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MAY 2019
Michael & Caryn were on-the-go this month...

After attending numerous events in April, including "Poland, The Royal Tour”, the SelectChicago® team never slowed down. Michael went to Springfield as part of SBAC Lobby day to discuss issues affecting small businesses and met with Governor JB Pritzker, Lieutenant Governor Juliana Stratton and Kristi Dula, Deputy Director, Office of Entrepreneurship, Innovation & Technology - DCEO along with her staff. Ms. Dula's Staff works with economic incentives and keeps small businesses abreast of policy issues affecting small businesses.

In May, we met with four different international investors looking to place capital to work in the Chicago area. Additionally, members of the SelectChicago® Steering Committee met with Mark Peterson, President and CEO of Intersect Illinois, as well as our keynote speaker at SelectChicago®'s 2018 Investment Conference. Mark reiterated that Intersect Illinois is a privately funded independent EDO promoting the State of Illinois for business attraction as well as helping to coordinate responses to statewide RFP's issued from outside site selection consultants. We learned that his office provides data regarding the state for employment and other industry data points. In addition to travelling abroad throughout the year to promote Illinois at large international events such as Hannover Messe in Germany, Intersect staff routinely provides information to municipalities to assist them in promoting 'market-ready' development sites. Lastly, Mark informed us that Intersect Illinois does not work with foreign investors looking to place capital for private investment projects. SelectChicago® looks forward to continuing to collaborate with Intersect Illinois to support FDI projects within the State of Illinois.

We also participated in a conference call with the Board of Directors for the Alliance for Regional Growth and received a presentation from the University of Wisconsin-Parkside regarding the appetite for FDI in the Northern Lake County-Kenosha area. We also had the pleasure of meeting the new representative for China and the Baltic Region for SelectUSA.

Lastly, Michael attended the Algonquin Developer Conference where Steering Committee Member Teresa Nortillo showcased available market-ready sites to area developers.

Next up, Michael and Caryn will be travelling to Washington DC in June for the SelectUSA conference. If you are attending the event, look for them at booth 822.
Community Spotlight


Arlington Heights is a growing, thriving community of nearly 76,000 residents with an average household income of over $100,000. One of the argest business communities in the Chicago area, Arlington heights is home to approximately 3,000 for-profit companies, employing over 43,000 workers. Thanks to its proximity in the Chicagoland market, including to I-90 and IL-53 and two Metra stations, Arlington Heights also hosts numrous large companies including The Daily Herald and HSBC North American Holdings, Inc. Other businesses with a significant presence in Arlington Heights include Arlington International Racecourse, Northwest Community Healthcare, Northrop Gumman, GE Healthcare and AT&T. With further economic growth on the horizon, Arlington Heights continues to offer an exciting, divers, and business-friendly environment.

Poland is one of the most attractive locations for foreign investments. International reports highlight the economic and political stability educated and competent human capital and a large domestic market. In times of global economic crisis, Poland has strengthened its position, not only in the region of Central and Eastern Europe but also all over the continent. Foreign investors willingly invest their capital in Poland treating it as a safe haven in times of economic instability. Tourists, in turn, are enchanted by Polish hospitality and friendliness, Poland’s cultural heritage and the country’s natural landscape.

Poland’s 38-million strong consumer market is one of the biggest in Europe. The country’s favorable location, in the center of Europe, where the main communication routes intersect, makes it possible to export goods to all European countries and thus reach over 500 million consumers. Poland’s major trade partners are, among others, Germany, Russia, China, France, the UK, Italy, Hungary, Ukraine and Spain.

Well-educated Polish economists, engineers, IT specialists and scientists are highly sought-after and appreciated employees who find employment in IT companies, R&D centers and scientific institutes.  Every year, the number of graduates of Polish universities increases, including faculties useful in high-tech industries.

The country’s sustainable development has much to do with its solid economic foundations. The global economic crisis has not harmed Poland, which is the only country in Europe to have avoided a recession, and additionally has developed at the highest rate on the continent. Assessment of the investment climate for foreign entrepreneurs every year is getting better. All the above mentioned factors together with the country’s international safety and stability guaranteed by Poland’s membership in NATO and the EU make Poland a credible and important business partner for foreign investors.

SelectChicago FDI Conference 2019 - Where Chicago area communities, international trade commissioners and foreign investors come together to learn about international economic development and local investment opportunities.
Copyright © Select Chicago is a program of the Greater Waukegan Development Coalition, a 501(c)3 Non Profit Economic Development Corporation

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