How Lake County must catch up in the contest for industry.(News)

From: Daily Herald (Arlington Heights, IL) | Date: September 15, 2002| Author: | Copyright information

Byline: Mick Zawislak Daily Herald Staff Writer

Beyond the numerous shopping centers in Lake County is an economic fact of life that has some experts pitching an urgent wake-up call.

Lake, like other counties, has seen its economy sag. Filling the gaps left when businesses close or consolidate is a top priority, but there is a parallel and equally important goal that has nothing to do with what is already here, they say.

"Eighty percent of what's important in economic development is your existing industry," says Bob Hess of Deloitte & Touche, a Deerfield-based ...

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