2017 Economic Pulse Survey Results

U.S. Chamber of Commerce Accredited
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Facebook: AuroraChamber
twitter: AuroraILChamber
Blog: AuroraChamber.com/blog/
CONNECT. GROW. INFLUENCE.
2017 REGIONAL ECONOMIC PULSE
A community bank dedicated to serving the current and
future needs of the families and businesses that make up
the communities in which we live and work.
In 1965, Daniel D. Dolan and James O. Murphy formed Dolan
& Murphy, Inc. creating the first real estate firm in the Fox
River Valley exclusively specializing in commercial, industrial
and investment properties.
A progressive, dynamic economic development partnership
dedicated to expanding economic opportunities in Aurora
and developing a sustainable community for its residents.

39.9% 16.0% 11.0% 11.7% 12.3% 9.2%
0-10 11-25 26-50 51-100 101-500 501 +
EMPLOYEES
The majority of respondents are businesses with fewer than 25 employees.
REGIONAL BUSINESS

50% plan to hire additional employees….
Another 40% plan to maintain current workforce numbers.
REGIONAL OUTLOOK
This was a slight increase from 47% in 2016.

Nearly four in 10 find economic uncertainty keeps them from hiring.
Economic uncertainty 38%  8
State uncertainty 31% 13
Lack of revenue 25%  2
Excess regulation 18%  8
ACA requirements 12%  5
Qualified workforce 10%  5
REGIONAL OUTLOOK

41.8% 27.0% 10.6% 14.9% 5.7%
<$1M $1-5M $5-10M $10-100M >$101M
REVENUE
The largest segment reports less than $1 million in annual revenue.
REGIONAL BUSINESS

70% report business is better than 12 months ago.
REGIONAL OUTLOOK

73% expect revenues to improve within the year
REGIONAL OUTLOOK

64% expect the economy to improve over the next year
REGIONAL OUTLOOK
This was a significant increase from last year’s 45%.

75% expect the economy to improve in three years
REGIONAL OUTLOOK

47% expect it to be less difficult to obtain financing in the next six months
REGIONAL OUTLOOK
This was a slight decrease from 54% in 2016.

73% believe State regulations today are unreasonable
STATE OF BUSINESS

87% are concerned with regulations, restrictions, taxes
STATE OF BUSINESS

71% are not confident in the direction of the State
STATE OF BUSINESS

Four in 10 agree the State must make the budget impasse a priority.
State budget 39% 18
Taxes and fees 15% 12
Regulations/mandates 15%  3
Debt/pensions 13%  3
Workforce readiness 11%  6
Work comp reform 10%  7
STATE OF BUSINESS

Nearly one in seven regional businesses conduct business globally.
OPERATING GLOBALLY
This is up from one in 10 last year.

TODAY’S PANEL
StevenC.Meves,CFA
ChiefInvestmentOfficer
OldSecondBank
KathyGilmore
MembershipManager
ValleyIndustrialAssociation
AlexanderF.Pope,CFRE
VicePresident,Development
Rush-CopleyMedicalCenter

ABOUT THE CHAMBER
The Aurora Regional Chamber of Commerce is a private, not-for-profit,
membership-driven organization comprised of more than 700 members
representing nearly 40,000 employees. Our mission is to be the catalyst for
business success by providing leadership that facilitates the creation of a
prosperous regional economy and effective advocacy for our members. The
Chamber has become one of the largest, oldest, and most influential
organizations in our area by working for more than a century to make the Aurora
and North Aurora region a better place to live and work for all.

2017 Economic Pulse Survey Results

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