Naperville as “the second largest economic engine (in Illinois)”

The last paragraph of a story about NCTV in Naperville hints at the economic activity in the suburb:

Photo by Karolina Grabowska on Pexels.com

Spencer said she views additional city funding for NCTV17 as an investment into what the station does for the community.

“We think we’re more important and more relevant than ever to Naperville as the fourth largest city and the second largest economic engine (in Illinois),” she said. “We think we provide a really big service. … With a little support from our friends at the city, (we think) we can weather this storm and arrive at port bigger and better than ever.”

What features of Naperville would mark it as such a large economic engine? Its population puts it in the top four communities in Illinois, following Chicago, Aurora, and Joliet. But population alone does not tell the full story. Some more features of Naperville

Lots of human capital and economic resources among residents: “The region has a civilian labor force of 79,726 with a participation rate of 69.2%. Of individuals 25 to 64 in the Naperville city, IL, 74.0% have a bachelor’s degree or higher which compares with 34.3% in the nation. The median household income in the Naperville city, IL is $127,648 and the median house value is $424,800.”

Nearly 80,000 jobs in the suburb.

Certain job sectors well represented: “The largest sector in the Naperville city, IL is Health Care and Social Assistance, employing 12,989 workers. The next largest sectors in the region are Professional, Scientific, and Technical Services (12,897 workers) and Retail Trade (8,375). High location quotients (LQs) indicate sectors in which a region has high concentrations of employment compared to the national average. The sectors with the largest LQs in the region are Professional, Scientific, and Technical Services (LQ = 2.22), Utilities (2.08), and Management of Companies and Enterprises (2.05).”

Lots of office space available: “The office market in Naperville, IL incorporates 10,451,396 square feet of office space across 56 buildings that are at least 25,000 square feet in size.”

-A vibrant downtown.

Lots of awards from different outlets.

Billions of dollars each year in retail sales.

-Multiple corporate headquarters in the city.

-Part of the I-88 corporate corridor, access to multiple major highways, and close to two major airports and Chicago.

As I put together this list, Naperville indeed sounds like an edge city.

In a state dominated by Chicago, it is noteworthy to be second in line as an economic engine. I wonder what other Illinois communities are trumpeting their economic prowess and how many of them are suburbs.

Leave a comment