Adopting a Kane County Economic Development Strategic Plan
A.
Dev. Dir. VanKerkhoff presented a slide show of information about the Kane
County Economic Development Strategic Plan. He indicated that the recently
completed Kane County Economic Development Strategic Plan calls for a more
efficient engagement of public, private, and civic leaders in county economic
development. Given that the County does not have the institutional infrastructure
to coordinate growth across its municipalities, forming a County Economic
Development Organization (EDO) will be an important first step in realizing the
county's vision for growth. VanKerkhoff noted that on March 26, 2024, RW
Ventures, LLC, presented the draft findings and recommendations of the
strategic plan to the Kane County Board Committee of the Whole. On May 14,
2024, the County Board approved $3M funding to support the launch of a Kane
County EDO. The funds have been transferred from the American Rescue Plan
(ARPA) revenue recoupment fund to fund 400 economic development.
Grueling reviewed the key findings of the Kane County Economic Development
Strategic Plan. He highlighted the key market analysis findings, including
manufacturing strengths, concentration of business services, agricultural assets,
labor market gaps, and government fragmentation. He stated that the market
analysis leads to a vision and series of strategic directions to address Kane
County's challenges and opportunities. Kane County will become a dynamic mix
of traditional industries and emerging sectors. The County's industrial base will
grow alongside leading-edge agricultural practices and quality of life for
residents. To execute this vision, a series of strategies were proposed. Grueling
highlighted each strategy, which included creating an economic development
organization, supporting manufacturing by identifying new opportunities,
markets, and technical assistance to compete for new opportunities. He
indicated that there is a need for greater employer involvement in education,
training, and hiring practices. He highlighted the target industry clusters for Kane
County, including metals and machinery, food and beverage manufacturing and
packaging, transportation, distribution, and logistics, agriculture, and business
services. Lastly, the launch of an EDO and focusing on these strategic directions
will set Kane County on a path towards a vibrant, post-pandemic prosperous
21st century economy. Much discussion ensued. (Madam Chair Pierog left at
1:30 p.m.)
KC Executive Committee
RESULT:
TO:
MOVED FORWARD BY ROLL CALL VOTE
KC Executive Committee
Cherryl Strathmann
Deborah Allan
MOVER:
SECONDER:
Anita Lewis, Deborah Allan, Gary Daugherty, and Cherryl
Strathmann
AYE:
Ron Ford, David Young, Corinne M. Pierog, and Vern Tepe
Mavis Bates
ABSENT:
ABSTAIN: