Business Stories from August 22, 2025 (Change date)
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After earlier attempt, District 214 inks sale of Arlington Heights property for $5.55MAug 22, 2025 4:24 pm - The Northwest Suburban High School District 214 board votes to sell a prime Arlington Heights property to a developer for $5.55 million, despite resistance from some board members who believe the value may only rise in the future.
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Mundelein business in line for village grantAug 22, 2025 4:13 pm - A Mundelein business could receive a $4,706 grant from the village to help pay for a smoke detection and alarm system.
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Canada will match US tariff exemptions under USMCA trade pact, Prime Minister Carney saysAug 22, 2025 1:40 pm - Canada is dropping retaliatory tariffs to match U.S. tariff exemptions for goods covered under the United States-Mexico-Canada trade pact, Prime Minister Mark Carney announced Friday.
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Making Des Plaines ‘look good’: City buying former restaurant on Lee Street for redevelopmentAug 22, 2025 11:59 am - Des Plaines is breaking out its checkbook and buying more rundown commercial property on Lee Street for future redevelopment.
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Powell signals Fed may cut rates soon even as inflation risks remainAug 22, 2025 9:14 am - Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs and other policies on the economy.
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Cary adds non-home-rule sales tax after voters reject home rule status, extends grocery taxAug 22, 2025 8:10 am - Cary officials have approved a non-home-rule general sales tax and the continuation of a 1% grocery tax for next year.
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‘Lesser of two evils’: Naperville approves local grocery taxAug 22, 2025 8:09 am - Naperville shoppers will continue paying a 1% tax on their groceries. Following the lead of several neighboring communities, Naperville city council members this week voted 5-4 to replace the state’s 1% grocery tax with a local tax.
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Gurnee to consider 40-unit ‘workforce housing’ proposalAug 22, 2025 6:37 am - A proposed 40-unit “workforce housing” development, east of Route 21 near the Tri-State Tollway in Gurnee, will proceed to the village board for consideration.
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Condo boards not required to provide year-to-date financials with annual budgetAug 22, 2025 6:00 am - Condo boards must provide an annual accounting of expenses but not a year-to-date report when proposing a budget.
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DuPage Medical Society Foundation names scholarship grant awardsAug 22, 2025 12:03 am - The DuPage Medical Society Foundation board of trustees announces the awarding of 25 student scholarships for 2025.
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