7

Q3

201

7

Office Vacancys

0

20

40

60

80

100

120

140

Q1

201

4

Q2

201

4

Q3

201

4

Q4

201

4

Q1

201

5

Q2

201

5

Q3

201

5

Q4

201

5

Q1

201

6

Q2

201

6

Q3

201

6

Q4

201

6

Q1

201

7

Q2

201

7

Q3

201

7

Land Vacancys

0

20

40

60

80

100

120

140

160

180

200

Q1

201

4

Q2

201

4

Q3

201

4

Q4

201

4

Q1

201

5

Q2

201

5

Q3

201

5

Q4

201

5

Q1

201

6

Q2

201

6

Q3

201

6

Q4

201

6

Q1

201

7

Q2

201

7

Q3

201

7

Retail Vacancys

0

100

200

300

400

500

600

700

Q1

2014

Q2

2014

Q3

2014

Q4

2014

Q1

2015

Q2

2015

Q3

2015

Q4

2015

Q1

2016

Q2

2016

Q3

2016

Q4

2016

Q1

2017

Q2

2017

Q3

2017

Total Vacancys

Sources: Peoria Area Association of Realtors (PAAR)


Regional PerformanceIndustrial & Commercial Real Estate as of September 2017

0

200

400

600

800

1000

1200

1400

1600

1800

2013 2014 2015 2016 2017

Residential Sales

Q1 Q2 Q3 Q4

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

2013 2014 2015 2016 2017

Median Sales

Q1 Q2 Q3 Q4

80

85

90

95

100

105

110

115

120

20

05 Q

1

20

05 Q

3

20

06 Q

1

20

06 Q

3

20

07 Q

1

20

07 Q

3

20

08 Q

1

20

08 Q

3

20

09 Q

1

20

09 Q

3

20

10 Q

1

20

10 Q

3

20

11 Q

1

20

11 Q

3

20

12 Q

1

20

12 Q

3

20

13 Q

1

20

13 Q

3

20

14 Q

1

20

14 Q

3

20

15 Q

1

20

15 Q

3

20

16 Q

1

20

16 Q

3

20

17 Q

1

FHFA House Price Index


0.18%

1.62%

3.19%

0.00% 1.00% 2.00% 3.00% 4.00%

Peoria MSA

Illinois

USA

MSA House Price Change, 3rd Quarter 2016- 4th Quarter

2016

Sources: Peoria Area Association of Realtors (PAAR), Federal Housing Finance Agency (FHFA)


Regional PerformanceAirport Passengers & Flights

Regional PerformanceCost of Living Index

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

2012 2013 2014 2015 2016 2017

Peoria International Airport Passengers

Q1 Q2 Q3 Q4

0

500

1000

1500

2000

2012 2013 2014 2015 2016 2017

Peoria International Airport Domestic Flights

Q1 Q2 Q3 Q4

89.2 90.8 91.4 94 96.2106.4

123.5

0

20

40

60

80

100

120

140

Des Moines Fort Wayne St Louis Quad Cities Peoria Madison Chicago

Cost of Living Index

Sources: The Council for Community and Economic Research, Bureau of Transportation Statistics


GPEDC PerformanceBusiness Expansion Projects as of September 2017

Business Expansions Completed (2015-2017) 4B Components Ltd IVP Plastics LLC Precision Laser Manufacturing

Bean's Country Store Justcore Properties LLC Precision Technology Group

Chemtura Lonza Redbud Ridge Custom Cabinets

Chip Energy Methodist College RLI

Crank's Industrial Coating Minonk Bowl SMF, Inc.

Cunningham Candies OneFire Media SoBrite Technologies

Fugate Instruments PDC Waite Equipment

Gronsenbach's Grocery LLC Philippi-Hagenbuch Zimmerman Auto Dealing

HGS Plaza Lanes, LLC JIMAX Pops Sweet Shop

28

25

0 5 10 15 20 25 30

Completed

2019 Goal

Projects Completed (2015-2017)

152

1000

0 250 500 750 1000 1250

Created

2019 Goal

Jobs Created (2015-2017)

2

13

5

8

1

16

9

1

5

12

02468

1012141618

Logan Mason Peoria Tazewell Woodford

Projects Active By County

Q1 Q2 Q3 Q4

10 12

2415

29 27

17

0

20

40

Q1 Q2 Q3 Q4

Active Projects

2016 2017

3 31

12

3 2

5

2 2 2

15

4

11

9

31

3

0

5

10

15

20

Agriculture Health Care Logistics Manufacturing Other Prof/Tech RetailRelated/Service

Projects Active By Sector

Q1 Q2 Q3 Q4


GPEDC PerformanceBusiness Retention Visits as of September 2017

262

500

0 100 200 300 400 500 600

Completed

2019 Goal

Business Retention Visits (2015-2017)

816

116

77

4335 35

200

150

80

0

50

100

150

200

250


Total BRV's By County

Total Achieved 2019 Goal

12 16

32

138

7

2823

0

20

40

60

80

100

120

140

160

Agricultrue Healthcare Logistics Manufacturing Other Prof/Tech Retail/Service

Total BRV's By Sector


GPEDC PerformanceBusiness Retention Visits as of September 2017

Business Visits in 2017 4B Elevator Companies GIVSCO Construction Company Maple Lawn Homes

4ce, Inc. GSS Machining Midwest Perma Column

ACES Enterprises Hanley Steel Minonk Chocolate Company

ADM Havana Hawk Energy Solutions Morton Automatic Electric Co

Advocate Eureka Hospital Illini Concrete Morton Industries

Alcast Company Illinois American Water Natural Fiber Welding

Ameren Iron-A-Way LLC OSF Health Care

American Tire Distributors ISHPI Parson Company

Attollo IVP Plastics Phoenix Affiliates Ltd

Bard Optical JC Screenprinting Pioneer Industrial Park, Inc.

Beck's Hybirds JM Industrial Supply Pioneer Railroad Services, Inc.

Bell Enterprises JT Fennel Peoria PMP Fermentation

Bill Gatliff & Associates JT Fennell Chillicothe Precision Planting Warehouse

Cast Technologies Kamatsu Raber Packing Company

Comprehensive Prosthetics and Orthotics Kemp Manufacturing RMH Foods

Country Comfort Retirement Home Keystone Roanoke Concrete

Daniel Mfg. Klean Wash SC2

Dynegy LaserPro of Peoria SCSI, Inc.

ELECSYS Division Lights by H&H SMF, Inc.

Farnsworth Group Linco Precision Waite Equipment

G & D Integrated Peoria Lynch Aluminum Xantus Products


GPEDC PerformanceEconomic Gardening as of September 2017

Economic Gardening Completions Company Company Description

Calihan Pork Processing Food Processing

Dust Control Technology Improves Industrial Air Quality

ITC, Inc. Custom Metal Machining

Kemp Manufacturing Precision Metal Machining

OneFire Marketing Consultant

5

25

0 5 10 15 20 25 30

Completed

2019 Goal

Economic Gardening (2016-2017)


GPEDC PerformanceManufacturing Network as of September 2017

Network Members Integris Group R.L. Lewis Industries, Inc.

Kemp Manufacturing Quality Metal Products, Inc.

Enercon Engineering, Inc. Durre Brothers Welding & Machine Shop, Inc.

Caterpillar Inc. Advanced Technology Services, Inc.

G&D Intergrated SMF, Inc.

Premier Fabrication, LLC Metamora Industries, Inc.

CGN & Associates Advanced Technology Services (ATS)

Phillipi Hagenbuch Komatsu, Inc.

16

15

0 5 10 15 20

Actual

2019 Goal

Network Members

6

15

0 5 10 15 20

Actual

2019 Goal

Bid Opportunities

3

10

0 2 4 6 8 10 12

Actual

2019 Goal

New Sales Secured


GPEDC PerformanceBusiness Attraction as of September 2017

6

10

0 2 4 6 8 10 12

Completed

2019 Goal

Projects Completed

330

750

0 100 200 300 400 500 600 700 800

Created

2019 Goal

Jobs Created

17

1314

0

2

4

6

8

10

12

14

16

18

Q1 Q2 Q3

Active Projects

4 4

2

6

2

5

2

3

2

3

2

11

3

2

5

2

1

0

1

2

3

4

5

6

7

Agriculture Health Care Logistics Manufacturing Prof/Tech RetailRelated/Services

Projects Active By Sector

Q1 Q2 Q3 Q4


GPEDC PerformanceRural Development as of September 2017

3 3

7

5 5

0

1

2

3

4

5

6

7

8


Rurual Community Visits By County in 2017

3

1 1

2 2

0

0.5

1

1.5

2

2.5

3

3.5


Roundtable Attendance By County

8

6

0 2 4 6 8 10

Data Tools

Grant Assistance

Technical Assistance

2

1

2

2

0

1

2

3

4

5

6

7

8

Ongoing Projects

Ongoing ProjectsHousingCommunity Specific StrategyOrganization Created


GPEDC PerformanceStartup Greater Peoria as of September 2017

31

30

29.5 30 30.5 31 31.5

Launched

2019 Goal

Businesses Launched

150

150

0 50 100 150 200

Created

2019 Goal

Jobs Created Dollars Awarded Through KeyStart

$40,000

11

13

5

0 2 4 6 8 10 12 14

Outreach Opportunites

Founder Meetings

Programs Under Development

Q3 2017 Startup Greater Peoria


GPEDC PerformanceStartup Greater Peoria as of September 2017

31 Startups Launched

24Wave NEX Machine

360 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


GPEDC PerformanceGreater Peoria Pathways as of September 2017

1727

1526

379

91 109

0

200

400

600

800

1000

1200

1400

1600

1800

2000

Peoria Tazewell Woodford Mason Logan

CareerSpark (2015-2017)

3358

4000

0 500 1000 1500 2000 2500 3000 3500 4000 4500

Total Attended(2015-2017)

2019 Goal

CareerSpark (Student Attendance)

111

150

0 50 100 150 200

Total Attended(2015-2017)

2019 Goal

CareerSpark (Educator Attendance)


GPEDC PerformanceGreater Peoria Pathways as of September 2017

18

125

0 50 100 150

Placement Sites

2019 Goal

Internship Placement Sites

70

300

0 100 200 300 400

Placed

2019 Goal

Internships Placed

91%

85%

85%

100%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 110%

8th Graders

9th Graders

10th Graders

2019 Goal

Career Cruising Use

9

15

4

64

4 2 2 4

0

10

20

30

40

50

60

70

Manufacturing Healthcare IT Other

Employers By Sector

Peoria Tazewell

49

300

0 100 200 300 400

Created

2019 Goal

Internsips Created

% of students to complete their career matchmaker


GPEDC PerformanceLive Greater Peoria as of September 2017

668633

592

486

385

734

381

0

100

200

300

400

500

600

700

800

2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3

Live GP Users

379

480

0 100 200 300 400 500 600

Attended 2017

2017 Goal

Number of People Presented To

2017 Live GP Booklets Printed/Distributed

2,000

quarterly update 2017 - greater peoria edc · bard optical jc screenprinting pioneer industrial...

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