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UNPARALLELED
LABOR REACH
Warehouse Workers
2023 Resident Workers
Past 5-Year Growth
2023 Net Commuters
30 Mins
14,101
25%
2,943
60 Mins
130,104
11%
15,911
Forklift Drivers
2023 Resident Workers
Past 5-Year Growth
2023 Net Commuters
30 Mins
1,314
20%
665
60 Mins
10,340
9%
1,298
Manufacturers & Fabricators
2023 Resident Workers
Past 5-Year Growth
2023 Net Commuters
30 Mins
2,231
15%
-769
60 Mins
26,790
10%
-356
Estimate of Greater Chicago Region TEU Equivalents
7.4M
Lifts
Per container
2.2 TEUs
TEUs
16.5
BNSF Imdl Logistics Park Chicago | 11 Miles
UP Imdl Global IV | 13 Miles
Chicago O’Hare Int’l Airport | 55Miles
ECONOMIC ADVANTAGES AT ELP 55
TIF INCENTIVES AVAILABLE TO OCCUPIERS:
Developer / Owner flexibility to offer TIF Incentives to occupiers through Real Estate Tax rebates.
ENTERPRISE ZONE
The Illinois Department of Commerce and Economic Opportunity expanded the boundaries of the Joliet Arsenal Enterprise Zone to include ELP 55. The Illinois Enterprise Zone Program stimulates economic growth and neighborhood revitalization. This is accomplished through state and local tax incentives, regulatory relief and improved governmental services. Details of the benefits, which may be available to Tenants, include:
Sales Tax Exemption 100% exemption on sales tax for building materials, including any material considered “stuck” to the building; items may be purchased anywhere in Illinois, not just within the sponsored area.
Investment Tax Credit 100% exemption on sales tax for building materials, including any material considered “stuck” to the building; items may be purchased anywhere in Illinois, not just within the sponsored area.
EZ Machinery and Equipment Sales Tax Exemption Exemption on the state sales tax on all tangible property that is consumed within the enterprise zone for manufacturing purposes.
Utility Tax Exemption 5% state tax exemption on gas, electricity, and the Illinois Commerce Commission 0.1% administrative charge and excise taxes on the act or privilege of originating or receiving telecommunications; local government exemptions on gas, electricity, and water may exist as well.
ECONOMY
704K
Population (2024)
17K
(2.4%) Projected population growth in next 5 years
287K
Total Regional Employment
24K
Projected job growth in next 5 years
6.3%
Job growth from 2018 to 2023, outpacing the
national growth rate by 2.4%