The Voice is online at rockfordchamber.com
ROCK THE AIR FUND SURPASSES ONE MILLION GOAL
April 2011 | Volume 24 | No. 4
Leaders agree; manufacturing business is looking up By Paul Anthony Arco As Einar Forsman looked out at the large crowd during the Rockford Chamber of Commerce’s annual Manufacturers Appreciation Dinner & Expo at Cliffbreakers on March 24, he couldn’t help but smile. “We’re really encouraged by the positive direction happening in the manufacturing community right now,” said Forsman, Rockford Chamber president & CEO. “Since 2009, when the employment markets for manufacturing bottomed out, we made an almost 10-point improvement in jobs in that area. While we’re still lower than we want to be, we are outpacing the
Photos by Brian Thomas Photography
The Manufacturer of the Year was presented by Theresa Beach-Shelow to Phil Baerenwald, president of J.L. Clark. Rep. Don Manzullo awarded the Manzullo Individual Business Catalyst Award to Rick Bastian, president and CEO of Blackhawk Bank. state and the nation in manufacturing jobs returning to the workplace. That’s a positive, but we still have a ways to go.” That feeling of optimism was shared by many of the 525 people who turned out for this year’s event. “The companies I’ve spoken to tonight, not one of them said, ‘flat or down,’ said Jim Roy, regional vice president of QPS Employment Group. “Everybody is optimistic, forward thinking and positive,” he said. “Things
appear to be better than they were, and headed in the right direction.”
Matching Skilled Workers with Available Jobs Mark Rittmanic agreed. He is the founder and CEO of ForteOne, a Chicagobased firm that develops strategies and profit improvement plans for businesses worldwide, including banking, manufacturing, distribution and service. more on page 3
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Area companies drive growth by expanding into the global economy
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If economic growth in a region can be measured by its percentage of exports, then Rockford is headed in the right direction. Yet enormous opportunity remains for local companies strategically to grow by tapping into the increasingly global economy. According to the Brookings Institution in July, 2010, Rockford exported almost $3.3 billion worth of goods and services in 2008 to foreign markets, or more than 22 percent of aggregate value-added production. This percentage ranked it as far more export oriented than the national economy as a whole, and more export oriented than any of the 100 largest metropolitan areas, except Wichita, Kan., which exported 27.8 percent, largely in aviation and transportation equipment. (Rockford’s population is too small to make the 100 largest list.)
MARK YOUR CALENDAR! Rockford Chamber of Commerce
Rockford exports lead By Barbara Connors
The Community Foundation of Northern Illinois announced on March 17 at the Chicago Rockford International Airport that the goal for the Rock the Air Scholarship Fund was exceeded with $1,052,036 in pledges. The total and information on the scholarship fund was brought to Ken Dufour, Embry-Riddle Aeronautical Trustee, at the board meeting on March 18. Embry-Riddle announced last fall that it was considering creating a third residential campus in Rockford or Houston, Texas. If Embry-Riddle chooses Rockford, the fund will provide scholarships each year for Midwestern students to attend in Rockford. The scholarship will be endowed, and the principal never used – creating a legacy. The Rock the Air Scholarship Fund was spearheaded by the Community Foundation after a group of Sundstrand retirees, headed by Ron Harris and Chris Christiansen, hit upon the idea of creating a scholarship for students who might attend an Embry-Riddle campus in Rockford. If Embry-Riddle chooses Rockford, the Community Foundation will send payment schedules to everyone who pledged. If Embry-Riddle does not locate a residential campus in Rockford, all pledges will be void.
Informational Meeting Thursday, April 14 4 to 8 p.m. | Cliffbreakers
President’s Plan to Double Exports in Five Years President Barack Obama in his State of the Union address on Jan. 27, 2010, set a goal of doubling America’s exports over the next five years – an increase he said would support two million American jobs. He announced the launch of the National Export Initiative and the establishment of the Export Promotion Cabinet. The cabinet issued a report to the President in September, 2010, highlighting eight priorities for doubling U.S. exports in five years. They are: growing exports by small and mediumsized enterprises (SMEs), federal export assistance, trade missions, commercial advocacy, increasing export credit, macroeconomic rebalancing, reducing barriers to trade, and export promotion more on page 10
CHICAGO BOEING WINS AIR FORCE CONTRACT The U.S. Air Force announced that Chicago-based Boeing won its competition with Europe’s Airbus to design and build the next-generation air refueling tanker. “This is a huge victory for American workers as well as the dozens of manufacturers in northern Illinois who supply nearly $180 million in products and services annually to Boeing,” said Congressman Don Manzullo (R-IL). “We have always worked closely with Boeing in helping them identify local manufacturing partners, and we will continue to seek job-creating contracts for northern Illinois manufacturers as Boeing ramps up to build the new tanker.”