Will County is well positioned for continued economic success. That was the takeaway at the Will County Economic Development Corporation's (CED) annual Eye-Opener event attended by many local elected officials, business leaders and other stakeholders.
Will County Executive Jennifer Bertino-Tarrant recognized CMAP for its leadership and partnership in developing the Greater Chicagoland Economic Partnership, a first-of-its-kind regional initiative to coordinate and strengthen economic development on a regional level.
"This partnership will help diversify our economy and attract business from around the world to Will County," Bertino-Tarrant told the group.
The Greater Chicagoland Economic Partnership, launched earlier this year, includes all seven counties and the City of Chicago. Together, we work to drive inclusive economic development across Chicagoland.
Also at the event, CED President and CEO Doug Pryor highlighted important economic indicators for Will County, including:
- All-time high employment: Employment hit a new high in April, up 67,000 from the COVID-19 trough.
- Very low unemployment: High job growth and modest workforce gains hold unemployment numbers very low — among the lowest ever recorded.
- More jobs: Manufacturing remains the largest sector of Will County’s economy, adding more than 1,000 jobs and $339 million in new wages in the past two years.
- Higher wages: Like the rest of the nation, low unemployment continues to drive wages higher, with wages for all industries up 17 percent since 2019.
Read about this and more in the CMAP Update.