Enhance Economic Opportunities
Integrate workforce development into our economic development strategies to foster balanced growth, revitalization, and a diverse economy to provide jobs, housing, and economic opportunities.
Lake County has implemented the new Purchasing website and has been updating vendor information to capture local status. To date, 1,250 vendors have registered, and 21% self-reported that they have an office in Lake County, 31% of registered vendors have women ownership, and 10% have minority ownership.
Business Visitation Program
To advance our strategy of improving the economic climate and economic readiness of Lake County, Lake County Partners (LCP) began implementing its business visitation program, targeting companies with between 15 and 350 employees. Program goals include enhancing business relationships, increasing communication among core stakeholders, and understanding local business climate issues and workforce development needs.
Collaborative Efforts Bring New Tech Company to Gurnee
Lake County collaborated with state and local governments to bring Akhan Semiconductor, Inc, a new technology company, to Gurnee. The County and local leaders believe their collaborative efforts to attract this type of high-tech business will help stimulate growth, encourage business expansion, and increased assessed valuation. The project has the opportunity to both bring high-tech jobs to Lake County and increase sales tax revenues while protect the interests of taxpayers. Akhan is a global leader in diamond semiconductor technology that aims to serve faster computers, advanced aviation and satellite technology, advanced radar communication and next-generation telecommunication needs. The company plans to bring 250 jobs over the next three years.
Marketing to Target Industries
LCP implemented the second phase of its advertisement campaign that focuses on the “Lake County Promise” which includes a video featuring actual Lake County businesses and community leaders. LCP also integrated a targeted media strategy to communicate the “Lake County Promise” to a wider audience, including updates to its website, on-going themed social media posts, and a feature article in the Daily Herald Business Ledger.
Delivering Lake County’s Value Proposition
To advance efforts to enhance business outreach and retention, LCP forged a partnership with the Workforce Investment Board of Lake County (WIB) and as a result LCP has continued to expand its business outreach program and meet with local businesses in the key industry sectors of manufacturing, healthcare and information technology.