Below is a recap of the presentation Economic Development Director, Bryan Gay, gave at Powering the Future, where the region’s economic development leaders discussed the current and future economic state of their respective counties. Presentations offered insight on future development projects, priorities and policies impacting the electrical trades in Chicagoland.
Job Growth in DuPage County
DuPage County experienced a 1% increase in job growth during 2014. Industry sectors with the most overall job growth:
- Management: 8%
- Real Estate: 6%
- Administrative: 5%
Unemployment Rate
DuPage County has one of the lowest unemployment rates in the State of Illinois.
- DuPage County: 5.3%
- Chicago MSA: 6.4%
- Illinois: 6.7%
- United States: 5.5%
Sales Tax Receipts
DuPage County sales tax receipts rose 5.79% since December of 2013.
- 2013, 4th quarter: $344,492,018
- 2014, 4th quarter: $364,452,124
Regional Real Estate Market
Office vacancy dropped from 17% in the 4th quarter of 2014, to 16.8% in the first quarter of 2015.
Industrial vacancy rates rose slightly in the first quarter of 2015 to 5.7% from 5.6% in 2014.
Summary
2014 Projects
- 102 total projects
- 3,800 jobs
- 7,000,000 SF
- $541,000,000 invested
Projects by Industry
- 33 manufacturing
- 7 healthcare and social assistance
- 14 transportation and warehousing
- 18 wholesale
- 4 finance, insurance, real estate