The newly reconstituted Economic Development Advisory Council (EDAC) met on Thursday morning, May 30, 2013.
The meeting started with Council Chair Howard Males defining the Mission of EDAC and inviting introductions from those in attendance. Mr. Males emphasized President Preckwinkle’s pro-growth economic agenda, and that EDAC work to pursue regional cooperation around economic issues. He referred to the the report “Partnering for Prosperity – An Economic Growth Agenda for Cook County” released on April 4, 2013, by President Preckwinkle and the Council of Economic Advisors.
Herman Brewer, Bureau Chief, Cook County Bureau of Economic Development also made remarks. He spoke about other economic initiatives launched since President Preckwinkle took office. They include: creation of the Land Bank Advisory Council, Chicago-Cook Workforce Partnership, creation of the HOME Consortium, and rethinking Cook County property tax incentives along with developing new ones, and the $30 million HUD 108 Loan Program to name a few.
The Council then decided that due to the amount of work at hand, they would attempt to meet more than quarterly.
The Council also reviewed the application for a Class 7b Property Tax incentive submitted by UGP Schiller Park, LLC for the development of a $19 million parking facility that is slated to create more than 120 temporary and permanent jobs. After comments and review, the application was approved.
Members of the newly reconstituted Economic Development Advisory Council (EDAC) are:
Howard Males, CEO (Chair)
Research Pros, Inc
Ms. Pam McDonough, President (Vice Chair)
Alliance for Illinois Manufacturing
Mr. Herman Brewer, Bureau Chief
Cook County Bureau of Economic Development
Lynn Cutler, Senior Advisor
Holland and Knight
Joseph Flanagan, Chairman and CEO
Mr. Graham C. Grady, Partner
K& L Gates, LLP
Wesley J. Lujan, Director Public Affairs Corp. Relations
Union Pacific Railroad
Mr. Andrew Mooney, Commissioner
City of Chicago
Department of Housing and Economic Development
Ms. Karin Norington-Reaves, Director
Chicago Cook Workforce Partnership
Mr. Ed Paesel, Executive Director
South Suburban Mayors and Managers
Mr. Richard Pellegrino, Executive Director
West Central Municipal Conference
CJ Rog, Government Affairs Manager
Mr. Edward Sitar, Economic Development Manager
Commonwealth Edison – an Exelon Company
Ms. Victoria Smith, Executive Director
Southwest Conference of Mayors
Go to www.cookcountyil.gov/economicdevelopment for more information about economic development in Cook County.