DUPAGE COUNTY

THE PROVEN AND PREMIER
GLOBAL BUSINESS LOCATION

 

Choose the business-friendly environment, where commerce flourishes.
Choose the high quality-of-life, where a skilled workforce thrives.
Choose the globally accessible location, where opportunity arrives from every direction.

 

Choose the people, the place, the prosperity of DuPage County.

 

CHOOSE THE DUPAGE DIFFERENCE.

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Close to 700 Business Leaders Attend 8th Annual DuPage County Regional Outlook Event

Howard Tullman, CEO of 1871, shared his perspective on the impact of innovative technologies on the DuPage County economy with an audience of 700 top business leaders during the 8th Annual DuPage County Regional Business Outlook event on May 3 at the Drury Lane Conference Center. The annual event, hosted by Choose DuPage Economic Development Alliance, Mesirow Financial and Ice Miller, brought together nearly 700 local business owners, executives, government and education leaders, as well as other members of DuPage County’s business community to share insights about the emerging technologies and their effect on the current regional and national economic landscape, as well as to discuss best practices and growing potential in today’s economy.  

 

During his keynote address, Tullman expressed to the crowd that to remain relevant in the growing economy, companies must quickly adapt to new, innovative technology and services that enhance the lives of consumers—whether that be by saving time, money, or energy. From ground breaking new wearables to the latest social trends, Howard Tullman offered a no-nonsense and straightforward talk inspiring local business leaders to get active inventing the future. 

 

Howard Tullman

 

“This is the right now economy, people want things now,” said Howard Tullman, CEO of 1871. “Businesses need to be there—to be helpful, to be quick, and to develop the methodology to pay me for my attention—meaning that the business saves me time, helps me make a better decision or saves me money.”

 

Tullman provided an exciting and rapid fire review of the major tech trends that will radically shake up the ways we think about disruptive innovation, new product development and satisfying the accelerating demands of your customers.

 

Prior to Tullman’s remarks, Dan Cronin, DuPage County Board Chairman, provided an overview of the current DuPage County economic outlook, while Leo Harmon, managing director, equity management for Mesirow Financial and Peter Hegel, senior managing director, fixed income management for Mesirow Financial, presented a U.S. Market Outlook. The presentations offered an optimistic view about current market trends provided pro-growth and pro-business policies are enacted by the local, state, and national governments.  

 

 

“I’m pleased to report our DuPage economic picture is positive,” said Chairman Dan Cronin.  “We strive to create an atmosphere in which both new and established businesses can grow and thrive.  Our unemployment rate is among the lowest in Illinois and we know employers are attracted by our highly trained and educated workforce and our outstanding quality of life.”

 

 

Following the keynote presentation, business journalist Lisa Leiter hosted a panel discussion on advancements and opportunity in DuPage County with Vincent Tomkinson, Midwest managing partner, Grant Thornton; John Carlisle, interim director, Chain Reaction Innovations, Argonne National Laboratory; and Roman Kuropas, CEO, president and founder, Innova EV. The panel’s remarks echoed the theme of the overall event which positioned DuPage County as a smart choice for overall business success. DuPage County offers a business-friendly environment, skilled workforce, high quality of life and growing industry sectors including manufacturing, business services, healthcare, retail and technology. DuPage County is experiencing a prosperous business climate and today’s event reinforced the spirit of innovation and opportunities throughout the business community.

 

 

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2017 First Quarter Economic Indicators Show Low Unemployment, Vacancy Rates

Choose DuPage has released its 2017 First Quarter Economic Indicators Report this week, once again confirming DuPage County maintains a thriving business climate. Due to its low unemployment, skilled and educated workforce, high quality of life and growing business and industry sectors, DuPage County presents opportunities for job creators and entrepreneurs during a time when the state struggles with high taxes, pension challenges and a hostile business climate. 

 

2017 First Quarter Economic Indicators Report Highlights:

 

  • DuPage County maintains the lowest unemployment rate in the Chicagoland six-county region at 4.1%, lower than both the State of Illinois (5.5%) and United States (4.9%).
  • DuPage County‘s current top job opportunities include positions in computers and mathematics, management, office and administrative support, sales, business and finance, healthcare practitioners and transportation.
  • Industrial vacancy rates are at 5.4%; DuPage County continues to have the lowest industrial vacancy rate in the region.
  • Sales tax receipts increased by 2.47% over last quarter indicating consumer spending habits have increased in DuPage County

 

DuPage office vacancy rates have continually declined and are holding steady around 16-17 percent, with industrial vacancy rates running around 5.4 percent.  While space is being acquired by new businesses moving into the area as well as the expansion of existing DuPage businesses, DuPage County continues to have the lowest industrial vacancy rate in the region; this creates a great opportunity for developers.

 

“Local commerce and industry continue to flourish, while unemployment remains at its lowest in the Chicagoland region,” said John Carpenter, president and CEO of Choose DuPage. “Remember, DuPage County dropped its sales tax by a quarter percent last June, putting $36 million back into taxpayer pockets – consumers are putting that money back into local commerce.  DuPage County is ripe for increased business and industry expansion.”

 

DuPage County has consistently maintained the lowest unemployment rate in the Chicagoland region and boasts an AAA bond rating due to its strong economy, fiscal management and healthy budgetary performance. Low taxes and operating costs, strong labor demographics, close proximity to hotels, dining, shopping, golf and recreation are just a few of the benefits our community provides to business and industries considering relocation or expansion of operations. For all these reasons and more, DuPage continues to maintain a solid, thriving economy.

 

CLICK HERE TO DOWNLOAD THE FULL REPORT

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