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NORBIC
focuses exclusively on the manufacturing sector because
of its vital importance to Illinois' economy and residents.
Manufacturing directly employs 961,000 Illinois workers;
its direct and indirect induced demand generates another
1.4 million positions in other industries, or nearly one
third of total state employment. NORBIC's geographic focus
stems from the fact that two thirds of Illinois' $72 billion
manufacturing output comes from the Northeast Economic
Development Region.
Manufacturing in the Northeast Illinois area is dominated
by small, privately held companies which are under significant
pressure. Both the number of manufacturers in the Northeast
Economic Development Region and total manufacturing employment
has declined over the past eight years. In fact, since
2000, the region has lost over 100,000 manufacturing jobs.
These job losses have disproportionately hurt the local
economy more than losses in other sectors of the economy
in two significant manners. First, due to manufacturing's
high 'multiplier' effect, (that is, each manufacturing
job is tied to 3 or 4 other jobs regionally) a lost manufacturing
job directly leads to other job losses. Second, since
almost half of all manufacturing workers are minorities,
these lost jobs tend to impact economically depressed
areas with little other alternative employment opportunities. |
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