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Leading Lake County Forward
The Business News You Need to Know
 
 

 Illinois Ranked Among Top in Nation for Business

Illinois continues to top the charts for business. CNBC ranked the state among the top 10 in the nation in a variety of categories including infrastructure, education, access to capital, cost of living and quality of life. 

 

This recognition comes on the heels of a record-setting year for economic development in Illinois, including ranking #2 in the nation for corporate investment and #1 for workforce development in the Midwest by Site Selection Magazine. Illinois shattered its record for film production spending (nearly $700 million), and reached an all-time high for hotel revenues in FY23. The state also reached $1 trillion GDP for the first time in 2022 and nearly tripled companies' capital investments through EDGE agreements from 2019 pre-pandemic levels to $1 billion in 2022. 

See Why Illinois is a Hotbed for Business Growth
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Manufacturers Are Making Major Investments

One in every 7 local jobs is in manufacturing, and Lake County has 2X the workforce to support it than other similarly-sized communities. Top talent, coupled with innovation, leading-edge technology, access and infrastructure, are among the many reasons that industry leaders are choosing to grow in Lake County - and they are enlisting LCP's support to coordinate incentives, access workforce initiatives, find space, make connections, and produce celebrations. 

Go Behind the Scenes to See How We Help Manufacturers
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2022 Was a Big Year for Business in Lake County

Based on job growth and investment, Lake County is enjoying one of the best runs in history. As LCP celebrates its 25th anniversary, we're looking back at the biggest accomplishments of 2022 in our new annual report.

Check Out Our 2022 Annual Report

Mark Your Calendar

Don't miss these upcoming opportunities to leverage local business resources. 

Learn How to Export Your Medical Products to Europe - Webinar on August 10th
Use C-PACE To Finance Energy-Efficient Improvements on Commercial Properties - Webinar on August 16
Network with Life Science Leaders & Explore Obesity Impacts - In-Person Event on August 30th
Tap into Talent at the Popular Hire Lake County Job Fair - In-Person Event on September 26th

Meet a Partner

Cheri Richardson

Executive Director
Gorter Family Foundation

 

You have spent your career enhancing quality of life in Lake County. How did you get involved in philanthropy? 

    Cheri

    Many years ago, I was the Operations Manager at the Gorton Community Center in Lake Forest, where a number of Lake County nonprofits have their offices.  Through the relationships developed there, I was hired as the Executive Director of the United Way of the North Shore. My next role as the Executive Director of Mothers Trust Foundation enabled me to build relationships county-wide with nonprofits and school districts, and led to my current role as ED for the Gorter Family Foundation. This was a path I never imagined, but once involved, I was hooked!

     

    What gets you most excited about what's happening right now in Lake County?

    The county has changed dramatically in the past 10 years. We were once very siloed in all sectors; however, leadership changes and resource development have led to enhanced networking, communication, collaboration, and cooperation throughout the county. We are sharing our visions for the future, pooling our resources, discussing our challenges, and planning together ways in which to better the living experiences of all of Lake County’s residents. We are a large county and yet we’re small, in that we know one another and choose to work together to create positive change. Learn about how the Comprehensive Economic Development Strategy brought together local leaders to create a vision for inclusive growth here.

     

    What are the biggest opportunity areas for community investment?

    Through our own learning experiences, we are now aware that the birth to five years are literally the building blocks of our future. Overwhelming evidence shows that children who enter kindergarten behind are likely to remain behind throughout their educational careers and beyond. These gaps in achievement are difficult and expensive to close with K-12 education alone, and they can last a lifetime.

    A Lake County early childhood system assessment was conducted in 2022, highlighting our county’s resources and gaps. Lake County is overwhelmingly short when it comes to the availability of early childhood education resources due to teacher shortages, high costs of care and education, and actual places and spaces for children to learn. Not only do these gaps affect a child’s kindergarten preparation, but they also have a negative impact on the county’s workforce as so many parents make the choice to stay home with their children because childcare costs exceed their potential income.

    What has the biggest potential to create economic opportunity in Lake County? 

    Sector collaboration in the area of post-secondary college and career choices. The knowledge of job opportunities combined with college and career pathway endorsements has enormous potential to both retain and recruit businesses due to a highly planned and choreographed workforce. Through our uniquely positioned assets of the Lake County High Schools Tech Campus, the College of Lake County, Lake Forest College, the University Center, and Rosalind Franklin University, we have local opportunities to guide our students to and through a process to both create great jobs and living wages and staff our county’s businesses with our local talent. Learn more about how local educators are priming high school talent here. 


    How has LCP impacted what you do? 

    LCP has unlocked the essential doors to insight and communication between education and workforce development. The organization has the ability to bring Lake County companies to the table with other-sector partners to learn, collaborate and inspire action. Without this distinct skill, none of our exciting opportunities would be possible.

    Get Involved!

     

    Our work would not be possible without the leadership of our Board of Directors & the support of our investors. 

    Get Involved or Request our Support Here
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    Lake County Partners, One Overlook Point, Suite 280, Lincolnshire, Illinois 60069, 847-597-1220

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